USA - July 11 2012 The SEC and CFTC (the "Commissions") have approved long-awaited joint rules and interpretations concerning certain key definitions, including "swap" and "security-based swap" (collectively "Swaps").
USA - June 4 2012 Litigation always has the potential to influence issuers’ business considerations, including those relevant to the materials used in connection with sales of their products.
USA - June 4 2012 FINRA Notice 12-03 sets forth guidance to member firms about products viewed as “complex.”
USA - May 9 2012 In an interpretation of the Jumpstart Our Business Startups (JOBS) Act last week, the SEC staff resolved a regulatory uncertainty adversely to registered investment companies, as did the CFTC a few weeks ago in amending its Rule 4.5.
USA - May 3 2012 As has long been expected, Congressman Spencer Bachus (RAL) last week introduced legislation (H.R. 4624) to require most investment advisers to become members of an investment adviser self regulatory organization ("SRO").