In this issue:

*BROKER DEALER

..FINRA to Require Firms to Designate a Super Account Administrator

..CBOE and CHX Amend Rules to Prohibit Broker Discretionary Voting on Director Elections and Other Matters

*CFTC

..CFTC Denies Relief from Customer Account Identification Requirement at Time of Order Entry

*INVESTMENT COMPANIES AND INVESTMENT ADVISERS

..SEC Initiates Review on Use of Derivatives by Investment Companies

*LITIGATION

..State Law Governs Determination of Whether Non-Signatory Can Be Compelled to Arbitrate

..Federal Court Denies Preliminary Injunction to Enforce Restrictive Covenants

*EXECUTIVE COMPENSATION AND ERISA

..Health Reform Legislation Affects Large and Small Employers

*UK DEVELOPMENTS

..Government Announces 2010/2011 Tax Proposals and Budget

Please see full article below for more information.