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One focus of the investigations is MF Global's compliance with the record-keeping obligations imposed on its futures and securities operations.
Melanie Sloan, executive director of Citizens for Responsibility and Ethics in Washington, a watchdog group, said: "Agency employees do not understand their record-keeping obligations.
"We are mindful of our record-keeping obligations, and we've taken steps to prevent the recurrence of the problems cited by the S.E.C.," a J. P. Morgan Chase spokesman, Joseph Evangelisti, said.
The bill also bans 45 types of assault weapons; gun magazines will be limited to 10 bullets; gun ownership by people who have been involuntarily committed to a mental health facility will be banned; and police will be able to suspend the licenses of gun dealers who fail to comply with record-keeping obligations.
Sources familiar with the process told the Guardian the US regulator insists on an initial 23-page application, a review of 75 pages of further documentation and a four-hour presentation at FAA headquarters followed by a three-hour site visit, together with ongoing reporting and record-keeping obligations.
Record keeping was an afterthought.
The record keeping is not always perfect.
And Fidelity does all the record keeping.
I cannot speak to the adequacy of their record keeping".
The arguments for unlimited record keeping were remarkably thin.
It's only record keeping.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com