The CFTC Division of Market Oversight granted time-limited no-action relief to certain market participants, who are eligible for an exemption from aggregation, from having to comply with notice filing and certification requirements.
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The FDIC released supervisory scenarios for upcoming stress tests to be used by covered institutions with more than $10 billion in assets.
Forex Capital Markets, LLC ("FXCM"), FXCM Holdings, LLC, and two founding partners of FXCM were ordered to pay a $7 million civil monetary penalty for defrauding retail foreign exchange customers. FXCM and its founders agreed to withdraw from CFTC registration and were permanently barred from NFA membership.
The SEC requested industry feedback on the pay ratio disclosure rule. The request is in response to unanticipated compliance difficulties reported by issuers. SEC Acting Chair Michael S. Piwowar called on Commission staff to "reconsider the implementation of the rule" and consider additional guidance.
The Senate passed a joint resolution to nullify an SEC final rule on the disclosure of payments by resource extraction issuers.