Speaking of the CFTC, that body also approved the Volcker Rule changes that were announced in late May and which we reported on in our June 4 issue. The vote was 2-1, with Benham, the only current Democratic commissioner, again dissenting. Three of the other four agencies that share enforcement jurisdiction over the restrictions on proprietary trading by financial institutions under Dodd-Frank – the Fed board, the OCC and the FDIC – unanimously approved the rule. But at the SEC, which also has jurisdiction over Volcker, the vote was 3-2 in favor of advancing the proposed rule, with the commission's two Democrats voting in opposition to the rule change. The proposed new rule now moves to the public comment phase.