CFTC Commissioner J. Christopher Giancarlo issued a statement questioning market rules and processes unsupported by Dodd-Frank. The Commissioner issued the statement prior to an upcoming roundtable by the CFTC's Division of Market Oversight ("DMO"). The roundtable will address the CFTC's trade execution requirement and the process of reaching made-available-to-trade ("MAT") determinations. Commissioner Giancarlo contended that the roundtable should serve as an opportunity for the CFTC to "thoroughly reconsider" rules that are unsupported by Dodd-Frank. He argued that the MAT rulemaking should

Staff members from the U.S. Treasury Department ("Treasury"), the Board of Governors of the Federal Reserve System, the Federal Reserve Bank of New York, the SEC and the CFTC (the "Regulators") issued a joint report that analyzed the "significant volatility" in the Treasury markets on October 15, 2014. The joint report highlighted specific developments that most likely created or contributed to the volatility, including: (i) changes in investor positions and sentiments about global risk, (ii) a decline in order-book depth and (iii) changes in order flow and liquidity provisions. The report

SIFMA submitted comments to the MSRB regarding the delayed compliance date for the first Form G-45 filings that are required under MSRB Rule G-45 ("Reporting of Information on Municipal Fund Securities"). SIFMA advised the MSRB to focus on the quality of the filing system itself as opposed to the speed of its implementation. See: SIFMA Comment Letter; MSRB Rule G-45. Related news: MSRB to Collect Additional Data Regarding 529 College Savings Plans (Reg. Notice 2014-03) (February 17, 2015); SEC Approves MSRB Rule G-45 as Modified by Amendment No. 1 (February 24, 2014).

The SEC announced a settlement with a "middleman" who entered into a cooperation agreement with the SEC in order to assist it in gathering evidence of an insider-trading scheme. The settlement stems from charges that the SEC brought last year against a law firm clerk and a stockbroker for alleged insider trading. According to the charges, a mutual friend was used to pass material, nonpublic information from the law firm's computer systems, which concerned clients' pending corporate transactions, to the stockholder. The illegal tips were written on napkins or Post-it notes and passed to the

Nineteen U.S. Senators (the "Senators") sent a letter to the Consumer Financial Protection Bureau ("CFPB") encouraging it to move forward with its rulemaking on publicly available small business loan data. Regulation B is required by Section 1071 of the Dodd-Frank Act ("Small Business Data Collection"). It is listed on the CFPB's Unified Agenda and Regulatory Plan as a Long-Term Action item under development. The Senators asserted that the implementation of Regulation B may help to improve lending practices, and that particular attention should be paid to aiding businesses that operate and