The Municipal Securities Rulemaking Board ("MSRB") announced that it will conduct an electronic survey of registered municipal advisors to assess the business activity of municipal professionals. The MSRB stated that the survey will be distributed to the designated regulatory contact for the MSRB at registered municipal advisory firms, and will run from June 16, 2014 to early July 2014. Additionally, the MSRB will host a webinar on June 18, 2014 to provide detailed instructions on how to complete the survey. See: Press Release.

Linked below are comments and reactions from Congressional Representatives, industry stakeholders and trade associations regarding the new Commissioners at the CFTC. Chairman Mark P. Wetjen's statement; Chairman of the House Agriculture Committee Frank Lucas's (R-OK) statement; Chairwoman of the U.S. Senate Committee on Agriculture, Nutrition and Forestry Debbie Stabenow's statement; FIA CEO Walt Lukken's statement; SIFMA President and CEO Kenneth E. Bentsen's statement; CME Group's statement. Related news: New Commissioners at the CFTC (June 3, 2014); Senate Agricultural Committee Approves

FINRA censured and fined Barclays Capital Inc., Goldman, Sachs Co. and Merrill Lynch, Pierce, Fenner Smith, Inc. for failing to provide complete and accurate information about trades, commonly known as "blue sheet" data, to FINRA and other regulators. FINRA found that the firms' submissions failed to include certain customers' names, contact information and transactions. In addition, FINRA found that the erroneous submissions contained incorrect name and contact information for some customers, and inaccurate details for some of the transactions. According to the press release, the violations

The approved FINRA proposal to adopt FINRA Rule 4553 ("Alternative Trading Systems-Trading Information for Securities Executed within the Alternative Trading System") in order to establish a fee schedule for alternative trading system ("ATS") volume information was published in the Federal Register. The new rule requires an ATS to report volume information and number of trades regarding securities transactions within the ATS to FINRA on a weekly basis. Additionally, the proposal amends FINRA Rules 6160 ("Multiple MPIDs for Trade Reporting Facility Participants"), 6170 ("Primary and Additional

Federal bank regulatory agencies, including the Federal Financial Institutions Examination Council, the Office of the Comptroller of the Currency, the FDIC and the Board of Governors of the Federal Reserve System, published the first in a series of requests for comment to identify outdated, unnecessary, or unduly burdensome regulations imposed on insured depository institutions. This request is part of the periodic review of regulations mandated by the Economic Growth and Regulatory Paperwork Reduction Act of 1996. The notice seeks comment on regulations from three categories: Applications and