The Federal Energy Regulatory Commission ("FERC") issued a final environmental impact statement ("EIS") for the Algonquin Incremental Market Project. The project, which was proposed by Algonquin Gas Transmission, would involve construction on 37.4 miles of pipeline in New York, Connecticut, and Massachusetts. The project would also provide firm transportation service of 342,000 dekatherms per day of natural gas to local distribution companies and municipal utilities in Connecticut, Rhode Island, and Massachusetts. FERC concluded that construction and operation of the project would result in

The CFTC Division of Swap Dealer and Intermediary Oversight issued no-action relief to certain introducing brokers ("IBs") with respect to net capital and financial reporting requirements under CFTC Rule 1.10 ("Financial Reports of Futures Commission Merchants and Introducing Brokers") and Rule 1.17 ("Minimum Financial Requirements for Futures Commission Merchants and Introducing Brokers"). The conditioned relief permits foreign-domiciled IBs to file audited and unaudited form 1-FR-IBs, as applicable, using local accounting principles in effect where the IB is domiciled in lieu of U.S

The CFTC announced it has issued separate Orders of Registration to two foreign boards of trade ("FBOTs"): Bursa Malaysia Derivatives Berhad and the Singapore Exchange Derivatives Trading Limited. Under the Order, the FBOTs are permitted to provide their identified members or other participants located in the United States with direct access to its electronic order entry and trade matching system to trade various futures and options contracts. The CFTC issued the Orders in accordance with Part 48 ("Registration of Foreign Boards of Trade") of its rules, which provides that such an Order may be

The SEC announced charges against two data analysts for engaging in insider trading on the basis of material and nonpublic information about the sales of predominantly consumer retail corporations. The data analysts were employed by a large credit card issuer during the time in which they engaged in the illegal trading. The SEC alleged that the employees were tasked with investigating fraudulent credit card activity. According to the SEC, the employees searched their employer's nonpublic database for information that had no relation to their employment duties. This allowed them to view and

The House Financial Services Committee (the "Committee") voted unanimously to adopt Chair Hensarling's proposed oversight plan for the 114th Congress. The plan involves particular areas in which the Committee and its subcommittees expect to conduct oversight during this Congressional term, and also addresses the laws, programs and agencies within the Committee's jurisdiction. Specifically, it addresses the oversight of issues related to financial institutions, capital markets, securities, government-sponsored enterprises, housing, insurance, international finance, the economy, domestic