SEC brings action against independent fund trustees and provides gloss on section 15(C) process *

USA - May 9 2013
May 9, 2013 -- The SEC has settled a noteworthy enforcement action against mutual fund trustees -- including independent trustees -- and service…

Co-authors: Ann Furman.

---

SEC charges fund independent directors on valuation of portfolio securities *

USA - December 12 2012
The SEC has announced charges against former investment company directors for violating their duties to price portfolio securities under the Investment Company Act of 1940 ("ICA").

---

Rules for SEC rule-writers *

USA - October 30 2012
The SEC staff has made public a potentially significant March 2012 memorandum providing internal guidance to SEC rule-writers about the economic analysis required in SEC rulemakings.

---

Applying Janus one year later *

USA - August 27 2012
Two principal questions have emerged as courts have endeavored to apply the U.S. Supreme Court’s decision a year ago in Janus Capital Group, Inc. v. First Derivative Traders, which held that primary liability based on Rule 10b-5 under the Securities Exchange Act is limited to those with ultimate authority over alleged misstatements.

---

SEC disclosure report may advance VA summary prospectus *

USA - June 4 2012
The SEC has a July 21 deadline to submit to Congress a report of its study of financial literacy and disclosure improvement mandated by the Dodd-Frank Act.

---