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USA - August 25 2011
Over the past two years, there has been a considerable amount of regulatory activity related to credit ratings and rating agencies.
USA - August 25 2011
On August 23, 2011, the New Hampshire Bureau of Securities Regulation announced that it had issued a consent order in its proceedings against UBS Financial Services, Inc. relating to sales of Lehman Brothers structured products.
USA - August 2 2011
In this issue of Structured Thoughts, we discuss the SEC's report of its sweep examination of retail structured products, the RIC commodity ruling update, and In re Lehman Brothers and principal protection.
USA - August 2 2011
On July 27, 2011, Judge Lewis Kaplan issued a ruling in the case In re Lehman Brothers Securities and ERISA Litigation, in which the plaintiffs include pension funds, companies and individuals that were purchasers of various classes of equity and debt securities issued by Lehman Brothers Holdings Inc.
USA - August 2 2011
We learned last week that the Internal Revenue Service (“IRS”) has imposed an informal moratorium on private letter rulings for regulated investment companies (“RICs”) that invest in commodities through foreign subsidiaries or structured notes, presumably because the government is reconsidering the tax issues involved.
