The CFTC announced the revocation of the registrations of Chicago Trading Managers LLC ("CT Managers"). CT Managers had been registered with the CFTC as a CPO and CTA. On December 27, 2013, CFTC Judgment Officer Philip V. McGuire issued a decision against CT Managers, finding that it was statutorily disqualified from CFTC registration based on a default judgment and permanent injunction order entered by the U.S. District Court for the Southern District of New York on May 15, 2013. Additionally, the default judgment ordered CT Managers to pay a civil monetary penalty of $1.4 million jointly and

SEC Commissioner Luis Aguilar delivered remarks concerning the problem of elderly financial abuse, as well as regulatory initiatives that the SEC is taking to safeguard retirement assets, before the American Retirement Initiative's Winter 2014 Summit. Commissioner Aguilar stated that the SEC is taking the following steps (among others): strengthening its examination programs, partnering with other regulators, and sponsoring events that are designed to address issues which are important to senior investors. See : Text of Commissioner Aguilar's Speech.

The U.S. Chamber of Commerce (the "Chamber") submitted an amicus brief in support of the ISDA, SIFMA and the Institute of International Bankers' ("IIB") (together, the "Associations") motion for summary judgment in the case filed against the CFTC's Interpretive Guidance and Policy Statement Regarding Compliance with Certain Swap Regulations (the "Cross-Border Rule"). According to the Chamber's amicus brief, the CFTC Cross-Border rule reflects a troubling pattern of administrative agencies' labeling their regulations as "policy statements" or "guidance" to circumvent the procedural requirements

On December 2, 2013, FINRA filed with the SEC a proposed rule change to add a new entrant to the Alternative Display Facility. The SEC received no comments on the proposal. This order approved the proposed rule change. As previously reported, ADF is a quotation collection and trade reporting facility that provides ADF Market Participants with the ability to (i) post quotations, (ii) display orders, (iii) view real-time data, including enforcement requirements from the SEC, and (iv) report transactions in national market system ("NMS") stocks for submissions to the Securities Information

The SEC published for public comment its Draft Strategic Plan, which outlines the agency's mission, vision, values, major initiatives, performance metrics and strategic goals for fiscal years 2014 to 2018. The draft of the plan establishes four primary strategic goals (though these are at a high level of generality), which are as follows: to establish and maintain an effective regulatory environment; to foster and enforce compliance with federal securities laws; to facilitate access to the information that investors need to make informed investment decisions; and to enhance the SEC's