A Bank of England Staff Working Paper found that the overall "improvements in transparency brought about by the Dodd-Frank trading mandate have substantially improved interest rate swap market liquidity."
News & Insights
The Supreme Court agreed to hear an insider trading case in order to determine whether a plaintiff must prove that a tippee received a personal benefit. In the underlying case, United States v. Salman, the Ninth Circuit held that it was sufficient to find that the tippee shared a "close family relationship" with the insider.
A whistleblower who assisted the SEC in an investigation by furnishing it with a "detailed analysis" constituting "original information" was awarded more than $700,000.
The SEC adopted interim final amendments to the rules and forms that implement Sections 71003 and 84001 of the Fixing America's Surface Transportation ("FAST") Act (H.R. 22). The amendments revise SEC (i) Forms S-1 and F-1, to allow emerging growth companies to omit financial information for certain historical periods, and (ii) Form S-1, to allow smaller reporting companies to use incorporation by reference in their future filings. The adopted amendments were published in the Federal Register.
The National Futures Association issued its 2015 Annual Review, which highlights the NFA's yearlong efforts in cybersecurity, technology, regulation, enforcement and education.