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Results: 1-10 of 17

IOSCO publishes recommendations on unregulated financial markets and products
  • Alston & Bird LLP
  • Global
  • May 6 2009

Yesterday, the International Organization of Securities Commissions’ (IOSCO) Technical Committee released a report prepared by its Task Force on Unregulated Financial Markets and Products


SEC files first credit default swap insider trading enforcement action
  • Alston & Bird LLP
  • USA
  • May 6 2009

Yesterday, the Securities and Exchange Commission filed a civil action against two individuals working in the financial services industry, charging them with insider trading in credit default swaps of VNU N.V., an international holding company that owns Nielsen Media and other media businesses


House Financial Services Committee holds hearing on effect of Lehman Brothers bankruptcy on state and local governments
  • Alston & Bird LLP
  • USA
  • May 5 2009

Today, the House Financial Services Committee, chaired by Representative Barney Frank (D-MA), held a hearing on the effects of the Lehman Brothers bankruptcy on state and local governments and other publicly-funded entities


AIG announces intention to sell part of its stake in Transatlantic Holdings
  • Alston & Bird LLP
  • USA
  • May 29 2009

Yesterday, American International Group, Inc. (AIG) announced its intentions to sell a portion of its 59 stake in Transatlantic Holdings Inc. (TRH), a reinsurer that is publicly traded on the New York Stock Exchange, in an underwritten secondary offering intended to raise capital for AIG


Membership of Congressional Oversight Panel changes
  • Alston & Bird LLP
  • USA
  • May 23 2010

On Friday, Congressional Oversight Panel Chair Elizabeth Warren announced the resignation of former Securities and Exchange Commissioner Paul Atkins from the Congressional Oversight Panel


SEC votes to adopt statement reaffirming SEC commitment to move US towards IFRS
  • Alston & Bird LLP
  • USA
  • February 24 2010

At an open meeting held today, the five Commissioners of the Securities and Exchange Commission (SEC) voted unanimously to issue a statement reaffirming the SEC’s commitment to determine whether to move U.S. companies towards the use of global accounting standards, or International Financial Reporting Standards (IFRS) for financial reporting, instead of U.S. Generally Accepted Accounting Principles (GAAP


SEC charges Citigroup and two executives in connection with misleading information regarding exposure to subprime assets
  • Alston & Bird LLP
  • USA
  • July 30 2010

Yesterday, the Securities and Exchange Commission ("SEC") charged Citigroup with misleading investors concerning the company's exposure to subprime mortgage-related assets


FSA publishes discussion paper on fundamental changes to trading activity regulation
  • Alston & Bird LLP
  • United Kingdom
  • August 25 2010

Today, the U.K. Financial Services Authority (FSA) published a discussion paper entitled “The prudential regime for trading activities - a fundamental review” that considers fundamental changes to the regulation of trading activities


SEC proposes new regulatory framework governing mutual fund distribution fees to replace Rule 12b-1
  • Alston & Bird LLP
  • USA
  • August 30 2010

On July 21, 2010, the Securities and Exchange Commission (SEC) voted unanimously to propose new rule and rule and form amendments under the Investment Company Act of 1940 (the "1940 Act"), the Securities Act of 1933 (the "Securities Act") and the Securities Exchange Act of 1934 (the "Exchange Act"), each as amended, regarding the regulation of distribution fees paid by registered open-end management investment companies, or mutual funds (the "Proposal"


European Parliament approves financial supervision reform package
  • Alston & Bird LLP
  • European Union
  • September 23 2010

Yesterday, the European Commission voted to approve the financial supervision reform package, which will shift the manner in which banks, stock markets and insurance companies are supervised and policed in Europe