Topics

New Rules, Proposed Rules and Guidance

• SEC Staff Provides Guidance on Health Care Tax and After-Tax Return Calculations
• SEC Amends Rule Regarding Obligations to Lost Securityholders and Unresponsive Payees
• SEC Extends Temporary Rule Regarding Adviser Principal Trades

Other News

• SEC Staff Releases 2013 Examination Priorities
• Funds Face Emerging Cyber Risks
• SEC Approves New PCAOB Standard on Auditor Communications with Audit Committees

Litigation and Enforcement Actions

• Pension Funds File Suit Against BlackRock and iShares for Excessive Securities Lending Fees
• LPL Fined for Failing to Monitor and Ensure Timely Delivery of Mutual Fund Prospectuses
• SEC Charges Adviser with Federal Securities Law Violations Relating to Use of Options Contrary to Fund's Strategies and Policies
• District Court Allows Claim of Excessive Investment Management Fees to Proceed
• District Court Rules on Industry Challenges to CFTC Rule 4.5
• SEC Charges Eight Fund Directors for Failure to Properly Oversee Fair Valuations

To read the Regulatory Update, click on the link below.