www.isda.org ISDA publishes the onshore single name CDS confirmation referencing Korean entities. Date January 2011

PRESS/Article Issuers are fighting the proposed requirement that appointed board members of municipal entities register with both the SEC and the MSRB if they advise on the issuance of municipal ­securities. The argument is that registration would have a chilling effect on the ability to find volunteers willing to serve on the boards of bond-issuing authorities. The SEC is seeking comments on the proposal for 45 days after its publication in the Federal Register, possibly this week. Date January 6, 2011 Cross References (links may require a Cabinet subscription) Proposed Rule S7-45-10

FINRA Information Notice FINRA published an information notice to advise firms of the recent increase in the fee rate on transactions imposed under § 31 of the Exchange Act. Date January 6, 2011 Cross References (links may require a Cabinet subscription) Exchange Act § 31

SEC Release (Enforcement) The SEC announced a settled administrative proceeding against a broker for his alleged fraud in churning the accounts of a charitable organization. The release alleges that the accounts paid approximately 10.8% of their market value in transaction fees over a 13 month period, caused by excessive trading and undisclosed and excessive markups and markdowns. Document Number SEC Release 33-9170, 34-63661, IC-29548 Date January 6, 2011 Cross References (links may require a Cabinet subscription) SEC PR 2011-2 Securities Act § 17(a) Exchange Act § 10(b) Exchange Act Rule 10b

News Article Although the CFTC was supposed to set position limits on agriculture products and the like weeks ago, it has been at an impasse, as the agency's commissioners argue over just how tough the limits should be. However, the stalemate may soon be over. On Tuesday, a compromise proposal finally emerged. Commissioner Bart Chilton, the leading proponent of immediately enforcing strict limits, refused to support an earlier phased-in proposal that he found too weak, has now agreed to a temporary position "points" plan, which would alert the agency when a trader becomes overexposed