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Vedder Thinking | Articles Investment Services Regulatory Update

Newsletter/Bulletin

Topics:

New Rules, Proposed Rules and Guidance

  • SEC Proposes Rule Amendments to Remove Credit Rating References From Money Market Fund and Other Rules
  • SEC Proposes Reporting Obligations for Advisers to Private Funds
  • SEC Proposes New Net Worth Standard for Accredited Investors

Other News

  • SEC Staff Issues No-Action Letter on Funds Placing Assets in the Custody of Credit Default Swap Clearinghouse
  • FinCEN Issues Final Rule Amending FBAR Regulations
  • SEC Outlines 2011 Exam Priorities
  • ICI Issues Legal Memorandum Regarding Effect of State Laws on “Pay-to-Play” Policies and Procedures
  • Clarification of Inapplicability of “Say on Pay” Rule to Closed-End Funds
  • SEC Staff Submits Study on Investment Adviser and Broker-Dealer Regulatory Standards
  • SEC Staff Submits Study on Investment Adviser Examinations
  • ICI Issues Comment Letter on President’s Working Group Report on Money Market Funds

Enforcement Actions

  • SEC Charges Adviser and Officers for Undisclosed Financial Benefits
  • SEC Charges Adviser and Chief Executive Officer for IPO Allocations
  • SEC Charges AXA Rosenberg Entities for Concealing Error in Quantitative Investment Model
  • SEC Charges Merrill Lynch for Misusing Customer Order Information and Charging Undisclosed Trading Fees
  • SEC Charges BNY Mellon and Order Desk Manager for Best Execution Failure
  • SEC Charges Schwab Advisers and Two Executives with Making Misleading Statements

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