FINRA filed with the SEC proposed amendments to the security futures risk disclosure statement (the "Statement"). The original Statement was approved by the SEC in 2002, and the first supplement to the Statement was added in 2010. FINRA is proposing a second supplement to the Statement to accommodate proposed changes by OneChicago, LLC to list a product with a physical delivery settlement cycle shorter than three business days. The proposed supplement discloses that settlement by physical delivery may be effected on a time-frame shorter than three business days based on the rules of the

FINRA released the third podcast in a five-part series providing an overview of FINRA's 2014 examination priorities. The primary focus of the podcast is on FINRA's additional business conduct priorities. Specifically, it addresses areas of business conduct that include: Anti-money Laundering ("AML"): FINRA noted that one emerging trend relates to executing broker-dealers liquidating large volumes of low-priced securities. Due to the nature of the DVP/RVP customer relationship with the executing broker, FINRA found that the source of such low-priced securities is often masked unless the

FINRA issued two notices as part of an initiative to conduct retrospective rule reviews on an ongoing basis. FINRA requested comments on the effectiveness and efficiency of its (i) communications with the public rules and (ii) gifts, gratuities and non-cash compensation rules. According to FINRA, the review process will consist of an assessment of the efficacy and efficiency of the rule or rule set, followed by an action phase to determine whether the findings report recommends modification of the rule or rule set. In Regulatory Notice 14-14, FINRA identified the communications with the public

The SEC Division of Corporation Finance updated its frequently asked questions regarding Exchange Act Section 13(p), Rule 13p-1 and Form SD relating to disclosure regarding the use of conflict minerals. The updates are to questions 13 to 21. See: SEC FAQ on Conflict Minerals. Related news: Dodd-Frank FAQs: (i) Conflict Minerals and (ii) Disclosure of Payments by Resource Extraction Issuers (May 30, 2013).

The Asset Management Group of SIFMA ("SIFMA AMG") submitted a comment letter to the SEC and the Financial Stability Board ("FSB") regarding the recently released FSB-IOSCO joint consultative document, Assessment Methodologies for Identifying Non-Bank Non-Insurer Global Systemically Important Financial Institutions (January 2014), and the Treasury Office of Financial Research's ("OFR") Study on Asset Management and Financial Stability (September 2013). This comment letter summarizes the process undertaken and the findings of the survey. In the letter, SIFMA AMG encouraged its members and other