FINRA filed a proposed rule change with the SEC to revise the operative date for the deletion of FINRA Rule 7740 ("Historical Research and Administrative Reports") pursuant to SR-FINRA-2014-032. See : Text of Proposed Rule Change.

The CFTC charged a former risk management consultant and associated person of a registered futures commission merchant and provisionally registered swap dealer with fraud and unauthorized trading. The CFTC's civil complaint alleged that, on behalf of the firm, the former consultant intentionally entered into thirty bilateral swap transactions with a customer but without the customer's consent. According to the CFTC, the former consultant engaged in these unauthorized swap transactions in order to conceal trading losses from his customers and the firm. See: CFTC Complaint; CFTC Press Release.

The CFTC announced that the Global Market Advisory Committee will hold a public meeting on October 9, 2014 at the CFTC headquarters in Washington, D.C. to discuss issues related to non-deliverable forwards ("NDFs") and bitcoins. The meeting will feature two panels, the first of which will discuss whether a clearing mandate is appropriate for NDFs, with a particular focus on how such a mandate would affect foreign exchange contracts. The second panel will discuss the CFTC's jurisdiction with respect to derivatives contracts that reference bitcoin. See: CFTC Press Release.

The CME group entities issued disciplinary actions against a firm for violations of the rules of two of its exchanges relating to position change data and concurrent long and short positions. In CBOT 12-9037-BC, the CME imposed a total fine of $35,000 against the firm for submitting position adjustments to open interest in the August 2012 Soybean and May 2013 Soybean Oil futures contracts, resulting in the overstatement of open interest in violation of COMEX Rule 854.B. Additionally, the CME found that the firm reported inaccurate open interest positions in a June 2013 swap contract, resulting

The Asset Management Group of SIFMA ("SIFMA AMG") and the Association of Institutional Investors submitted a letter to the U.S. Treasury Department in response to the Financial Stability Oversight Council's ("FSOC") conference on asset management. The letter provided a summary of statements by academic and industry experts regarding asset management and its potential impact on the U.S. financial system. The letter noted, among other things, the following three key themes: the ways in which fundamental attributes of the asset management business significantly reduce the potential for it to