The House Financial Services Subcommittee on Oversight and Investigations held a hearing titled "Allegations of Discrimination and Retaliation within the Consumer Financial Protection Bureau" which examined allegations of employee discrimination and retaliation at the CFPB. See: Archived Webcast of Hearing; Hearing Memorandum; House Financial Services Press Release.

The Honorable Roslynn R. Mauskopf of the United States District Court for the Eastern District of New York sentenced Fredrick D. Scott to 63 months' imprisonment for conspiracy to commit wire fraud and making a false statement to SEC staff. In September 2013, the SEC filed a civil injunctive action against Scott, alleging that he used his status as a registered investment adviser to bolster his credibility in fraudulently offering too-good-to-be-true investment opportunities. The SEC's complaint further alleged that Scott filed a false Form ADV and aided and abetted his firm's improper

The House Appropriations Subcommittee on Financial Services and General Government held a budget hearing for the SEC. The hearing focused on the President's FY 2015 Budget Proposal for the SEC. The sole witness, SEC Chair White, discussed her request for funding and how that tied in with various SEC priorities, such as rulemaking with respect to Dodd-Frank and the JOBS Act, a review of Regulation NMS, more examinations of investment advisers and enforcement. Click here to view a summary of the hearing from Delta Strategy Group. Related news: SEC Chair White Highlights High-Frequency Trading in

Senator David Vitter (R-LA) published an open letter to Sharon Bowen, CFTC nominee and acting Chair of the Securities Investor Protection Corporation ("SIPC"), regarding her involvement in SIPC's decision not to hold another vote on whether to extend the SIPC's funds to compensate investors who lost money in the Stanford Ponzi scheme. In his March 28 letter, Senator Vitter outlined a series of questions to Bowen involving her decision not to take a new vote on the issue. The questions included the following: "Are you aware of the [SIPC] Board of Directors' mandate under [SIPA] to represent the

ICE Futures Europe ("IFEU"), the Tokyo Stock Exchange ("TSE") and Osaka Securities Exchange Co., Ltd ("OSE") submitted letters to notify the SEC of their intent to rely on the class no-action relief, issued by the SEC's Division of Trading and Markets, permitting non-U.S. options exchanges and their members to familiarize eligible broker-dealers and QIBs with equity and index options traded on non-U.S. options exchanges. In the class relief, the Division of Trading and Markets stated that it would not recommend enforcement action against non-U.S. options exchanges and their members that