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July 07, 2015

The NFA issued separate enforcement actions against two firms. AMP Global Clearing LLC. The NFA charged AMP Global Clearing ("AMP") and its president and principal with failing to supervise Amp's operations diligently to ensure that they complied with regulatory requirements. The NFA found that AMP had deficiencies in multiple operations – including AML procedures, risk management and the way it accrued for expenses – that resulted from "lax internal controls and oversight." Spencer Capital Management LLC. The NFA charged Spencer Capital Management ("Spencer Capital") with failing to provide

January 06, 2015

The MSRB issued a Regulatory Notice announcing that its Electronic Municipal Market Access ("EMMA") service will begin to collect and disseminate disclosures related to municipal asset-backed securities on January 9, 2015. The MSRB announced that it will provide updated documentation reflecting the new category of disclosures that will be accepted by EMMA. See: MSRB Regulatory Notice 2015-02.Related news: MSRB to Publish Disclosures about Municipal Asset-Backed Securities (MSRB Regulatory Notice 2014-21) (November 25, 2014).