This letter outlines the Federal Reserve's new process for an applicant to request feedback on a potential acquisition or other proposal prior to the submission of a formal application or notice. The Board believes that this new process will be particularly helpful for community banking organizations that typically do not file applications on a frequent basis or for pre-filers with novel proposals. These applicants will now have the opportunity to work with Federal Reserve staff to receive critical feedback on potential issues related to acquisitions or other proposals. This new optional

The CFTC published for public comment this proposed interpretive guidance and policy statement regarding the cross-border application of the swaps provisions of the Commodity Exchange Act (CEA) that were enacted by Title VII of the Dodd-Frank Act. Specifically, this proposed interpretive guidance and policy statement describes the following: (i) the general manner in which the Commission will consider whether a person's swap dealing activities or swap positions may require registration as a swap dealer or major swap participant, respectively, and the application of the related requirements

The CFTC announced the filing of an anti-fraud enforcement action in the U.S. District Court for the Southern District of Texas, charging Christopher D. Daley (Daley) of Houston, Texas, and his firm, TC Credit Service, LLC (TCCS) (doing business as Del-Mair Group, LLC) with operating a commodity pool scheme that fraudulently solicited and accepted approximately $1.4 million from the public. Daley was owner and sole employee of TCCS, and none of the defendants has ever been registered with the CFTC. View release in full here(links externally to CFTC website).

FINRA filed with the SEC a proposed rule change to amend FINRA Rule 6730(e) to expressly exclude from the Trade Reporting and Compliance Engine ("TRACE") trade reporting requirements transfers of TRACE Eligible Securities for the sole purpose of creating or redeeming instruments such as exchange-traded funds ("ETFs"). View release in full here(links externally to FINRA website).

The SEC will consider whether to adopt Rule 613 under Section 11A of the Securities Exchange Act. View agenda in full here (links externally to SEC website).