In this issue:

- SEC Division of Corporation Finance Issues 14 New C&DIs Relating to “Bad Actor” Rules

- NASDAQ Proposes Change to Listing Rules Regarding Compensation Committee Independence

- FINRA Issues New Rules on Securities Borrowing, Customer Protection and Callable Securities

- Trade Associations File Lawsuit Over CFTC’s Cross-Border Guidance

- CFTC Delays Transaction-Level Requirements for Certain Non-US SD Transactions

- CFTC Open Meeting on Proprietary Trading and Block Trading

- NFA Issues Guidance on Affirmation Process for CPO and CTA Exemptions and Exclusions

- Delaware Supreme Court Defines Unexhausted Insurance Policies as Property of Dissolved Corporations

- District Court Denies Class Certification For Text Message Recipients Where Issue of Consent Predominate

- Gruss v. Zwirn: SDNY Strikes a Blow Against Selective Waiver

- Three Financial Regulators Set Volcker Rule Meeting Date

- FinCEN Issues Advisory on Jurisdictions with AML/CFT Deficiencies

- Excerpt from: FinCEN Issues Advisory on Jurisdictions with AML/CFT Deficiencies -

The Financial Crimes Enforcement Network (FinCEN) on December 4 issued an advisory to financial institutions based on the Financial Action Task Force’s updated lists of jurisdictions with strategic anti-money laundering and counter-terrorist financing deficiencies. These changes affect US financial institutions’ obligations and risk-based approaches with respect to relevant jurisdictions.