The CFTC announced that it is seeking public comment on a petition submitted by ASX Clear (Futures) Pty Limited, an Australian entity ("ASX Clear"), for exemption from registration as a derivatives clearing organization. Comments should be submitted no later than June 17, 2015. See: CFTC Press Release.

Massachusetts Senator Elizabeth Warren issued a public letter blasting SEC Chair White for a variety of asserted failings, including (i) not finalizing the rule required by Dodd-Frank that requires issuers to disclose the ratio of a CEO's pay to that of the median worker, (ii) granting waivers from various securities law violations for firms that have been sanctioned for various violations, (iii) settling cases without requiring the settling party to plead guilty; and (iv) being required to recuse herself from numerous cases because of her prior employment at a "Wall Street defense firm" and

SIFMA, The Clearing House Association L.L.C., the American Bankers Association ("ABA") and the ABA Securities Association (together, the "Associations") provided comments to multiple U.S. regulators regarding the proposed margin and capital requirements for covered swap entities. The letter, which was sent to the Board of Governors of the Federal Reserve System, the Federal Housing Finance Agency, the Office of the Comptroller of the Currency, the Farm Credit Administration, the Federal Deposit Insurance Corporation, the CFTC and the SEC (collectively, the "Regulators"), recommends

The NFA issued separate enforcement actions against three firms. McElhannon Group. The NFA charged McElhannon Group and its principal with failing to cooperate promptly and fully with the NFA during the course of its examination and investigation of the firm and with using false and misleading promotional material. RNS Holding Group. The NFA charged RNS Holding Group and its owner with failing to uphold "high standards of commercial honor" by inter alia violating NFA Compliance Rule C.R.2-45, which prohibits loans by commodity pools to CPOs and affiliated entities. Grace Financial Group. The

The NFA's Board of Directors ("Board") unanimously approved amendments to the NFA's Articles of Incorporation. The amendments would reduce the size of the Board, eliminate special voting rules for Board actions, allow the non-member nomination of Public Directors and move the Director removal provisions to the Articles of Incorporation, among other things. While the NFA's Board approved the amendments, the amendments also require the affirmative vote of a majority of those members actually voting in each member category – Contract Market, FCM/IB, CPO/CTA and SD/MSP/RFED. All ballots must be