Fairly standard waiver of disqualification as a result of misconduct relating to the "bad boy" provisions of Regulation D of the Securities Act. View letter in full here (links externally to SEC website).

Fairly standard waiver of disqualification as a result of misconduct relating to the "bad boy" provisions of Regulation D under the Securities Act. View letter in full here (links externally to SEC website).

The SEC filed a civil fraud action against former Connecticut resident Jerry S. Williams, a stock promoter, and two companies that he controlled, Monk's Den, LLC and First In Awareness, LLC. The Commission charged Williams with running a scalping scheme from which he made over $2.4 million. Scalping is a type of fraud in which the owner of shares of a security recommends that security for investment and then immediately sells it at a profit upon the rise in market price which follows the recommendation. View release in full here (links externally to SEC website).

The CFTC Division of Market Oversight issued a letter advising Eurex Deutschland that its Euro STOXX 50 Volatility Index Mini Futures contract submitted by Eurex Deutschland for review on June 4, 2012, was deemed certified. View release in full here(links externally to CFTC website).

Kenneth Gibbs, SIFMA board member and Chair of SIFMA's Municipal Securities Division, testified before the House Financial Services Subcommittee on Capital Markets about the impact of Dodd-Frank on municipal finance. Gibbs reviewed the numerous comment letters SIFMA filed with federal regulators on relevant Dodd-Frank provisions and the suggested changes regulators should implement to ensure the continued proper functioning of the municipal financing system. Gibbs also noted three issues that remain unresolved: The SEC has yet to finalize its municipal advisor registration rule, and the