The NFA Board of Directors elected Maureen C. Downs, an advisor for Phillip Capital, Inc. to serve as Chair for a one-year term.

SEC Office of Credit Ratings Director Jessica Kane highlighted developments in the regulation of nationally recognized statistical rating organizations and solicited feedback on current disclosure obligations.

The SEC issued a statement on the passing of former SEC Chair David S. Ruder.

A broker-dealer settled FINRA charges for registration failures involving two foreign affiliate firm employees who conducted transactions in proprietary trading accounts.