The rule changes linked below were reported in a prior news item that did not contain links to the rules themselves. The changes to Section 4 are the most significant, relating to the protection of customer assets and regulators' ability to obtain information as to an FCM's assets in segregation for customers. Proposed Amendment - NFA Compliance Rule 2-10 (Recordkeeping) Proposed Amendment - NFA Financial Requirements Section 4 to Provide On-Line View-Only Access to FCM Customer Segregated/Secured Amount Bank Account Information (Protection of Customer Funds)

ICE released an FAQ to provide an overview of block trading, including (i) who may participate, (ii) what is involved in the execution, and (iii) how to report a block trade. View the FAQ here (links externally to ICE website).

NASAA released its annual "Top 10" list of financial products/practices that threaten investors: New Threats Persistent Threats Crowdfunding and Internet Offers (JOBS Act-related) Inappropriate Advice or Practices from Investment Advisers Scam Artists Using Self-Directed IRAs to Mask Fraud EB-5 Investment-for-Visa Schemes Gold and Precious Metals Risky Oil and Gas Drilling Programs Promissory Notes Real Estate Investment Schemes Reg D/Rule 506 Private Offerings (JOBS Act-related) Unlicensed Salesmen Giving Liquidation Recommendations [Lofchie Comment: NASAA is not enthusiastic about the JOBS

FINRA announced that it has fined Rodman Renshaw LLC $315,000 for supervisory and other violations related to the interaction between the firm's research and investment banking functions. The firm's supervisory system was found to be deficient, resulting in a breakdown of the barriers required to be imposed between research and investment banking, including research analysts be rewarded for soliciting investment banking transactions.

The Division of Corporation Finance responded to a request for no-action relief from United Realty Trust Incorporated under Rule 13e-4 of the Exchange Act. The Division did not object to the REIT extending to its shareholders a continuing open offer to redeem, subject to the conditions set forth in the letter. Cross-Reference(s): Exchange Act Rule 13e-4. View letter in full here (links externally to SEC website).