The SEC announced that the United States District Court for the Eastern District of Michigan entered final judgments settling fraud charges brought by the SEC in related suits against the Mayor and the City Administrator of Allen Park, Michigan. The judgments bar the defendants from participating in any municipal bond offerings and enjoin them from future violations of certain antifraud provisions of the federal securities laws. The judgement against the Mayor also imposed a civil monetary penalty. The SEC's complaints (the "Complaints") and an administrative proceeding the SEC filed against

The SEC issued a notice soliciting comments about the collection of information required by Securities Act Rule 154. In certain circumstances under the current Rule, the applicable prospectus delivery requirement is satisfied by the delivery of a single prospectus to investors who purchase securities from the same issuer and share the same address. See: 80 FR 18472.

The SEC issued a notice soliciting comments about the extension and approval of the collection of information required by Investment Company Act Rule 17f-6. The Rule currently permits registered investment companies to maintain assets (i.e., margin) with futures commission merchants in connection with commodity transactions effected on both domestic and foreign exchanges. Comments are due within 60 days of the publication of this notice. See: 80 FR 18470.

The SEC issued a notice soliciting comments about extending the collection of information required by Investment Company Act Rule 23c-1(a), which permits a closed-end fund to repurchase its securities for cash if, in addition to the other requirements set forth in the rule, certain conditions are met. Comments must be submitted to the Office of Management and Budget within 30 days of the publication of this notice. See: 80 FR 18449.

SIFMA, the Clearing House Association LLC, and the Financial Services Roundtable ("FSR") (collectively, the "Associations") submitted comments on a proposed rulemaking (the "Proposal") by the Board of Governors of the Federal Reserve System (the "FRB") that would impose additional capital requirements (the "GSIB surcharge") on global systemically important bank holding companies ("GSIBs") headquartered in the United States. The Associations voiced support for the FRB's determination that a properly structured GSIB surcharge could reduce systemic risk and that, under certain circumstances