News Article Eight senators are urging regulators to maintain strict rules against excessive speculation by investors in oil and commodities markets to avoid sudden price hikes. The lawmakers cautioned the CFTC, charged with determining the limits on the amount of speculative investments in oil, wheat and other commodities under the Dodd-Frank Act, not to be swayed by arguments from the financial sector to delay or approve less restrictive rules. "It has become increasingly clear that Wall Street seeks to use the rulemaking process to eviscerate the new position limits," the lawmakers wrote in

Financial Services Authority The Financial Services Authority (FSA) has fined Christopher Gower £50,000 for making misleading and inaccurate disclosures to the market about Enterprise Inns plc (ETI) to clients via Bloomberg instant messenger, substantially impacting ETI share price. Date January 13, 2011

News Article According to a report in InvestmentNews, the Investment Company Institute has asked the SEC to impose an affirmative legal requirement on intermediaries (i.e. broker-dealers) to mitigate the burdens of new requirements that money market fund operators identify risk characteristics to investors. Publication InvestmentNews Date January 12, 2011

SEC Press Release The Securities and Exchange Commission has charged a Greensboro, N.C.-based investment adviser firm and its owner with defrauding investors in two hedge funds by secretly diverting millions of dollars to themselves through various self-dealing transactions. Date January 7, 2011

HM Treasury The Government is conducting a detailed review of resolution arrangements for failing investment banks. As part of this review, on 10 January 2011, the Government introduced The Investment Bank Special Administration Regulations 2011 and The Investment Bank (Amendment of Definition) Order 2011 into Parliament. Date January 11, 2011 Cross References (links may require a Cabinet subscription) Special administration regime for investment firms: summary of consultation responses Individual responses received to "Special administration regime for investment firms" consultation Special