Senators Jeff Merkley (D-OR), Raphael Warnock (D-GA) and Sherrod Brown (D-OH) introduced a bill - the "Ban Conflicted Trading Act" - that would prohibit members of Congress from trading (including short-selling) securities, commodities and futures.
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NFA approved the adoption of a new interpretive notice to
Compliance Rules 2-9 ( Supervision ) and 2-36 ( Requirements for Forex
Transactions ) that requires CFTC-registered firms that
outsource regulatory obligations to implement a written supervisory
framework governing the outsourcing arrangements.
NFA stated that firms should tailor their written supervisory
frameworks to their specific business activities, and should
address the following areas:
Initial Risk Assessment. A firm should
determine the appropriateness of outsourcing a particular
regulatory function, including the third-party provider s
security with regard to confidential, personally identifying
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U.S. House Financial Services Committee Ranking Member Patrick
McHenry (R-NC) and Subcommittee on Investor Protection,
Entrepreneurship and Capital Markets Ranking Member Bill Huizenga
(R-MI) reintroduced the Protecting
Retirement Savers and Everyday Investors Act, a bill that
would block states from imposing financial transaction taxes
( FTTs ) on, among other securities industry
participants, stock exchanges and broker-dealers.
Certain states have proposed taxes on securities transactions
(see previous coverage on New York State s
proposed Stock Transfer Tax), and analysts have commented that
taxes imposed in one state would apply to investors in other states