The SEC obtained a court order to freeze the assets of a Georgia-based investment adviser who has apparently gone into hiding after orchestrating a $40 million investment fraud. View press release in full here (links externally to SEC website). Additional Materials: SEC Complaint

The CFTC approved for public comment proposed interpretive guidance regarding the cross-border application of the swaps provisions of Title VII of the Dodd-Frank Act and the CFTC's regulations. The proposed guidance interprets Section 2(i) of the Commodity Exchange Act. View press release in full here(links externally to CFTC website).

The CFTC voted to propose a phased compliance program regarding certain swaps to non-U.S. swap dealers, non-U.S. major swap participants, U.S. swap dealers, U.S. major swap participants, and foreign branches of U.S. swap dealers and U.S. major swap participants. View press release in full here(links externally to CFTC website). Additional Materials: CFTC Chairman Gary Gensler's Statement of Support.

This statement from SIFMA President and CEO Tim Ryan is in response to a proposed guidance issued by the CFTC that addresses cross-border treatment of derivatives rules under the Dodd-Frank Act. View press release in full here(links externally to SIFMA website).

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