The CFTC announced the revocation of the registration of Prestige Capital Advisors, LLC ("Prestige") as a commodity trading advisor ("CTA"). On January 2, 2014, the CFTC Judgment Officer issued an Initial Decision on Default against Prestige, finding that it was statutorily disqualified from CFTC registration. On February 3, 2014, the Judgment Officer's Initial Decision became the Order of the CFTC. The District Court's Orders found that, among other things, Prestige: fraudulently solicited and accepted more than $4.7 million from multiple pool participants for investment in one or more

The National Futures Association ("NFA") issued a notice stating that it is implementing new reporting requirements effective February 28, 2014. Under the new requirements, Forex Dealer Members ("FDMs") must report certain specified information to the NFA on a monthly or quarterly basis through FOREX reports, which should be submitted through EasyFile.The NFA stated that the first monthly report is due on March 25, 2014, and will require the following information for the month of February or as of February 28, 2014: entities where house commodity trading accounts were held and the number of

The CME Group announced the names of a slate of candidates in an election for its Board of Directors, which will take place at the company's annual meeting on Wednesday, May 21, 2014.

FINRA filed with the SEC a proposed rule change to amend the Customer and Industry Codes of Arbitration Procedure. The amendments provide that any document that a party files with FINRA which contains an individual's Social Security number, taxpayer identification number or financial account number must be redacted to include only the last four digits of any of these numbers. FINRA noted that the proposed amendments would only apply to documents filed with FINRA, not documents that parties exchange with each other or submit to the arbitrators at a hearing on the merits. See: Text of Proposed

The SEC announced that, starting on March 18, 2014, the fee rates applicable to most securities transactions will be set at $22.10 per million dollars. The assessment on security futures transactions will remain unchanged at $0.0042 for each round turn transaction. According to the SEC, the new rates were determined in accordance with Exchange Act Section 31 ("Transaction Fees"). The adjustments do not directly affect the amount of funding available to the SEC. See: SEC Order; SEC Press Release.