Topics:

Litigation

• District Court Permits Shareholder Litigation Against Oppenheimer to Continue

New Rules, Proposed Rules and Guidance

• SEC Adopts Reporting Obligations for Advisers to Private Funds

Other News

• PCAOB Issues Concept Release on Auditor Independence and Audit Firm Rotation
• ICI and IDC Issue White Paper on Board Oversight of Risk Management
• SEC Staff Issues “Pay-to-Play” No-Action Relief for Advisers to Registered Funds

Enforcement Actions

• SEC Settles Charges Against Morgan Stanley Investment Management for Improper Subadvisory Fee Arrangement
• SEC Orders FINRA to Hire Independent Consultant and Undertake Remedial Measures Related to Records Integrity and Document Production
• SEC Charges Former Goldman Sachs Employee and His Father with Insider Trading in Securities Underlying an ETF

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