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USA - July 15 2011
At an open meeting June 22, 2011 (the "June 22 Meeting"), the Securities and Exchange Commission (the "SEC" or "Commission") voted to adopt new rules and rule amendments under the Investment Advisers Act of 1940 (the "Advisers Act") that will
USA - February 8 2011
In MSRB Notice 2011-04 ("Notice 2011-04"), dated January 14, 2011, the Municipal Securities Rulemaking Board ("MSRB") proposed for comment:MSRB Rule G-42, a "pay to play" rule for municipal advisors ("Proposed MSRB Rule");Changes to MSRB Rule G-37, the existing MSRB "pay to play" rule for brokers, dealers and municipal securities dealers (collectively, "dealers"); andChanges to MSRB Rules G-8 and G-9, which relate to recordkeeping requirements.
USA - October 6 2010
While it took years for Form ADV to be revised, an investment adviser registered, or required to be registered, under the Investment Advisers Act of 1940 (“Advisers Act”) does not have even one year to comply with the amendments to Form ADV, and certain related Advisers Act rules, that were promulgated by the U.S. Securities and Exchange Commission (“SEC”) on July 28, 2010.
USA - September 22 2010
The municipal advisor registration requirements under Section 975 of the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank Act") become effective October 1, 2010.
USA - August 10 2010
The US Securities and Exchange Commission ("SEC") has adopted Rule 206(4)-5 (the "Pay to Play Rule") under the Investment Advisers Act of 1940 ("Advisers Act") to curtail what the SEC believes represent "pay to play" practices and arrangements involving state and local government entities, including public pension plans.
