Topics

New Rules, Proposed Rules and Guidance

• CFTC Adopts Rule Amendments to Harmonize Compliance Obligations for Commodity Pool Operators of Registered Investment Companies
• Division of Investment Management Issues Guidance Regarding Certain Disclosure and Compliance Matters for Funds That Invest in Derivatives
• SEC Adopts Rule Amendments to Implement JOBS Act Provisions for the Elimination of Prohibitions Against General Solicitation in Private Offerings
• SEC Adopts Rule Amendments to Disqualify Felons and Other "Bad Actors" from Rule 506 Private Offerings
• SEC Proposes Additional Amendments to Form D, Regulation D and Rule 156 Under the Securities Act

Other News

• SEC's Office of Compliance Inspections and Examinations Issues Risk Alert on Advisers' Business Continuity and Disaster Recovery Planning
• PCAOB Proposes Changes to the Auditor's Reporting Model
• SEC Commissioner Gallagher Discusses the Need for Proxy Advisory Service Reform

Litigation and Enforcement Actions

• Massachusetts Supreme Court Clarifies Annual Shareholder Meeting Requirement
• Complaint Filed Against ING Investments Alleging Excessive Management Fees
• District Court Dismisses Complaint Against BlackRock and iShares for Excessive Securities Lending Fees
• SEC Sanctions Portfolio Manager for Forging Documents and Misleading Chief Compliance Officer
• SEC Charges Investment Adviser for Misleading Fund Board During 15(c) Process
• Seventh Circuit Seeks Clarification Regarding Insider Trading Prohibitions and Mutual Fund Redemptions
• Second Circuit Affirms Dismissal of Class Action Against ProShares ETFs

To read the Regulatory Update, click the link below.