Topics:

New Rules, Proposed Rules and Guidance

• Implementation of Identity Theft Prevention Programs Further Delayed Until June 1, 2010
• SEC Proposes Amendments to Rules Requiring Internet Availability of Proxy Materials
• SEC Proposes Rules to Enhance Credit Ratings Disclosure
• SEC Removes Rule References to Nationally Recognized Statistical Rating Organizations
• FINRA Requests Comments on Proposed Amendments to Rules Governing Communications With the Public
• SEC Adopts Rule Requiring Disclosure of Certain Money Market Fund Portfolio Information
• SEC Proposes Flash Order Ban
• SEC Proposes Changes to NYSE Corporate Governance Standards
• Massachusetts Proposes Amendments to Information Security Program Regulations and Compliance Deadline

New Legislation

• House Financial Services Committee Approves Private Fund Adviser Registration

Other News

• IDC Issues Task Force Report on Board Oversight of Fund Compliance
• SEC Provides No-Action Relief Permitting Foreign Funds to Invest in U.S. Funds in Excess of 1940 Act Limitations

Enforcement Actions

• FINRA Settles Auction Rate Securities Violations with Three Firms
• SEC Charges Adviser and Its CEO for Fraudulently Overstating Assets