SIFMA announced the appointment of former three-term U.S. Senator Judd A. Gregg as CEO and the appointment of former U.S. Representative and SIFMA Acting President CEO, Kenneth E. Bentsen, Jr. as President. Click here to view announcement in full (links externally to SIFMA website).

The attached SIFMA Amicus Brief addresses whether, under the "listing theory," plaintiffs' foreign-cubed claims are within the scope of Exchange Act Section 10(b) and, thus, may be sued upon in federal court, because the securities that the foreign plaintiffs purchased on foreign exchanges also happened to be cross-listed on a U.S. exchange. Click here to view Amicus Brief (links externally to SIFMA website).

On March 25, 2013, the SEC published in the Federal Register a proposed rule, Regulation Systems Compliance and Integrity ("Regulation SCI") under the Exchange Act, for public comment. The SEC is extending the time period in which to provide the Commission with comments. Proposed Regulation SCI would apply to certain self-regulatory organizations (including registered clearing agencies), alternative trading systems ("ATSs"), plan processors, and exempt clearing agencies subject to the SEC's Automation Review Policy (collectively, "SCI entities"), and would require these SCI entities to comply

Effective May 20, 2013, ICE Futures U.S. ("IFUS") will adopt position limits, accountability levels and block trade requirements for newly listed physical environmental contracts. IFUS will also require large trader reporting for these contracts. For a complete listing of all position limits, accountability levels and reportable thresholds for Energy contracts, refer to the Position Limit, Accountability and Reportable Levels table on the ICE website. For a listing of block trade minimums for all Energy contracts, refer to the IFUS Energy Block Trade Requirements table. Click here to view

The NASAA released a report documenting the successful completion of the transfer of mid-sized investment advisers from federal to state oversight as called for by the Dodd-Frank Act. "The Switch" stemmed from Dodd-Frank Section 410 ("State and Federal responsibilities; asset threshold for Federal registration of investment"), which raised the assets-under-management threshold for state regulation of investment advisers from $25 million to $100 million. Click here to view report (links externally to NASAA website). Related News: "NASAA Report: "The IA Switch" (with Lofchie Comment)" (May 14