The CFTC is revising its regulations to add to its delegation of authority of its staff in regard to the disclosure of information to self-regulatory organizations. Effective Date: April 11, 2013. See: 78 FR 21522.

The Committee on Payment and Settlement Systems (CPSS) and the International Organization of Securities Commissions (IOSCO) have published for public comment a consultative report entitled Authorities' access to trade repository data. The purpose of the report is to provide guidance to trade repositories (TR) and authorities on access to TR-held over-the-counter derivatives (OTCD) transaction data for typical and non-typical data requests, as well as possible approaches to addressing confidentiality concerns and access constraints. The report considers that a broad range of authorities (i.e

Lona Nallengara, Acting Director of the SEC's Division of Corporation Finance, and John Ramsay, Acting Director of the SEC's Division of Trading and Markets, testified before a House committee on the SEC's progress in implementing the JOBS Act. The Congressional request for their testimony was likely an effort to hasten the SEC rulemaking required to implement the JOBS Act. The written testimony provides a description of the major changes to the law made by the JOBS Act, and a further and more detailed description of each Title of the JOBS Act and the progress that the SEC has made in

The SEC announced that Jennifer Marietta-Westberg has been named Deputy Director of its Division of Risk, Strategy, and Financial Innovation ("RSFI"). The SEC created the Division of Risk, Strategy, and Financial Innovation in September 2009 to help inform the agency's policymaking, rulemaking, enforcement, and examinations. Dr. Marietta-Westberg will oversee the division's policy and rulemaking support functions, particularly its economic analysis in support of SEC policy and rulemaking. Click here to view announcement in full (links externally to SEC website).

The SEC charged the former partner in charge of KPMG's Pacific Southwest audit practice and his friend with insider trading on nonpublic information about firm clients. The SEC alleges that a KPM partner tipped his friend with confidential details about five KPMG audit clients and enabled the tippee to make more than $1.2 million in illicit profits by trading ahead of earnings and merger announcements. See: SEC Press Release and SEC Complaint. Related News: "SEC Charges Two KPMG Auditors with Improper Audit of Nebraska Bank Hiding Loan Losses During Financial Crisis" (January 9, 2013).