The CFTC issued an Order simultaneously filing and settling charges against a CFTC-registered retail foreign exchange dealer ("RFED") and futures commission merchant ("FCM") for failing to meet the minimum financial requirements for RFEDs and FCMs, to supervise its employees and to comply with a prior CFTC administrative order. The CFTC found that the firm had violated the prior Order by being undercapitalized for 41 days between September and December of 2013. Additionally, the recent CFTC Order found, the firm was undercapitalized during another period of 96 days and violated CFTC minimum

The CFTC issued an Order simultaneously filing and settling charges against a father and his son for exceeding the spot-month speculative position limit for live cattle futures contracts traded on the Chicago Mercantile Exchange ("CME"). See: CFTC Order; CFTC Press Release.

The SEC's adoption of revisions to Regulation AB and other rules governing the offering process, disclosure and reporting for asset-backed securities ("ABS") was published in the Federal Register. The final rules require that, with some exceptions, prospectuses for public offerings under the Securities Act, and ongoing reports under the Exchange Act, of ABS backed by real estate assets, auto-related assets or debt securities, contain specified asset-level information about each of the assets in the pool. Additionally, the SEC adopted (i) rules to revise filing deadlines for ABS offerings to

The SEC issued an order to the NASDAQ Stock Market LLC ("NASDAQ") granting an extension of the limited exemption from Rule 612 ("Minimum Pricing Increment") of Regulation NMS in connection with the operation of NASDAQ's Retail Price Improvement Program. On February 15, 2013, the SEC granted a limited exemption to NASDAQ concurrent with the approval of NASDAQ's proposal to adopt the Retail Price Improvement Program. Both the pilot program and the exemption are scheduled to expire on September 30, 2014. For that reason, the limited exemption was extended until December 31, 2014, and allows

The Singapore Ministry of Finance, the Monetary Authority of Singapore and the Inland Revenue Authority of Singapore proposed regulations to implement the terms of an Intergovernmental Agreement ("IGA") with the United States with respect to FATCA. Singapore has agreed in substance to the terms of a Model 1 form of IGA with the United States, but the parties have not yet signed the Agreement or released a copy of the terms of such Agreement. Singapore announced that the IGA would be signed in the fourth quarter of 2014. The draft regulations set out due diligence and reporting obligations with