Investment Management Regulatory Update - June 2011
SEC Rules and Regulations
* SEC Proposes Rule on Disqualification of “Bad Actors” from Rule 506 Offerings
* SEC Proposes Rule on Disqualification of “Bad Actors” from Rule 506 Offerings
Industry Update
* FINRA Delays Implementation of Rule 5131(b) Prohibition on Spinning, Giving Fund Managers More Time to Collect Necessary Investor Information
* Treasury Extends First Reporting Date for Proposed Form SLT to September 30, 2011
* SEC Holds Roundtable on Money Market Funds and Systemic Risk
Litigation
* SEC Enters Into First-Ever Deferred Prosecution Agreement with Tenaris S.A. to Settle FCPA Violations
Litigation
* SEC Enters Into First-Ever Deferred Prosecution Agreement with Tenaris S.A. to Settle FCPA Violations
* FINRA Fines Wells Fargo Advisors $1 Million for Delays in Delivering Prospectuses and Reporting Required Information Regarding its Brokers
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