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

New Rules, Proposed Rules and Guidance 

• SEC Staff Provides Informal Guidance to ICI on Fund Names Using "International" and "Global"
• FINRA Adopts Amended Rules Regarding Member Communications with the Public
• 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

• SEC Settles Charges Against Oppenheimer for Misleading Statements Regarding Derivatives Use and Exposure During Financial Crisis
• Four Firms Sanctioned by FINRA for Sales of Leveraged and Inverse ETFs

To read the newsletter, click the link below.