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USA - August 15 2012
In Bayerische Landesbank, New York Branch and Bayerische Landesbank, plaintiffs-appellants v. Aladdin Capital Management LLC, defendant-appellee, the US Court of Appeals for the Second Circuit considered whether the manager of a synthetic collateralized debt obligation transaction (CDO) owed any direct obligations or duties under the related portfolio management agreement (PMA) to the plaintiffs, as investors in the CDO.
USA - July 15 2011
On July 21, 2010, The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd- Frank) was signed into law, amending certain portions of the Investment Advisers Act of 1940, as amended (Advisers Act) effective July 21, 2011.
USA - March 8 2011
On March 3, 2011, the US Securities and Exchange Commission (SEC), in Release No. 33-9193; IC-29592 (the Release), proposed removing references to credit ratings from nationally recognized statistical rating agencies (NRSROs) in certain of its rules and forms under the Investment Company Act of 1940, as amended (the Investment Company Act).
USA - July 23 2010
At an open meeting convened on July 21, 2010, the US Securities and Exchange Commission (SEC) voted to adopt amendments to Part 2 of Form ADV and related rules.
USA - June 11 2010
On December 30, 2009, the US Securities and Exchange Commission (SEC) published its final rule amending certain custody requirements under the Investment Advisers Act of 1940, as amended (Advisers Act) for registered investment advisers (RIAs).
