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New Rules, Proposed Rules and Guidance

  • SEC Adopts Amendments to Proxy Rules to Facilitate Rights of Shareholders to Nominate Directors
  • SEC Proposal Regarding Mutual Fund Distribution Fees
  • SEC Adopts Amendments to Part 2 of Form ADV
  • SEC Adopts New Rule to Curtail Adviser “Pay to Play” Practices
  • NFA Proposes Amendment to Restrict Exclusions from the Commodity Pool Operator Definition for Investment Companies
  • SEC Proposes Amendments Regarding Target Date Fund Marketing Materials


  • Dodd-Frank Wall Street Reform and Consumer Protection Act Enacted
  • Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 Enacted


  • Funds Face Lawsuits Over Payments to Distributors; California Court Dismisses First Case

Other News

  • SEC Staff Issues No-Action Letter and Interpretation under Rule 2a-7
  • SEC Staff Issues Observations Regarding Fund Derivatives Disclosure
  • New California Account Opening Disclosure Requirement
  • SEC Supports Sarbanes-Oxley Whistleblower Provisions for Adviser Employees

Enforcement Actions

  • SEC Charges Former Audit Partner and Son With Insider Trading

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