International Swaps and Derivatives Association April 25, 2011 ISDA released the C=C Product Eligibility Matrix that provides data on products and transaction types that will be eligible for Consent = Confirmation, a process to simplify the way parties consent to a novation of a credit derivative position.

SEC Sunshine Act Notice April 21, 2011 The SEC announced that it will hold an open meeting on Wednesday, April 27, 2011, to consider: (1) whether to propose rules (jointly with the CFTC) to define "swap," "security-based swap," "security-based swap agreement," and to regulate mixed swaps, and to set forth books and records requirements for swaps; and (2) to propose regulations to remove certain references to credit ratings in various Exchange Act rules. Cross References SEC Release No. 34-63452 (SEC-CFTC proposal to define certain entity-related terms under Title VII)

FINRA News Release April 19, 2011 FINRA announced that it has indefinitely suspended a Texas-based broker-dealer and its president for failing to comply with a FINRA temporary cease-and-desist order regarding fraudulent misrepresentations in connection with the sale of certain oil and gas joint interests. Cross References FINRA Interim SuspensionFINRA Temporary Cease-and-Desist Order

SEC Press Release No. 2011-94 April 20, 2011 The SEC announced that it has named Julius Leiman-Carbia as an Associate Director in its Office of Compliance Inspections and Examinations (OCIE) to lead the SEC's National Broker-Dealer Examination Program. Mr. Leiman-Carbia, who currently serves as a compliance officer for BP Energy Company, will succeed Mary Ann Gadziala.

SR-FINRA-2011-018 April 19, 2011 FINRA submitted to the SEC a proposal to adopt NASD Rule 2830 as FINRA Rule 2341, with significant changes. Rule 2830 generally limits the sales charges that may be paid to broker-dealers in connection with the distribution of investment company securities. Among other things, the FINRA proposal would amend the rule by (1) requiring firms to make new disclosures to investors on cash compensation arrangements; (2) amending the recordkeeping requirements relating to non-cash compensation; (3) eliminating a condition regarding discounted sales of investment