The CFTC is requesting comments on a proposed rule which would make clear that each swap dealer (SD), major swap participant (MSP), and other Commission registrant with whom an associated person (AP) is associated is required to supervise the AP and is jointly responsible for the activities of the AP with respect to customers common to it and any other SD, MSP or other Commission registrant.
Comments are due August 14, 2012.
The CFPB has requested information on consumer financial products and services, financial literacy efforts, and fraudulent or deceptive practices impacting the lives of older Americans and their families. Section 1013 of the Dodd-Frank Act requires the CFPB to facilitate the financial literacy of individuals aged 62 or older ("seniors"), on protection from unfair, deceptive, and abusive practices and on current and future financial choices.
Comments on the request for information are due August 13, 2012.