In This Issue:
..SEC Chairman Issues Statement on GAAP-IFRS Convergence Project
..SEC Approves Amendments to Trade Reporting Requirements for Restricted Equity Securities and Revisions to OTC Equity Security Definition
*PRIVATE INVESTMENT FUNDS
..Carried Interest Legislation Passes House
..District Court Denies Motion to Dismiss in Options Backdating Action
..Claims Concerning Food Packaging Allowed to Proceed
..Unlawful Internet Gambling Enforcement Act of 2006 Examination Procedures
..FSA Fines and Bans Commodity Broker
..FSA Insider Dealing Prosecution Fails
..CESR Publishes European Short Selling Technical Details
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