The CFTC Division of Swap Dealer and Intermediary Oversight granted no-action relief, under certain conditions, to the FIA and member futures commission merchants ("FCMs") in order to permit limited withdrawals of FCM excess residual interest.

CFTC Acting Chair J. Christopher Giancarlo announced that current CFTC Deputy General Counsel for Litigation and Adjudication Robert A. Schwartz will replace Jonathan L. Marcus as Acting General Counsel.

In anticipation of annual elections, FINRA provided an overview of the governance structure for the District Committees, the Small Firm Advisory Board, the National Adjudicatory Council and the Board of Governors.

E*TRADE Securities LLC, an introducing broker, and E*TRADE Clearing LLC, a futures commission merchant, agreed jointly to pay a penalty to settle CFTC allegations that the two entities failed to supervise a third-party vendor that generated inaccurate audit trail logs for their customers.

The CFTC extended the comment period for the Supplemental Notice of Proposed Rulemaking for Regulation Automated Trading from January 24, 2017 to May 1, 2017.