In This Issue:
*LITIGATION
..Group Pleading Improper in CFTC Enforcement Action
..Summary Judgment on Fiduciary Duty of Disclosure Claim Vacated
*BROKER DEALER
..Historic TRACE Data to Become Available March 31
..SEC to Make Mid-Year Rate Adjustment for Exchange Act Section 31 Fees
*PRIVATE INVESTMENT FUNDS
..CFTC Chairman Testifies on OTC Derivatives Reform
..Senators Introduce PROP Trading Act Similar to “Volcker Rule” Proposal
*OTC DERIVATIVES
*CFTC
..Supreme Court Rejects Appeal of Ruling That Manager of a Feeder Fund is a Commodity Pool Operator
..CFTC Allows Funds Managed by Commonly Controlled Entities to “Designate” CPO
*INVESTMENT COMPANIES AND INVESTMENT ADVISERS
..SEC Updates Custody Rule FAQ
*BANKING
..FinCEN Issues Guidance Requiring Financial Institutions to Obtain Beneficial Ownership Information in Certain Cases
*EXECUTIVE COMPENSATION AND ERISA
..DOL Issues Proposed Rule Relating to Investment Advice in Individual Account Plans
*UK DEVELOPMENTS
..Retired Senior Trader Jailed for Insider Dealing
..FSA Publishes New Financial Penalties Framework
Please see full publication below for more information.