The SEC Division of Trading and Markets granted no-action relief to broker-dealer members of the National Securities Clearing Corporation ("NSCC"), allowing NSCC to invest cash debited from its members settlement accounts into its "long free" account.

The SEC Division of Corporation Finance granted an exemption from the registration of membership interests in a Wisconsin mutual insurance company undergoing reorganization to become a stock insurance company.

A non-U.S. swap dealer settled charges with the CFTC for failing to (i) timely report a large number of foreign exchange swap, foreign exchange forward, and non-deliverable forward transactions to a swap data repository ("SDR"), and (ii) properly report non-deliverable forward transactions to an SDR.

A San Francisco-based firm settled charges with the SEC for violating federal securities laws by failing to register security-based swaps that were offered and sold online to shareholders in pre-IPO companies. In a separate no-action letter, the SEC granted a "bad actor" disqualification waiver to the firm.

A San Francisco-based IT specialist settled insider trading charges with the SEC for hacking senior executives at the online travel company Expedia. The IT specialist allegedly traded on non-public information in advance of nine company news announcements from 2013 to 2016.