23 november oslo

ENERGY AND CLIMATE DEBATEThe House and Senate chambers, quiet for over a month, resumed regular business today.  ML Strategies has produced a post-Labor Day outlook.  Congress has several issues to address now that it is back in session including the appropriations process, the debt ceiling, the extenders package, and the grand bargain.  Energy and environment issues may crop up as riders to these topics, such as the Keystone XL pipeline and the Renewable Fuel Standard.  The nine major energy issues of note are Shaheen-Portman, the National Helium Reserve, the consideration of the proposed liquefied natural gas export terminals, the Keystone XL pipeline, the future of the Renewable Fuel Standard, the Interior Department’s fracking rule, President Obama’s climate action strategy, Environmental Protection Agency regulations, and the President’s Power Africa initiative.  For a broader overview of the congressional to-do list, please see the … [Read more...] about Energy and Environmental Law Weekly Update – September 9, 2013

The United Kingdom’s vote to leave the European Union roiled worldwide financial markets on Friday, and will dominate financial headlines for quite some time. On a less macro scale, a broker-dealer agreed to pay sanctions of US $415 million for not complying with the Customer Protection Rule of the Securities and Exchange Commission, while the SEC sued a UK citizen for purportedly hacking into the brokerage accounts of investors to trade on an unauthorized basis in order to benefit separate trading in his own personal account. Meanwhile, the CME Group brought disciplinary actions based on alleged violations of its rules related to block trades, exchange for related position transactions and wash sales. As a result, the following matters are covered in this week’s edition of Bridging the Week:Broker-Dealer Sanctioned US $415 Million by SEC for Violating Customer Protection Requirements (includes Compliance Weeds);CFTC Receives 18 Formal Comment Letters in Response to … [Read more...] about Bridging the Week: Brexit; Reg AT; Reserve and Control; Hacking; Manipulation; Block Trades; EFRPs

Antitrust and Competition The Commission imposes fines in the used car batteries cartelOn 8 February 2017, the Commission announced it had imposed fines totaling almost EUR 68 million on three companies for participating in a cartel to fix purchase prices of scrap lead-acid automotive batteries.The cartel was uncovered thanks to the leniency application of a fourth participant in the cartel, which received immunity from fines for its cooperation with the Commission. The leniency program is one of the most successful enforcement tools in its fight against cartels. It provides incentives for companies participating in cartels to come forward and report such activities to the Commission. In exchange of their cooperation, cartelists can be exempted from fines. In this case, by revealing the existence of the cartel, the fourth cartelist was able to avoid a fine of more than EUR 38 million.The anticompetitive conduct of the recycling companies consisted in exchanges of information … [Read more...] about Brussels Regulatory Brief: March