Title

Investment Management Regulatory Update
A Summary of Current Investment Management Regulatory Developments

Created date

8/5/2009

LITIGATION

  • Two Decisions Highlight Uncertainty of Section 10(b) Liability
  • SEC Sanctions Ram Capital for Violating Broker Registration Requirements
  • SEC, Perry Capital Settle Disclosure Violation Charges
  • FINRA Fines Merrill Lynch, UBS over Closed-End Fund Sales

SEC RULES AND REGULATIONS

  • SEC Proposes Rule to Curb Pay-to-Play Practices
  • SEC Adopts Final Rule 204 and Announces Other Short Sale Initiatives

INDUSTRY UPDATE

  • Treasury Department Releases Private Fund Investment Advisers Registration Act
  • Treasury Department Releases Investor Protection Legislation
  • Donahue Testifies on Regulation of Private Funds
  • SEC Chairman Testifies Before Congress on Financial Regulatory Reform Proposals
  • SEC Calls for Eliminating Prohibition Against Price Competition Among Broker-Dealers Selling Mutual Funds
  • SEC Launches Investor Advisory Committee
  • Federal "Red Flags Rules" Compliance Date Is Pushed Back to November 1, 2009
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