CFTC Commissioner Bart Chilton released ten principles today to help guide the Commission as it moves into a more transparent Dodd-Frank regulatory regime. Each principle is highlighted below. The right to reasonable Dodd-Frank implementation. While noting the need for Dodd-Frank to be swiftly implemented, Chilton stated that he would extend the Dodd-Frank compliance date for end-users to October 31, 2013, provided they made good faith attempts to comply. The right to legal certainty. Chilton noted the importance of providing end-users and other market participants legal certainty well in

The Australian Securities and Investments Commission ("ASIC") released a consultation paper and a report examining the impact of dark liquidity and high-frequency trading on Australia's financial markets. The documents focus on the quality of the market for capital raising and long-term investment. The dark liquidity task-force was set up in response to concerns about its impact on market efficiency and quality; the high-frequency trading task-force addressed concerns about disorderliness and unfairness. While the task-force did not find systematic manipulation or abuse of markets by high

The SEC has announced its agenda for the forthcoming Investor Advisory Committee Meeting.

The MSRB announced that it will host an educational webinar on May 7, 2013, about using MyEMMA, a free tool that provides customized access to municipal securities information available on the Electronic Municipal Market Access ("EMMA") website. According to the MSRB announcement, MyEMMA is intended to assist users of the EMMA website in managing the volume of information and data added to EMMA each day through customized alerts when new information becomes available for a particular security or group of securities. MyEMMA also enables users to save frequently used sets of advanced search

SIFMA submitted the attached comments (mostly criticisms) to FINRA on its proposal regarding markups, commissions and fees (FINRA Reg. Notice 13-07). SIFMA noted that it remains concerned that the proposed service fee schedule for retail investors presents unnecessary burdens and application difficulties while offering very little new information not already available to retail customers. In addition, SIFMA expressed concerns that the introduction of certain new terms and requirements risks confusion. SIFMA also criticized numerous aspects of the proposal, including the application of the