The Municipal Securities Rulemaking Board ("MSRB") filed with the SEC two rule amendments regarding the fair-pricing obligations for broker-dealers and municipal securities dealers (collectively, "dealers"). The MSRB proposed to consolidate MSRB Rule G-18 ("Execution of Transactions") and Rule G-30 ("Prices and Commissions") into a single fair-pricing rule. The MSRB also proposed to consolidate existing interpretive guidance under MSRB Rule G-17 ("Conduct of Municipal Securities and Municipal Advisory Activities") and G-30 to codify it into the same rule. See: Text of Proposed Rule Change

FINRA filed with the SEC a proposed rule change to amend the Customer and Industry Codes of Arbitration Procedure. The amendments provide that any document that a party files with FINRA which contains an individual's Social Security number, taxpayer identification number or financial account number must be redacted to include only the last four digits of any of these numbers. FINRA noted that the proposed amendments would only apply to documents filed with FINRA, not documents that parties exchange with each other or submit to the arbitrators at a hearing on the merits. See: Text of Proposed

The Financial Industry Regulatory Authority ("FINRA") announced that its Board of Governors approved a rule proposal that would prohibit firms and associated persons ("APs") from conditioning settlements of customer disputes on, or otherwise compensating customers for, an agreement not to oppose a request to expunge information from an AP's Central Registration Depository ("CRD") record. According to the FINRA release, the proposal is intended to help ensure that the CRD system continues to contain information that is critical to investor protection. The rule proposal will be submitted to the

The CME Group announced the names of a slate of candidates in an election for its Board of Directors, which will take place at the company's annual meeting on Wednesday, May 21, 2014.

The CFTC Division of Market Oversight ("DMO") hosted a public roundtable regarding the trade execution requirement as applied to "package transactions." The roundtable topics included the definition of package transactions, the clearing and execution challenges posed by package transactions that distinguish them from standalone swaps subject to the trade execution requirement, and potential solutions for trading package transactions on or pursuant to the rules of a Designated Contract Market ("DCM") or Swap Execution Facility ("SEF"). The trading mandate for certain made-available-to trade (