The SEC charged an investment advisory firm and its owner with "scheming to collect extra monthly fees" from a pair of hedge funds that were under the firm's management.

Twelve members of Congress asked the Government Accountability Office to explain how "fragmentation and overlap" described in their report affected the "convergence of the financial and technological industries."

The Federal Reserve Bank of New York will combine its Wholesale Product Office ("WPO") and the Financial Services Group into a single entity, which will be led by WPO Executive Vice President Richard P. Dzina.

The National Futures Association reminded swap dealers that they must complete and submit responses to "a very brief" questionnaire on margin requirements for uncleared swaps.

The CFTC Division of Clearing and Risk granted time-limited no-action relief to the Shanghai Clearing House from registration as a derivatives clearing organization.