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As expected, the DOL has officially delayed the applicability date of the full requirements of the Best Interest Contract (BIC) Exemption, Principal Transactions Exemption and PTE 84-24 b...
SEC Rules and Regulations
SEC Proposes Amendments to Investment Company Act and Advisers Act Rules to Require Hyperlinking of Certain Filings and Modernize Rules for Incorporation by Ref...
Industry Update
Treasury Department Publishes Recommendations on Regulation of Asset Management Industry
LabCFTC Releases Primer on Virtual Currencies
Litigation
SEC Charges Former Par...
Last Friday, November 24, 2017, the Department of Labor (the “DOL”) granted a delay of the full applicability date of various exemptions related to the fiduciary rule. Our prior blog...
Apple has submitted a letter to the SEC Staff arguing that the company should be able to exclude a shareholder proposal because its board has made a determination that the proposal is par...
The board should take action when director elections or say-on-pay votes receive less than 80% support, according to the Glass Lewis updated policy guidelines:
Board responsiveness. Glas...
Does the bipartisan Senate bill described in our earlier post leave large banks, i.e., banking organizations with $250 billion or more in total consolidated assets, and foreign banking or...
On November 21, 2017, the Financial Stability Board (“FSB”) has published its 2017 list of global systemically important banking organizations (“G-SIBs”) as determined by its annu...
On November 21, 2017, the Ninth Circuit issued a decision in Curry v. Yelp, Inc., No. 16-15104, affirming the district court’s dismissal with prejudice of a securities fraud action agai...
The U.S. banking agencies (the Federal Reserve, OCC and FDIC) have delayed the last phase of the U.S. Basel III capital rules’ transition provisions relating to certain deductions from ...