The Securities and Exchange Commission has sent a letter to the Kentucky Retirement System seeking information about millions of dollars in payments to placement agents used by the fund.

FORBES: SEC Seeks Kentucky Data On Millions Paid To Pension Placement Agents

It said it welcomed the government's welfare proposals but was seeking more information on how the chip system would work.

BBC: Plan to track retired greyhounds

Under Rule 2130, members and associated persons seeking to expunge from the CRD system information arising from disputes with customers must obtain an order from a court of competent jurisdiction directing such expungement or confirming an arbitration award containing expungement relief.

FORBES: UBS Broker Wrongly Named In Customer Arbitration Forced Into Expungement Nightmare

So the world's aviation authorities are seeking to modernise the whole system, streamlining the routing of flights and providing much more real-time information to pilots and controllers.

ECONOMIST: Aviation