SEC Rules and Regulations 

  • SEC Grants No-Action Relief to Exclude Tax Blocker from Definition of Investment Company
  • SEC Grants No-Action Relief from Surprise Examinations to Investment Advisers to 529 Plans

Industry Update

  • CFTC Provides Temporary Registration Relief to CPOs and CTAs that are Required to Register Solely Because of their Swap Activities; NFA Issues Notice that CPOs Relying on Rule 4.13(a)(4) Can Now Pre-file a Rule 4.7 Exemption
  • FINRA Rule 5123 Regarding Filing Obligations in Private Placements to Take Effect on December 3, 2012

Litigation

  • SEC Finds “In-Kind” Contributions Violate Pay-to-Play Rules
  • SEC Settles Charges Against Investment Advisers for Failure to Disclose Revenue Sharing Arrangement and Other Conflicts of Interest
  • Supreme Court to Address the Statute of Limitations for SEC Penalty Claims

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.