Topics:

New Rules, Proposed Rules and Guidance

• FINRA Proposes New Rule Regarding Outsourcing to Third-Party Service Providers
• SEC Proposes Rule Amendments to Remove Credit Rating References From Money Market Fund and Other Rules

Other News

• SEC to Consider Extending Compliance Deadlines for Mid-Sized and Private Advisers until First Quarter 2012
• 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

Litigation

• Court Rules in Favor of Eaton Vance in Lawsuit Over Payments to Distributors

Enforcement Actions

• SEC Charges Brokerage Executives with Failing to Protect Confidential Customer Information
• SEC Charges Investment Adviser with Misrepresentations
• 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

Download the newsletter by clicking the link below.