FINRA issued a regulatory notice requiring specific transaction volume information to be reported by alternative trading systems ("ATSs"). The rule change requires an ATS to (i) report the weekly volume information and number of securities transactions within the ATS by security and (ii) acquire and use a single, unique market participant identifier ("MPID") when reporting information to FINRA. The reporting requirements will apply to all equities and debt securities subject to FINRA trade reporting requirements; i.e., equities and debt securities for which transactions are reported under the

The CFTC announced the revocation of the registration of Prestige Capital Advisors, LLC ("Prestige") as a commodity trading advisor ("CTA"). On January 2, 2014, the CFTC Judgment Officer issued an Initial Decision on Default against Prestige, finding that it was statutorily disqualified from CFTC registration. On February 3, 2014, the Judgment Officer's Initial Decision became the Order of the CFTC. The District Court's Orders found that, among other things, Prestige: fraudulently solicited and accepted more than $4.7 million from multiple pool participants for investment in one or more

The Organization for Economic Cooperation and Development ("OECD") published a new global standard for the automatic exchange of financial information to prevent tax avoidance. In developing the standard, the OECD worked with G20 countries and in cooperation with the European Union. The standard, which is closely modeled after the FATCA Model 1(A) Intergovernmental Agreement ("IGA") developed by the United States, consists of two components: (a) the Common Reporting and Due Diligence Standard ("CRS") and (b) a Model Competent Authority Agreement. The CRS contains reporting and due diligence

The SEC announced that, starting on March 18, 2014, the fee rates applicable to most securities transactions will be set at $22.10 per million dollars. The assessment on security futures transactions will remain unchanged at $0.0042 for each round turn transaction. According to the SEC, the new rates were determined in accordance with Exchange Act Section 31 ("Transaction Fees"). The adjustments do not directly affect the amount of funding available to the SEC. See: SEC Order; SEC Press Release.

The National Futures Association ("NFA") issued a notice stating that it is implementing new reporting requirements effective February 28, 2014. Under the new requirements, Forex Dealer Members ("FDMs") must report certain specified information to the NFA on a monthly or quarterly basis through FOREX reports, which should be submitted through EasyFile.The NFA stated that the first monthly report is due on March 25, 2014, and will require the following information for the month of February or as of February 28, 2014: entities where house commodity trading accounts were held and the number of