The Oklahoma Supreme Court held that an initiative to amend the state's constitution does not violate the state's constitutional rule that a public
On July 30, the Multistate Tax Commission (MTC) approved amendments to the Multistate Tax Compact's (1) definition of nonbusiness income, (2)
Shareholders may be able to gain access to companies’ proxy statements through shareholder proposals, even though the Securities and Exchange Commission’s (the SEC’s) proposed Rule 14a-11 was overturned by the courts.
In response to the Congressional directives contained in Title IV of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd Frank Act”), the U.S. Securities and Exchange Commission (“SEC” or “Commission”) adopted new rules and rule amendments under the Investment Advisers Act of 1940, as amended (the “Advisers Act”), which will require advisers to hedge funds and other private funds to register with the SEC
On June 24, 2011, the tri-agency task force drafting regulations under the Patient Protection and Affordable Care Act (PPACA) published interim final regulations amending the regulations regarding internal claims and appeals and external review processes for group and individual health care coverage issued in July 2010.
At an open meeting yesterday, the U.S. Securities and Exchange Commission (“SEC” or “Commission”) adopted new rules and rule amendments under the Investment Advisers Act of 1940, as amended (the “Advisers Act”), which: (i) will require advisers to hedge funds and other private funds to register with the SEC; (ii) establish new exemptions from SEC registration and reporting requirements for certain advisers that are exempt from registration (“exempt reporting advisers”); and (iii) reallocate regulatory responsibility for advisers between the SEC and the states.
In Pezza v. Investors Capital Corp., a Massachusetts federal district court held recently that Section 922 of the Dodd-Frank Act, which amends the Sarbanes-Oxley Act (SOX) whistleblower protections to bar enforcement of pre-dispute arbitration agreements in whistleblower challenges, applies retroactively.
Former Florida Gov. Charlie Crist and former state Chief Financial Officer Alex Sink announced yesterday that they plan to propose a state constitution amendment to ban offshore exploration and production activities in Florida state waters.
The Sandy Springs, Georgia, City Council revised its Business and Occupation Tax ordinance on December 21, 2010 in an effort to foster economic development and alleviate the potential chilling effect on the City's business climate.
On November 30, 2010, the Department of Labor (DOL) proposed new regulations requiring plan fiduciaries to provide enhanced disclosures about target date funds to retirement plan participants directing their own investments.