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Results: 1-10 of 55

Attention compliance officers: SEC, CFTC and FINRA issue best practice statement for business continuity and disaster recovery planning
  • Reed Smith LLP
  • USA
  • August 16 2013

On August 16th, the SEC, CFTC and FINRA issued a statement regarding best practices with respect to business continuity planning. The statement


PCAOB adopts new Auditing Standard No. 16 “Communications with Audit Committees”
  • Reed Smith LLP
  • USA
  • August 24 2012

On August 15, 2012, the Public Company Accounting Oversight Board (PCAOB) announced its adoption of new Auditing Standard No. 16 “Communications with Audit Committees.”


At least one big fish enters the murky regulatory waters of social media
  • Reed Smith LLP
  • USA
  • June 6 2011

On May 25, 2011, Morgan Stanley Smith Barney announced that it is launching a staged rollout of a program that would allow its financial advisors (FAs) to interact with clients and others on social media websites Twitter and LinkedIn through pre-approved public updates and private LinkedIn emails, invitations, and introductions


The FSA has published its markets regulatory agenda
  • Reed Smith LLP
  • United Kingdom
  • June 3 2010

Key focus of the FSA in this area will be on: reforming OTC derivative markets; stronger global standards for clearing houses; better arrangements for handling defaults in the clearing and settlement system; greater transparency in non-equity markets; and establishing the regime for oversight of credit rating agencies


FINRA issues notice for financial firms using social media
  • Reed Smith LLP
  • USA
  • February 4 2010

On January 25, 2010, the Financial Industry Regulatory Authority, or FINRA, issued a regulatory notice giving guidance on how FINRA rules governing communication with the public apply to social media sites that are sponsored by a financial firm or its registered representatives


FINRA seeks comments on proposed FINRA Rule 3160
  • Reed Smith LLP
  • USA
  • August 31 2009

On Aug. 11, 2009, the Securities and Exchange Commission ("SEC") provided notice of FINRA's proposal to adopt NASD Rule 2350 (BrokerDealer Conduct on the Premises of Financial Institutions), also known as the "Bank Broker-Dealer Rule," as FINRA Rule 3160 (Networking Arrangements Between Members and Financial Institutions) in the Consolidated FINRA Rulebook


FINRA proposes to exempt market letters from pre-approval requirement
  • Reed Smith LLP
  • USA
  • October 3 2008

On Sept. 25, 2008, the SEC issued for comment proposals by FINRA to amend NASD Rules 2210 (Communications with the Public) and 2211 (Institutional Sales Material and Correspondence) and Incorporated New York Stock Exchange Rule 472 (Communications with the Public) to exempt "market letters" from FINRA's principal pre-approval requirements


FINRA issues guidance on review and supervision of electronic communications
  • Reed Smith LLP
  • USA
  • December 11 2007

On Dec. 7, 2007, FINRA (formerly NASD) issued formal Guidance Regarding Review and Supervision of Electronic Communications by member broker-dealer firms


SEC reaffirms shareholder proposal authority and promotes electronic forums
  • Reed Smith LLP
  • USA
  • November 30 2007

In an effort both to address litigation surrounding shareholder director nominations on public company proxy cards and to promote communication among shareholders and public companies, the Securities and Exchange Commission has adopted rules to codify its interpretation of Rule 14a-8(i)(8) and facilitate the use of shareholder electronic forums


The contours of legal advice vs. business advice: In Re Omnicom Group Inc., securities litigation, 233 F.R.D. 400 (S.D.N.Y. 2006)
  • Reed Smith LLP
  • USA
  • October 5 2007

The plaintiffs in this securities fraud class action purchasers of stock in defendant Omnicom corporation sought to compel the production of documents which Omnicom claimed were protected by the attorney-client privilege