On August 31, 2011, the Securities and Exchange Commission (the "SEC") held an open meeting (the "Meeting") where the Commissioners unanimously approved (1) a...
The Securities and Exchange Commission, in a formal opinion, has affirmed the initial decision of an administrative law judge that a mutual fund portfolio...
The Government Accountability Office, in a report required by the Dodd-Frank Act, has not recommended any significant changes to mutual fund advertising rules,...
The U.S. Court of Appeals for the D.C. Circuit has vacated the Securities and Exchange Commission's Rule 14a-11, which would have required public companies to...
On July 6, 2011, the Commodity Futures Trading Commission staff ("CFTC") hosted a roundtable to discuss the proposed changes to the registration and compliance...
The United States Supreme Court has ruled that an investment adviser to a mutual fund cannot be held directly liable under Rule 10b-5 for misstatements in the...
The Securities and Exchange Commission has announced that it will consider the adoption of rule changes with respect to investment adviser registration, as...
The Securities and Exchange Commission has announced that it will consider adopting rules to implement the whistleblower provisions of the Dodd-Frank Act at an...
The Securities and Exchange Commission has issued notice of FINRA's proposal to adopt a version of NASD Rule 2830, governing the sale of investment company...
The Securities and Exchange Commission has proposed a rule change and given notice of its intent to issue a related order that would narrow the universe of...
The Securities and Exchange Commission likely will allow additional time for investment advisers to make registration changes required by the Dodd-Frank Act,...
The Securities and Exchange Commission today posted an Update Regarding SEC Functions During the Federal Government Shutdown. The update gives a relatively...
The Securities and Exchange Commission has proposed rule changes to remove the use of credit ratings from rules and forms under the Investment Company Act of...
FINRA has adopted new Rule 4530, requiring members to report regulatory violations to FINRA. Regulatory Notice 11-06 (Feb. 2011). Adopted as part of FINRA's...
A federal district court has ruled that shareholders of a fund of funds do not have standing, with respect to the underlying mutual funds, to bring claims for...
The Commodity Futures Trading Commission today voted to propose a rule amendment that would sharply limit the exemption from commodity pool operator status for...
The Securities and Exchange Commission has further extended and modified its no-action relief allowing broker-dealers under some circumstances to rely on...
The Securities and Exchange Commission has released its much-anticipated staff study on the legal and regulatory standards of care for providing personalized...
The Securities and Exchange Commission today released its staff study reviewing and analyzing the need for enhanced examination and enforcement resources for...
A number of reports and rulemakings under the Dodd-Frank Wall Street Reform and Consumer Protection Act were announced today. Some of these were in response...
The Securities and Exchange Commission today announced that Eileen Rominger has been named its Director of Investment Management and will begin her work at the...
The Investment Company Institute ("ICI") has unveiled the proposed outlines of a private emergency liquidity facility ("LF") that would be available to...
The Securities and Exchange Commission has extended the compliance dates by which registered investment advisers must provide clients with brochure supplements...
In only the second application of the Supreme Court's landmark ruling in Jones v. Harris Associates by a lower court, a federal district court has reinstated...
The Supreme Court today heard oral argument in Janus Capital Group v. First Derivative Traders, No. 09-525. In this case, the Janus Funds' prospectuses, which...
The staff of the Securities and Exchange Commission, in a no-action letter, has taken the position that a registered closed-end fund may not opt in to the...
The Securities and Exchange Commission announced today that it will consider proposing rules at an open meeting scheduled for Friday, November 19, to implement...
The staff of the Securities and Exchange Commission has provided guidance in an interpretive letter on the responsibilities of investment company directors in...
The Securities and Exchange Commission has requested public comment on the options for reforming money market funds that were discussed in last month's report...
The Financial Industry Regulatory Authority has requested comment on a concept proposal to require member firms, at or prior to commencing a business...
