The SEC filed charges against an investment adviser and its former owner for misleading the investment fund's board of directors about the firm's ability to conduct algorithmic currency trading so that the board would approve the firm's contract to manage the fund. The SEC alleged that Chariot Advisors LLC and Elliott L. Shifman misled the fund's board about the nature, extent, and quality of services that the firm could provide by touting the competitive benefits of algorithmic trading in two presentations before the board. Contrary to what Shifman told the directors, Chariot Advisors did not

F INRA released a podcast discussing examples of misconduct by registered representatives. A written summary is provided. Failure to Notify Firm of Outside Brokerage Accounts and to Notify Outside Firms of Association with a FINRA Member Firm FINRA's National Adjudicatory Council ("NAC") found that a registered representative had failed to tell his FINRA-registered firm about brokerage accounts that he held at two other firms. Additionally, he failed to tell those two firms that he was associated with a FINRA firm. While he was a registered FINRA representative, he held nine brokerage accounts

The Office of the Comptroller of the Currency ("OCC"), the Board of Governors of the Federal Reserve System ("FRB"), and the Federal Deposit Insurance Corporation ("FDIC") seek comment on a notice of proposed rulemaking ("NPR") to strengthen the leverage ratio standards for the largest, most systemically significant U.S. banking organizations. The NPR was published in the Federal Register on August 20, 2013, with a 60-day comment period. See: OCC News Release; 78 FR 51101. See also: FRB, FDIC and OCC Issue Notice of Proposed Rulemaking on the Supplementary Leverage Ratio for G-SIBs (July 9

The ISDA has outlined a set of principles designed to help attain a more harmonized framework of international derivatives regulations. The principles incorporate views expressed by international regulators and market participants to develop a framework through principles-based substituted compliance methodology. Additionally, the ISDA published examples of how the principles will apply to various areas within derivatives regulation. The ISDA suggested the following principles: An effective framework should be grounded in the declarations issued by the G-20; Regional and national regulators

The SEC announced that Jane E. Jarcho has been named the National Associate Director of the Investment Adviser/Investment Company examination program in the Office of Compliance Inspections and Examinations. See: SEC Press Release.