In this issue;

- FINRA Best Execution and Interpositioning Rule Effective May 31, 2012

- SEC and CFTC Propose Rules on Identity Theft Detection and Prevention

- Member of LLC Not an Employer Under the Fair Labor Standards Act

- Enron Auditors May Still Face Disciplinary Actions

- Federal Reserve Extends Comment Deadline For Enhanced Prudential Standards and Remediation Proposed Regulations

- Federal Reserve Issues Guidance On Upgrades for Supervisory Ratings

- FDIC Issues Guide for Consumers

- Volcker Rule Will Not Be Ready On Time

- FinCEN Seeks To Strengthen Customer Due Diligence Requirements

- Federal Reserve Releases Action Plans To Correct Bank Mortgage Lending Deficiencies

- EEOC Issues ADA Guidance for Employers on the Rights of Veterans with Disabilities

Please see full newsletter below for more information.