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New York adopts revisions to Regulation 118 governing audited financial statements
- Edwards Wildman Palmer LLP
- -
- USA
- -
- January 12 2010
On December 28, 2009, the New York Insurance Department ("NYID") issued a Notice of Emergency adoption revising Regulation 118 to implement new audit and reporting standards on an emergency basis
U.S. Securities and Exchange Commission brings civil action against former New Century executives
- Edwards Wildman Palmer LLP
- -
- USA
- -
- January 6 2010
On December 7, 2009, the SEC charged three former executives of New Century Financial Corporation with securities fraud
District Court dismisses subprime class action case with prejudice
- Edwards Wildman Palmer LLP
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- USA
- -
- October 20 2010
The U.S. District Court in Manhattan recently dismissed a securities class action brought by a proposed class of investors, alleging that the company and two of its senior officers violated Section 10(b) of the Securities Exchange Act of 1934 (“Exchange Act”) and SEC Rule 10b-5 by making false or materially misleading disclosures about the company’s risk management and exposure to mortgage-related securities
Changes in securities & insurance regulation affecting enforcement strategies ALI-ABA conference on insurance & financial services litigation
- Edwards Wildman Palmer LLP
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- USA
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- July 19 2010
Speakers at the ALI-ABA's annual conference on insurance and financial services regulation in Chicago offered extensive commentary on changes in enforcement strategies for insurance and securities fraud, in light of recent overhauls to the regulatory scheme
Senate financial reform bill to be unveiled Monday; bipartisan negotiations fall apart
- Edwards Wildman Palmer LLP
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- USA
- -
- March 11 2010
Senate Banking, Housing and Urban Affairs Committee Chairman Christopher Dodd (D-CT) announced Thursday morning that he will release his updated financial regulatory reform bill on Monday
Connecticut Attorney General labels credit rating agencies as “enablers of the wrongdoing,” and calls for regulatory reform to end their system of compensation
- Edwards Wildman Palmer LLP
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- USA
- -
- April 26 2010
On April 23, 2010, Connecticut Attorney General Richard Blumenthal gave written testimony during to a hearing held by the U.S. Senate’s Permanent Subcommittee on Investigations regarding the nation’s financial rating agencies
Former Tyco director settles with pension fund in opt-out action
- Edwards Wildman Palmer LLP
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- USA
- -
- January 4 2010
In 2002, Tyco became embroiled in a well-publicized scandal arising out of alleged corporate looting by the company’s top management
Supreme Court upholds Gartenberg test for mutual funds’ compensation of investment advisers
- Edwards Wildman Palmer LLP
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- USA
- -
- May 5 2010
The Supreme Court recently issued an important decision regarding the test for determining whether an investment adviser has violated its "fiduciary duty" to a mutual fund by charging excessive fees under 36(b) of the Investment Company Act of 1940
District of New Jersey dismisses securities fraud claims against company that suffered data breach
- Edwards Wildman Palmer LLP
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- USA
- -
- March 29 2010
Late last year, the United States District Court for the District of New Jersey dismissed a securities fraud litigation that had been brought against a payment card processor in connection with the theft, by cybercriminals, of credit and debit card information from the company's computer system
State insurance commissioners make their case for inclusion in the Financial Stability Oversight Council
- Edwards Wildman Palmer LLP
- -
- USA
- -
- June 18 2010
In a letter from the National Association of Insurance Commissioners (the "NAIC") to both House and Senate leaders, state insurance commissioners urged lawmakers to designate a non-voting seat for state banking, insurance and securities regulators on the Financial Stability Oversight Council (the "FSOC"
Current Search
- Jurisdiction - USA
- Workarea - Capital Markets
- Author - Victoria Anderson