The CFTC alleged that the FCM had failed to diligently supervise the handling of a customer's commodity interest accounts. The Order found that the FCM had failed to aggregate a customer's multiple trading accounts held at the FCM when calculating that customer's feeder cattle futures speculative positions traded on the CME. Additionally, the Order stated that the FCM had relied on a faulty back-office software program which incorrectly calculated the aggregate futures equivalent net positions. The same faulty software was also used to identify potential speculative limit violations of its

The CFTC approved the application of INFX SEF Inc. for temporary registration as a swap execution facility ("SEF") pursuant to CEA Section 5h ("Swap Execution Facilities") and CFTC Rule 37.3(c). See : CFTC Letter to INFX SEF; CFTC Press Release. Related News : CFTC Issues Notice of Temporary SEF Registration to 360 Trading Networks Inc. (September 23, 2013) CFTC Issues Notice of Temporary SEF Registration to Javelin SEF, LLC and BGC Derivative Markets, L.P. (September 19, 2013) CFTC Issues Notice of Temporary Registration as SEFs to SwapEx, LLC, GFI Swaps Exchange LLC, and MarketAxess SEF Corp

The SEC extended temporary Exchange Act Rule 15Ba2-6T ("Temporary Registration as a Municipal Advisor; Required Amendments; and Withdrawal from Temporary Registration") so that the rule will sunset on December 31, 2014 (rather than September 20, 2013). Temporary registrations under the rule will expire on this date. See: Text of Final Rule Extension.

The SEC Office of Investor Education and Advocacy issued an Investor Alert to individual investors regarding advertisements and announcements for investment opportunities in certain securities offerings. The warning was issued in anticipation of increased general advertising of securities as permitted by the JOBS Act. The rules permitting general advertising take effect on September 23. See: SEC Investor Alert. See also: Cadwalader C&F Memo: JOBS Act Rules on General Sales and General Advertising (with Lofchie Comment) (August 13, 2013); SEC Publishes Final Rule Amendments to Rule 506 and Rule

The SEC published a small entity compliance guide that is intended to summarize and explain the disqualification of felons and other "bad actors" from Securities Act Regulation D Rule 506 ("Exemption for Limited Offers and Sales without Regard to Dollar Amount of Offering") offerings and related disclosure requirements. The compliance guide is divided into seven parts, including: Summary of Rule 506 Bad Actor Disqualification and Disclosure Requirements; Covered Persons; Disqualifying Events; Reasonable Care Exception; Waivers; Disclosure of Preexisting Disqualifying Events; and Transition