FINRA Reg. Notice 12-18 FINRA is requesting comment on proposed new rules that would permit persons who are the "subject of" allegations of sales practice violations made in arbitration claims, but who are not named as parties to the arbitration (unnamed persons), to seek expungement relief by initiating In re expungement proceedings at the conclusion of the underlying customer-initiated arbitration case. These allegations must be reported in the same way that customer complaints are reported-to the Central Registration Depository (CRDreg;) system on Forms U4 or U5. Currently, the Code of

View the bill in full here. The JOBS Act is effective immediately. Reopening American Capital Markets to Emerging Growth Companies Act of 2011: House Report 112-406; House Report 112-406 Part 2.

Andrey C. Hicks; IA-3388 Date: 04/03/2012 Locust Offshore Management, LLC; IA-3389 Date: 04/03/2012 Kenneth E. Marsh, Baldwin Anderson, Robert Anthony Budion, Jeanne M. Lada, and James T. Levier; IA-3391 Date: 04/04/2012

77 FR 20536 The SEC is adopting exemptions under the Securities Act, the Exchange Act, and the Trust Indenture Act for certain security-based swaps issued by clearing agencies. The final rules exempt transactions by clearing agencies in such security-based swaps from all provisions of the Securities Act, other than the Section 17(a) anti-fraud provisions, as well as exempt these security-based swaps from Exchange Act registration requirements and from the provisions of the Trust Indenture Act. Effective Date: April 16, 2012 Cross References: Proposed Rule Release No. 33-9222; Dodd-Frank Title

See: 77 FR 20128 The CFTC is adopting regulations to implement certain provisions of Title VII of the Dodd-Frank Act. These regulations set forth reporting and recordkeeping requirements and daily trading records requirements for swap dealers (SDs) and major swap participants (MSPs). These regulations also set forth certain duties imposed upon SDs and MSPs registered with the CFTC with regard to: risk management procedures; monitoring of trading to prevent violations of applicable position limits; diligent supervision; business continuity and disaster recovery; disclosure and the ability of