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New Rules, Proposed Rules and Guidance

  • SEC Proposes Rule on Institutional Investment Manager Reporting of Proxy Votes on Executive Compensation
  • FinCEN Extends Compliance Date for AML Travel Rule for Mutual Funds
  • SEC Proposes Rule Defining “Family Office” Adviser
  • SEC Stays Effectiveness of Amendments to Proxy Rules that Facilitate Rights of Shareholders to Nominate Directors
  • SEC Amends Regulation FD as Required by the Dodd-Frank Act
  • CFTC Requests Comments on Amendments to Limit the Use of Futures by Investment Companies


  • House Passes Regulated Investment Company Modernization Act of 2010
  • Congress Passes Legislation Limiting Confidentiality Protection for Materials Provided to the SEC
  • Whistleblower Provisions Under the Dodd-Frank Act


  • Funds Face Lawsuits Over Payments to Distributors; California Court Dismisses First Case
  • Massachusetts Supreme Court Rules on Application of the Business Judgment Rule
  • Ninth Circuit Finds No Private Right of Action under Section 13 of the 1940 Act

Other News

  • President’s Working Group Releases Report on Money Market Funds
  • CFTC and SEC Staff Issue Joint Report on May 6, 2010 Market Events
  • SEC’s Enforcement Head Testifies on Mutual Fund Fee Initiative
  • SEC Issues No-Action Letter on Soft Dollar Arrangements
  • SEC Staff Issues No-Action Letter and Interpretation under Rule 2a-7

Enforcement Actions

  • SEC Charges Hedge Fund Manager with Defrauding Investors by Overvaluing Fund Position
  • Former State Street Employees Charged by SEC for Misleading Investors About Subprime Mortgage Investments
  • SEC Charges Broker-Dealer for Deficient CIP Procedures
  • SEC Charges Former Audit Partner and Son With Insider Trading

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