In this issue:

- FINRA Requests Comment on Proposed Rule Set for Limited Corporate Financing Brokers

- SEC Issues No-Action Relief to Broker Dealers from Financial Responsibility Rule 15c3-3 Amendments

- CFTC Reissues FAQ on Commodity Options

- CFTC to Host Roundtable on End-Users

- District Court Grants Preliminary Approval of Settlement in Merger Case

- US Court of Appeals for the Eleventh Circuit Upholds Fraud Penalties for Ex-GlobeTel Executives

- Excerpt from US Court of Appeals for the Eleventh Circuit Upholds Fraud Penalties for Ex-GlobeTel Executives:

The US Court of Appeals for the Eleventh Circuit recently upheld a summary judgment decision granted in favor of the US Securities and Exchange Commission against three former GlobeTel Communications Corp. (GlobeTel) employees for their participation in a scheme to report over $100 million in fictitious revenue. In addition, the court affirmed an award of $1.9 million in disgorgement and civil penalties entered against the GlobeTel executives.