Financial Services Authority June 20, 2012 Two directors of Blue Index, a specialist CFD brokerage house, and the wife of one of the directors have been sentenced to a total of five years in prison for insider dealing. The trio were involved in a transatlantic conspiracy to use UK spread bets to trade ahead of tech deals in the US based on illegal tip-offs. The case is the first ever to involve prosecutions on both sides of the Atlantic, with the SEC, the DoJ and the FBI investigating in the US, and the City of London Police and the FSA investigating in the UK.

On June 5, 2012, the Federal Reserve Board published a notice of final approval of a proposed information collection under OMB delegated authority, per 5 CFR 1320.16 (OMB Regulations on Controlling Paperwork Burdens on the Public). This is a 30-day extension of the public comment period. Comments Due: August 6, 2012 Cross Reference(s): Dodd-Frank Section 165 View release in full here (links externally to Federal Register website).

Court order permanently bars Gutterman and his companies, Alliance Capital Metals LLC and AR Goldman Wealth Management, LLC, from the commodities industry. View press release in full here(links externally to CFTC website).

European Parliament June 20, 2012 The European Parliament has voted through legislation aimed at regulating credit rating agencies and reducing industry reliance on their ratings. The measure includes rules on the quality, timing and frequency of sovereign debt ratings. In particular, each agency will be required to prepare and publish timetables for publication of its sovereign ratings on an annual basis.

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