Topics:

Legislation

• Representatives Bachus and McCarthy Introduce the Investment Adviser Oversight Act of 2012

Litigation

• ICI and U.S. Chamber of Commerce File Lawsuit Challenging CFTC Amendments to Rule 4.5
• Eighth Circuit Affirms Dismissal with Prejudice of Gallus Excessive Fee Case

New Rules, Proposed Rules and Guidance

• Federal Reserve Board Clarifies Volcker Rule Compliance Deadline

Other News

• Mutual Fund Directors Forum and eSecLending Issue Practical Guidance on Securities Lending Programs

Enforcement Actions

• Eighth Circuit Affirms Dismissal with Prejudice of Gallus Excessive Fee Case

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