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Covering financial regulation for The Wall Street Journal. DC via ATL and Central Fla. andrew.ackerman@wsj.com

Overseas Forex Trades Laid FXCM Low

wsj.com — WASHINGTON-Retail foreign-exchange broker FXCM Inc. was nearly felled by outsize bets made by foreign customers who aren't subject to U.S. regulations, according to people familiar with regulators' review of the firm. While some U.S.

Regulator Boosts Requirements on Forex Trades

wsj.com — WASHINGTON-Regulators took additional steps Friday to address steep losses suffered by traders and brokers in the wake of last week's unexpected surge in the Swiss franc, moving to temporarily restrict the amount of borrowing, or leverage, used by foreign-currency traders.

Proxy Adviser Glass Lewis Warns Companies on Shareholder Ballots

wsj.com — WASHINGTON-Proxy advisory firm Glass, Lewis & Co. is considering recommending shareholders vote against management's preferred directors when firms ignore certain shareholder proposals on their proxies in favor of their own diluted alternatives. Glass Lewis said Friday it may recommend shareholders dissent from management-backed candidates if companies block shareholder-submitted proposals on the grounds that they "conflict" with...

CFTC’s Bowen Calls For Review Of Retail FX Rules

wsj.com — WASHINGTON-Lax standards in the $5 trillion-a-day foreign exchange market could be harming the industry and placing mom-and-pop investors at undue risk, a top U.S. derivatives regulator said. Sharon Bowen, a Democrat on the four-member Commodity Futures Trading Commission, is urging the agency to "seriously consider" enhancing its regulations of the retail foreign-exchange industry after an unexpected surge in the Swiss franc last...

SEC Fund Chief to Step Down

wsj.com — WASHINGTON-Norm Champ, a top Securities and Exchange Commission official who helped shepherd tighter restrictions for the $2.7 trillion money-market mutual-fund industry, plans to resign from the agency and return to the private sector, according to people familiar with the move.

Tax Breaks on Muni Bonds Draw Scrutiny

wsj.com — A rare area of potential agreement between the White House and Republicans in the fiscal-cliff debate could come as a surprise to many investors: Both sides are willing to consider taxing at least a portion of municipal-bond interest paid to higher-income households.

Futures Regulator to Review Leverage Limits for Retail FX Trades

wsj.com — WASHINGTON-The National Futures Association, the self-regulator for the U.S. futures industry, is considering boosting its leverage requirements for foreign-currency bets in response to last week's market tumult stemming from an unexpected surge in the Swiss franc. NFA plans to discuss tightening leverage requirements on retail foreign-exchange transactions at a coming meeting of the self-regulator's board, said spokeswoman Karen...

In Reversal, SEC Won’t Allow Whole Foods to Exclude Nonbinding Shareholder Proposal

wsj.com — WASHINGTON-U.S. securities regulators reversed a controversial decision allowing Whole Foods Market Inc. to exclude a nonbinding shareholder proposal that could make it easier for investors to nominate directors at the high-end grocer. The reversal will affect all companies-not just Whole Foods-seeking to exclude nonbinding shareholder proposals that are similar to company-sponsored recommendations in its proxy materials.

Swiss Currency Move Shows Risks of Highly Interconnected Financial System

wsj.com — The ripple effect of wild swings in the price of Switzerland's currency is a reminder the next threat to today's highly interconnected financial system could come from an unexpected place.

House Passes Bill to Ease Some Wall Street Regulations

wsj.com — WASHINGTON-The House Wednesday passed a bill to ease nearly a dozen Wall Street regulations, the latest legislative effort to roll back provisions of the 2010 Dodd-Frank law. The House voted 271-154 to pass the measure, which included a controversial delay to a provision stemming from Dodd-Frank requiring banks to sell stakes in certain complex securities.
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Jan 28, 2015

RT @lennygrover: $FXCM risk warning STILL misleading, suggests all traders not liable for deficits fxcm.com/legal/trading-… CC:@amacker pic.twitter.com/Y2IfEyBVbx

Jan 28, 2015

SEC to vote Feb 4 on the PCAOB budget -- an annual tradition though I don't get why it requires a public meeting. sec.gov/news/openmeeti…

Jan 28, 2015

RT @KatyBurne: CFTC's Giancarlo proposes exams for swap traders in white paper ahead of @TabbFORUM via @giancarloCFTC @WSJ #CFTC on.wsj.com/1CNrxZs

Jan 28, 2015

Not a joke, apparently RT @SEC_News: SEC shares top honors for plain language writing for federal agencies: ow.ly/I72ge

Jan 28, 2015

RT @mims: Anyway I completely forgive Uber for targeting journalists and violating local laws pic.twitter.com/Gk80cdKQkn

Jan 28, 2015

@SMTuffy @sabrush Sorry, "fact sheet" explaining these NRSRO rules should disqualify them from any writing award: sec.gov/News/PressRele…

Jan 28, 2015

@sabrush @CFTC @sec_news the Center for Clear Writing, or whatever it's called, let us all down.

Jan 28, 2015

@sabrush @cftc Not the SEC's fact sheets, which are on par with interminable CFTC releases

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