In this issue

Market and Product Developments

• Securities Industry Implements T+2 Settlement Cycle

Public Statements, Press Releases and Testimony

• SEC Names Dalia Blass as Director of the Division of Investment Management

Litigation and Enforcement Actions

• Ninth Circuit Affirms Dismissal of Breach of Contract and Fiduciary Duty Claims Against PIMCO but Rules Lower Court Should Have Dismissed Claims for Lack of Jurisdiction

Download the Regulatory Update below.