In this issue of CFWD we discuss:

- SEC Changes to Compensation Disclosure Provoke
- No Action Letter Granted for a Centralized Trade
  Manager System
- Temporary Relief Provided for Broker-Dealer
  Recordkeeping Rules
- New Memorandum Issued on Principles of Federal
  Prosecution of Business Organizations
- SEC and Fed Repropose Bank "Broker" Exemptions
- US and European Regulators Explore Hedge Fund
- Final Statement Released on Complex Structured
  Finance Activities of Financial Institutions
- MiFID Connect Issues Draft Guidelines on UK
  Implementation of MiFID
- Securities Claims Fail to Meet “In Connection With”
- Plaintiffs Sufficiently Plead Short-Swing Profits
- CFTC Adopts Final Rule Governing FCM Withdrawals
  of Equity Capital
- NFA Proposes to Continue Securities Futures
  Qualification by Training