Reader View
Investment Services Regulatory Update
Newsletter/Bulletin
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June 2010
Topics:
Litigation
- Funds Face Lawsuits Over Payments to Distributors
- U.S. Supreme Court Rules in Jones v. Harris Associates; Vacates and Remands Gallus v. Ameriprise Financial
- Court Allows Class Action Against Evergreen Entities and Fund Trustees to Proceed
- District Court Judge Rules in Favor of Plaintiffs in Schwab YieldPlus Fund Case
- First Circuit Rejects the SEC’s Interpretation of Rule 10b-5
New Rules, Proposed Rules and Guidance
- Implementation of Identity Theft Prevention Programs Further Delayed Until December 31, 2010
- SEC Releases AML Guidance on Beneficial Ownership Information
Legislation
- Senate Approves Restoring American Financial Stability Act of 2010
Other News
- Closed-End Fund Loses Battle to Omit Shareholder Proposal in Proxy Statement
- Mutual Fund Directors Forum Issues Practical Guidance for Fund Directors on Effective Risk Management Oversight
- IDC Issues Memorandum on Board Oversight of Target Retirement Date Funds
- SEC Staff Evaluating the Use of Derivatives by Funds
- Closed-End Fund May Not Exclude Shareholder Proposal to Amend Bylaws Directing Board to Terminate Advisory Agreement
Enforcement Actions
- Fund Portfolio Manager Charged with Tipping Family Members
- FINRA Fines HSBC Securities (USA) and US Bancorp Investments for Auction Rate Securities Violations
- FINRA Files Complaint Against Morgan Keegan for Misleading Customers Regarding Risks of Bond Funds
To read the newsletter, click the link below.
Vedder Thinking | Articles Investment Services Regulatory Update
Newsletter/Bulletin
June 2010
Reader View
Topics:
Litigation
- Funds Face Lawsuits Over Payments to Distributors
- U.S. Supreme Court Rules in Jones v. Harris Associates; Vacates and Remands Gallus v. Ameriprise Financial
- Court Allows Class Action Against Evergreen Entities and Fund Trustees to Proceed
- District Court Judge Rules in Favor of Plaintiffs in Schwab YieldPlus Fund Case
- First Circuit Rejects the SEC’s Interpretation of Rule 10b-5
New Rules, Proposed Rules and Guidance
- Implementation of Identity Theft Prevention Programs Further Delayed Until December 31, 2010
- SEC Releases AML Guidance on Beneficial Ownership Information
Legislation
- Senate Approves Restoring American Financial Stability Act of 2010
Other News
- Closed-End Fund Loses Battle to Omit Shareholder Proposal in Proxy Statement
- Mutual Fund Directors Forum Issues Practical Guidance for Fund Directors on Effective Risk Management Oversight
- IDC Issues Memorandum on Board Oversight of Target Retirement Date Funds
- SEC Staff Evaluating the Use of Derivatives by Funds
- Closed-End Fund May Not Exclude Shareholder Proposal to Amend Bylaws Directing Board to Terminate Advisory Agreement
Enforcement Actions
- Fund Portfolio Manager Charged with Tipping Family Members
- FINRA Fines HSBC Securities (USA) and US Bancorp Investments for Auction Rate Securities Violations
- FINRA Files Complaint Against Morgan Keegan for Misleading Customers Regarding Risks of Bond Funds
To read the newsletter, click the link below.
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