On December 15, 2011, the FDIC proposed guidance to assist savings associations in conducting due diligence to determine whether a corporate debt security is eligible for investment under the Proposed Rule. Today, the FDIC is finalizing the guidance. The final guidance document includes clarifying language adopted in the final rule but, otherwise, is being finalized as proposed. Effective Date: July 21, 2012. Cross Reference(s): Dodd-Frank Section 939(a); FDIC Rule 362.11(b). View release in full here (links externally to FDIC website).

On Thursday, July 26, 2012, the CFTC will hold a public meeting of the Technology Advisory Committee to focus on possible technological solutions to improve direct access to customer segregated accounts. Topics will include identifying and exploring technological issues and possible solutions to enable SROs and public customers to verify the location and status of funds held in customer-segregated accounts and developing technological solutions that enable real-time detection and automated alerts of unauthorized transfers of customer funds. View past related link here(links to previous release

SEC administrative proceeding pursuant to Section 15(b) of the Exchange Act and Section 203(f) of the Advisers Act against Andrew J. Franz. View release in full here (links externally to SEC website).

The SEC announced today that Chief Judge Gregory M. Sleet of the US District Court for the District of Delaware entered a final judgment against Defendant Matthew W. Brown on July 2, 2012 in SEC v. Dynkowski, et al., a stock manipulation case. The SEC’s complaint alleges that Brown participated in market manipulation schemes involving the stock of GH3 International, Inc. and Asia Global Holdings, Inc. As alleged in the complaint, the schemes generally followed the same pattern: Defendant Pawel P. Dynkowski and his accomplices agreed to sell large blocks of shares for penny stock companies in

View release in full here (links externally to SEC website).