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2009 SEC trends

  • Porter Wright Morris & Arthur LLP
  • -
  • USA
  • -
  • January 16 2009

What does 2009 hold in store for the SEC?

House bill introduced on exclusion of partnership debt from “acquisition indebtedness”

  • Bricker & Eckler LLP
  • -
  • USA
  • -
  • August 31 2009

House Bill 3497 (Rep. Levin, D-Mich), introduced on July 31, would add a provision to the tax code stating that “acquisition indebtedness” for exempt organizations’ unrelated business taxable income purposes does not include debt incurred by a partnership in purchasing qualified securities or commodities

SEC adopts interim final temporary rules for eligible credit default swaps to facilitate operation of central counterparties

  • Alston & Bird LLP
  • -
  • USA
  • -
  • January 15 2009

Yesterday, the Securities and Exchange Commission (SEC) adopted interim final temporary rules granting exemptions under various securities law requirements for credit default swaps (CDS) to facilitate the operation of one or more central counterparties (CCPs) for those CDS

SEC approves credit default swap exemptions

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • January 16 2009

The Securities and Exchange Commission (“SEC”) has issued two exemptive orders and interim final rules designed to facilitate the operation of one or more clearinghouses for credit default swaps (“CDS”

The Group of Thirty publishes report outlining a framework for financial stability

  • Alston & Bird LLP
  • -
  • USA
  • -
  • January 16 2009

Yesterday, the Group of Thirty (G30), a private, nonprofit, international body that aims for further understanding of international economic and financial issues, released a report entitled “Financial Reform: A Framework for Financial Stability."

Proposed bill to amend the Internal Revenue Code of 1986 may allow U.S. tax-exempt investors to invest in domestic funds without incurring unrelated business income tax

  • Lowenstein Sandler PC
  • -
  • USA
  • -
  • September 1 2009

U.S. House of Representatives Bill 3497 would add a special rule for securities and commodities acquired by partnerships in which a tax-exempt organization is a partner with limited liability

SEC and CFTC hold joint meetings on regulatory harmonization

  • Alston & Bird LLP
  • -
  • USA
  • -
  • September 5 2009

This week, the Commodities Futures Trading Commission and the Securities and Exchange Commission held joint meetings to discuss the harmonization of the two commissions’ regulatory regimes

CFTC Chairman suggests enhancements to proposed legislation regulating OTC derivatives, SEC and CFTC to hold joint hearings on regulatory harmonization

  • McDermott Will & Emery
  • -
  • USA
  • -
  • August 27 2009

Chairman Gensler's recommendations include amendments to existing laws such as the Bankruptcy Code, the Federal Deposit Insurance Corporation Improvement Act of 1991 and the core principles of the Commodity Exchange Act

CFTC and SEC sign collaboration agreement

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • March 14 2008

On March 11, the Commodity Futures Trading Commission and the Securities and Exchange Commission signed an agreement of mutual cooperation

SEC charges hedge fund manager and bond salesman in first insider trading case involving credit default swaps

  • Jones Day
  • -
  • USA
  • -
  • May 28 2009

On May 5, 2009, the U.S. Securities and Exchange Commission ("SEC") brought an action in the U.S. District Court for the Southern District of New York alleging the "the first insider trading enforcement action involving credit default swaps."