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SEC charged Oracle Corporation with violating the Foreign Corrupt Practices Act (FCPA) by failing to prevent a subsidiary from secretly setting aside money off the company's books that was eventually used to make unauthorized payments to phony vendors in India. View press release in full here (links externally to SEC website). Additional Materials: SEC Complaint . See also : August 14 news entry.

Aug 16, 2012 RRP Eligibility Criteria for Banks and Savings Associations III, Government-Sponsored Enterprises II and Money Funds IV Aug 16, 2012 Application for Banks and Savings Associations III Application for Government-Sponsored Enterprises II Application for Money Funds IV The Federal Reserve Bank of New York published eligibility criteria for financial institutions seeking to enter into reverse repos with the FRBNY.

The OCC published a proposed rule for comment in the Federal Register regarding annual stress test reporting. The bank regulators' views as to the benefits of "stress testing" were discussed at moderate length in FSOC's first annual report on the stability of the financial system, particularly in Chapter 6 of that Report. (The report is linked to a news item dated July 19.) Comments Due : October 15, 2012 Cross-Reference(s) : Dodd-Frank Act Section 165(i)(2). View in full here (links externally to OCC website).

FINRA issued its monthly compendium of disciplinary actions against firms and individuals. In the category of fines against firms, the most common violations related to (i) short sale violations, particularly not closing out fails, (ii) trade reporting failures under various rules and (iii) excessive mark ups with respect to debt securities. (Firms are advised to review their compliance procedures in all of these areas.) One of the more interesting disciplinary actions was against a firm that had allowed an individual to trade overnight, from the individual's home, without being subject to the

The CFTC adopted Part 165 of its Regulations to implement the CFTC's Whistleblower Program. CFTC Regulation 165.19 provides that a pre-dispute arbitration agreement will not be valid or enforceable if it requires a party to arbitrate a claim that arises under the Whistleblower Rules. Cross-Reference(s) : CFTC Rule 165.19. View notice in full here (links externally to NFA website).