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New Rules, Proposed Rules and Guidance

  • SEC Extends Compliance Date for Initial Delivery of Form ADV Brochure Supplements
  • SEC Extends Temporary Rule Regarding Adviser Principal Trades
  • SEC Proposes Rules Relating to Investment Adviser Registration
  • SEC Extends Compliance Date for New Short-Selling Restrictions
  • SEC Proposes Whistleblower Rules Under the Dodd-Frank Act
  • SEC Proposes Rule on Institutional Investment Manager Reporting of Proxy Votes on Executive Compensation
  • FinCEN Extends Compliance Date for AML Travel Rule for Mutual Funds
  • SEC Proposes Rule Defining “Family Office” Adviser
  • SEC Stays Effectiveness of Amendments to Proxy Rules that Facilitate Rights of Shareholders to Nominate Directors


  • President Obama Signs Regulated Investment Company Modernization Act of 2010

Other News

  • SEC Staff Opposes Closed-End Fund Use of Maryland Takeover Statute
  • SEC Staff Issues Letter on Director Responsibilities under Affiliated Transaction Rules
  • President’s Working Group Releases Report on Money Market Funds

Enforcement Actions

  • SEC Charges Managing Director of Securities Lending Program
  • SEC Charges Investment Adviser for Books and Records and Form ADV Violations
  • SEC Charges Investment Adviser, Broker Dealer and CCO for Compliance Violations
  • SEC Charges Hedge Fund Manager with Defrauding Investors by Overvaluing Fund Position

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