Forex Capital Markets, LLC ("FXCM"), FXCM Holdings, LLC, and two founding partners of FXCM were ordered to pay a $7 million civil monetary penalty for defrauding retail foreign exchange customers. FXCM and its founders agreed to withdraw from CFTC registration and were permanently barred from NFA membership.

The SEC requested industry feedback on the pay ratio disclosure rule. The request is in response to unanticipated compliance difficulties reported by issuers. SEC Acting Chair Michael S. Piwowar called on Commission staff to "reconsider the implementation of the rule" and consider additional guidance.

The Senate passed a joint resolution to nullify an SEC final rule on the disclosure of payments by resource extraction issuers.

President Donald J. Trump signed (i) an Executive Order setting forth "Core Principles for Regulating the United States Financial System" and (ii) a memorandum regarding the Department of Labor’s fiduciary rulemaking.

Click on the links to view SEC notices of exchange rule changes and proposals for the week of January 30 - February 3.