Chairman Gensler's testimony focused on: the failures and oversight of MF Global and Peregrine Financial; CFTC customer protection reforms to date and forthcoming reforms; CFTC restructuring regarding the oversight of SROs and intermediaries; and Gensler wanting to increase the CFTC's budget. Commissioner Sommers testimony focused on a description of the bankruptcy procedures: bankruptcy proceedings for firms that are dually registered as broker-dealers and FCMs; coordination of the CFTC with the SIPA trustee in charge of the broker-dealer bankruptcy; current CFTC protections for customer

The OCC, the Federal Reserve Board, and the FDIC recently issued updated host state loan-to-deposit ratios that the agencies use to determine compliance with section 109 of the Interstate Act, which, generally speaking, prohibits any bank from establishing or acquiring a branch or branches outside of its home state primarily for the purpose of deposit production. Additional Materials: Section 109 Host State Loan-to-Deposit Ratios

This Order bars Matthew J. Gagnon (Gagnon) from association with any broker or dealer for committing bad deeds. [SL Comment: The interesting item in the case was that the Administrative Law Judge declined to impose any penalties that would have been permitted under Dodd-Frank against Gagnon as his misdeeds had predated the effectiveness of Dodd-Frank.] Cross-Reference(s): SEA Sec 10(b), 15(a), 15(b); SEA Rule 10b-5; 17 CFR Sec. 201.155(a), 201.220(f), 201.323; Securities Act Sec 5(a), 5(c), 17(a), 17(b). View in full here (links externally to SEC website).

This Order revokes the registrations of the registered securities of Alternative Energy Sources, Inc., Arlington Hospitality, Inc., Consolidated Oil Gas, Inc., CSMG Technologies, Inc., CytoGenix, Inc., Dakotah, Incorporated, and DelSite, Inc. (collectively, Respondents). The revocations are based on Respondents' repeated failure to file required periodic reports with the SEC. Cross-Reference(s): Exchange Act Sections 12(g), 12(j), 13(a); Exchange Act Rule 15c2-11(f)(3); 17 CFR Sec 201.141(a)(2)(ii), 201.220, 201.323, 201.155(a). View action in full here (links externally to SEC website).

Administrative action against Respondents Redcell Power Corp., Regency Property Group, Inc. (f/k/a Island Residences Club, Inc.), Riddle Records, Inc., Wareforce.com, Inc., and Whistler, Inc. pursuant to Section 12(j) of the Exchange Act. Cross-Reference(s): SEA Sec 12(g), 12(j), 13(a); 17 CFR Sec 201.220(b), 201.220(f), 201.221(f), 201.310, 201.360(a)(2), 201.155(a). View in full h ere (links externally to PDF).