SEC Release No. 34-64306 April 19, 2011 In connection with a study required by Dodd-Frank regarding financial literacy among investors, the SEC is requesting public comment on the sufficiency of existing public and private efforts to educate investors. Cross References Dodd Frank § 917Financial Literacy: The Federal Government's Role in Empowering Americans to Make Sound Financial Choices, GAO-11-504T (Apr. 12, 2011)

SEC Press Release No. 2011-94 April 20, 2011 The SEC announced that it has named Julius Leiman-Carbia as an Associate Director in its Office of Compliance Inspections and Examinations (OCIE) to lead the SEC's National Broker-Dealer Examination Program. Mr. Leiman-Carbia, who currently serves as a compliance officer for BP Energy Company, will succeed Mary Ann Gadziala.

SEC Sunshine Act Notice April 21, 2011 The SEC announced that it will hold an open meeting on Wednesday, April 27, 2011, to consider: (1) whether to propose rules (jointly with the CFTC) to define "swap," "security-based swap," "security-based swap agreement," and to regulate mixed swaps, and to set forth books and records requirements for swaps; and (2) to propose regulations to remove certain references to credit ratings in various Exchange Act rules. Cross References SEC Release No. 34-63452 (SEC-CFTC proposal to define certain entity-related terms under Title VII)

April 18, 2011 On 18 April 2011, the International Organization of Securities Commissions (" IOSCO") has announced that nine further securities regulatory authorities have been invited to become full signatories of the IOSCO Multilateral Memorandum of Understanding concerning Consultation, Cooperation and the Exchange of Information. They are: Estonia, the Former Yugoslav Republic of Macedonia, the Ministry of Agriculture, Forestry and Fisheries of Japan, the Ministry of Economy, Trade and Industry of Japan, Liechtenstein, Pakistan, Sweden, Chinese Taipei and Tanzania.

Financial Services Authority April 18, 2011 On April 18 2011, the FSA fined Norwich and Peterborough Building Society (" NP") pound;1.4 million for failing to give its customers suitable advice in relation to the sale of Keydata products. NP will make available ex gratia payments to all customers to ensure they do not lose out as a result of their investment, amounting to approximately pound;51 million in total. During a period of over three years NP advised 3,200 clients to invest in Keydata's life settlement products. NP failed properly to assess the financial circumstances of many of its