Topics:

New Rules, Proposed Rules and Guidance

• SEC Proposes Rules to Implement JOBS Act Provisions for Elimination of Prohibitions Against General Solicitation in Private Offerings
• SEC and CFTC Adopt Further Definitions of Swap and Related Terms
• CFTC Extends Compliance Date for CPO and CTA Registration

Other News

• Mutual Fund Directors Forum Issues Practical Guidance for Fund Directors on Oversight of Proxy Voting
• PCAOB Adopts Standard on Auditor Communications with Audit Committees
• PCAOB Issues Guidance on Inspection Process

Enforcement Actions

• Federal Court Vacates and Remands the CFTC’s Position Limits Rule
• SEC Settles Charges Against Adviser for Failing to Disclose Revenue Sharing Payments and Other Conflicts of Interest
• SEC Charges Former Adviser to NASCAR Mutual Fund with Securities Law Violations

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