The CFTC Division of Market Oversight ("DMO") published the results of a rule enforcement review of ICE Futures U.S. ("ICE"). The DMO assessed ICE's market surveillance program's compliance with elements of Core Principles 4 and 5, as outlined in CEA Section 5(d) ("Designation of Boards of Trade as Contract Markets"), regarding the prevention of market disruption and position limits or accountability. The DMO found that ICE has "appropriate tools for monitoring daily trading activity and large trader positions," and that ICE has "adequate" procedures for monitoring the deliverable supply of

In a new court filing on July 16, 2014, the SEC disclosed that it expanded an insider trading investigation into the U.S. House Committee on Ways and Means, as well as a top staffer, to include forty-four (44) investment funds and other entities. The 44 investment funds are all clients of Height Securities LLC, a research firm that allegedly sent its clients an e-mail outlining a change in government health-care policy shortly before the government announced the change. See: SEC Opposition to Motion to Dismiss.

The SEC is soliciting public comment on the proposed collection of certain information regarding whistleblower submissions. Generally, the SEC is seeking comment on: whether the proposed collection of information is necessary for the proper performance of the functions of the SEC, including whether the information will have practical applicability; the accuracy of the SEC's estimate of the burden of the proposed collection of information; ways to enhance the quality, usefulness and clarity of the information to be collected; and ways to minimize the burden of the collection of information on

In response to the June 23, 2014 order from the U.S. District Court for the District of Columbia (the "Court"), the CFTC, as well as SIFMA, ISDA and the Institute of International Bankers (the "Associations"), submitted supplemental briefs to the Court regarding (i) shareholder standing and (ii) interpretive rules in the lawsuit against the CFTC's Cross-Border Guidance. According to the Associations' supplemental brief, an association has standing to challenge government action "when at least one of its members has standing, the interests it seeks to protect are germane to the organization's

CFTC Commissioner Scott O'Malia sent a letter to President Obama announcing his resignation from the CFTC, effective August 8, 2014. In the letter, Commissioner O'Malia expressed gratitude for the opportunity to serve during "extensive deliberations" on the implementation of Dodd-Frank. He noted that, while he did not support all 63 rules, he is pleased with his contributions and glad that he was able to encourage the CFTC to be mindful of negative policy outcomes. He also stated that, while he found his time at the CFTC to be "professionally fulfilling," it was time for him to "pursue other