In this issue:
- SEC Publishes Guidance for Investment Advisers and Proxy Advisory Firms Regarding Proxy Voting and Solicitation
- SEC Division of Corporation Finance Issues C&DIs Relating to Accredited Investor Verification Methods
- FINRA to Conduct Targeted Examinations Regarding Order Routing and Execution Quality of Customer Orders in Exchange-Listed Stocks
- SEC Settles Civil FCPA Action Against Two Former Oil Services Executives
- New York Jury Acquits Former Hedge Fund Manager of Insider Trading Conspiracy
- Excerpt from SEC Publishes Guidance for Investment Advisers and Proxy Advisory Firms Regarding Proxy Voting and Solicitation:
On June 30, the Securities and Exchange Commission’s Division of Investment Management and Division of Corporation Finance published Staff Legal Bulletin No. 20 (SLB 20), which offers guidance regarding investment advisers’ responsibilities in voting proxies and retaining proxy advisory firms, as well as the availability of two exemptions from federal proxy rules often relied upon by proxy advisory firms.
Please see full newsletter below for more information.
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Topics: Accredited Investors, Audits, C&DIs, Exchange-Traded Products, FINRA, General Solicitation, Hedge Funds, Insider Trading, Investment Adviser, Proxy Advisors, Proxy Voting Guidelines, SEC, Verification Requirements
Published In: Business Torts Updates, General Business Updates, Finance & Banking Updates, International Trade Updates, Securities Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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