On October 25th, the SEC requested public comment to determine the extent to which private rights of action under the antifraud provisions of the Securities Exchange Act should be extended to cover conduct within the United States that constitutes a significant step in the furtherance of the violation, even if the securities transaction occurs outside the United States and involves only foreign investors; and to conduct occurring outside the United States that has a foreseeable substantial effect within the United States. Comments should be submitted on or before February 18, 2011. SEC Release No. 34-63174.