Investment Management Regulatory Update - December 2011
Industry Update
- Treasury Department To Develop Anti-Money Laundering Rules for Investment Advisers
- Proposed Treasury Regulations Clarify U.S. Taxation of Investments by Foreign Governments
- SEC Grants No-Action Relief to Mutual Fund Proposing to Transfer Assets to Affiliated Liquidating Trust
Litigation
- Federal District Court Imposes $92.8 million Civil Penalty on Hedge Fund Manager Raj Rajaratnam
- SEC Settles with Advisory Firm for Improper Fees Paid to Mutual Fund Sub-Adviser
- FINRA Fines Brokerage Firm for Unsuitable Sales of UITs and Floating-Rate Loan Funds
This communication, which we believe may be of interest to our clients and friends of the firm, is for general information only. It is not a full analysis of the matters presented and should not be relied upon as legal advice. This may be considered attorney advertising in some jurisdictions. Please refer to the firm's privacy notice for further details.
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