In a settlement with an alternative trading system, the SEC announced that a tech group and its affiliate agreed to pay $20.3 million to settle charges that it operated a secret trading desk and misused the confidential trading information of dark pool subscribers. An SEC investigation found that despite telling the public that it was an "agency-only" broker whose interests didn't conflict with its customers, the company operated an undisclosed proprietary trading desk known as "Project Omega" for more than a year. While the company claimed to protect the confidentiality of its dark pool

The IRS provided XML file preparation instructions for adding multiple sponsored entities on the new FATCA Online Registration System. See: New FATCA Online Registration System: XML File Preparation Instructions for Adding Multiple Sponsored Entities Using a File Upload - Coming Late 2015; IRS Announcement of FATCA Online Registration System: Information for Adding Multiple Sponsored Entities Using a File Upload. See also: FATCA Foreign Financial Institution Registration Tool. Related news: IRS Provides Additional Guidance on Filing FATCA Report (June 11, 2015); IRS Updates FATCA Systems FAQ

The SEC charged 32 defendants with fraud for taking part in "a scheme to profit from stolen nonpublic information about corporate earnings announcements" that generated "more than $100 million in illegal profits." According to the SEC's complaint, two Ukrainian defendants hid the "intrusions" by using "proxy servers to mask their identities and by posing as newswire service employees and customers." The SEC further charged that the two Ukrainian defendants created "a secret web-based location" to transmit the stolen data to traders in Russia, Ukraine, Malta, Cyprus, France and three U.S

In a comment letter to the SEC, the Investment Company Institute ("ICI") expressed general support for a number of SEC proposals to increase the public and regulatory reporting requirements imposed on SEC-registered investment companies. These proposals would require registered investment companies to engage in additional and more frequent reporting of portfolio holdings, allow funds to provide shareholder reports via websites and require investment advisers to provide the SEC with information about their separately managed account businesses. The ICI stated that much of the additional

Bank of England Governor and Chair of the Financial Policy Committee ("FPC") Mark Carney called for greater regulatory authority in a letter responding to Chancellor of the Exchequer George Osborne's points on the Committee's primary and secondary objectives pursuant to the Bank of England Act of 1998. Chair Carney's recommendations were a response to Chancellor of the Exchequer George Osborne's recent restatement of the objectives for the FPC under the Bank of England Act of 1998. Chair Carney stated that the FPC "seeks to ensure the financial system has the resilience to withstand stress