Topics:

Litigation

• Appeals Court Vacates SEC’s Proxy Access Rule

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

Other News

• SEC Staff Issues “Pay-to-Play” No-Action Relief for Advisers to Registered Funds
• GAO Submits Report on Mutual Fund Advertising

Enforcement Actions

• SEC Charges Former Goldman Sachs Employee and His Father with Insider Trading in Securities Underlying an ETF
• Janney Montgomery Scott Charged for Failure to Maintain and Enforce Policies to Prevent Misuse of Material, Nonpublic Information

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