Topics:

New Rules, Proposed Rules and Guidance

• SEC Proposes Extending Temporary Rule Regarding Adviser Principal Trades
• SEC Proposes Rules to Implement JOBS Act Provisions for Elimination of Prohibitions Against General Solicitation in Private Offerings

Other News

• IDC Issues White Paper on Board Oversight of Exchange-Traded Funds
• Professional Organizations Issue Guidance to Audit Committees Regarding Evaluation of External Auditors
• 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

Litigation and 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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