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Vedder Thinking | Articles Investment Services Regulatory Update

Newsletter/Bulletin

Topics:

Litigation

  • Appeals Court Vacates SEC’s Proxy Access Rule
  • Supreme Court Rules on Who Is the “Maker” of Statements Under Section 10(b)

New Rules, Proposed Rules and Guidance

  • SEC Issues Concept Release Relating to the Use of Derivatives by Investment Companies
  • FINRA Issues Additional Guidance on Social Media Websites
  • SEC Adopts Rule Relating to “Large Traders”
  • FINRA Proposes New Rules Relating to Member Firms’ Communications with the Public
  • SEC Adjusts the Dollar Amount Thresholds and Proposes Rule Amendments Relating to Investment Adviser Performance Fees
  • SEC Adopts Rules Relating to Investment Adviser Registration
  • SEC Adopts Rule Defining “Family Office” Adviser
  • CFTC and SEC Issue Guidance to Address Dodd-Frank Act Swap Provisions

Other News

  • GAO Submits Report on Mutual Fund Advertising
  • Office of Inspector General Releases Report on Compliance with SEC Exemptive Orders and No-Action Letters

Enforcement Actions

  • Janney Montgomery Scott Charged for Failure to Maintain and Enforce Policies to Prevent Misuse of Material, Nonpublic Information
  • Morgan Keegan Settles Fraud Charges Related to Valuations of Subprime Mortgage-Backed Securities
  • SEC Charges Investment Adviser with Undisclosed Cash Payments

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