A proprietary trading firm settled NYSE Arca charges for failing to maintain sufficient order controls and related written supervisory procedures to prevent the entry of erroneous orders.

The SEC granted no-action relief to an actively managed ETF from SEA Rule 14e-5 (“Prohibiting Purchases Outside of a Tender Offer”), subject to certain specified conditions.

SEC Chair Gary Gensler said that in order to facilitate growth of U.S. capital markets, the SEC is focused on improving efficiency, updating disclosures and maintaining market resiliency.

In its semi-annual Supervision and Regulation Report, the Federal Reserve Board summarized current banking conditions and recent supervisory and regulatory activities.

SEC Chair Gary Gensler and CFTC Chair Rostin Behnam highlighted U.S. regulatory initiatives in "new era" for derivatives.