Corporate and Financial Weekly Digest - March 12, 2010

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In This Issue:

*LITIGATION

..Group Pleading Improper in CFTC Enforcement Action

..Summary Judgment on Fiduciary Duty of Disclosure Claim Vacated

*BROKER DEALER

..Historic TRACE Data to Become Available March 31

..SEC to Make Mid-Year Rate Adjustment for Exchange Act Section 31 Fees

*PRIVATE INVESTMENT FUNDS

..CFTC Chairman Testifies on OTC Derivatives Reform

..Senators Introduce PROP Trading Act Similar to “Volcker Rule” Proposal

*OTC DERIVATIVES

*CFTC

..Supreme Court Rejects Appeal of Ruling That Manager of a Feeder Fund is a Commodity Pool Operator

..CFTC Allows Funds Managed by Commonly Controlled Entities to “Designate” CPO

*INVESTMENT COMPANIES AND INVESTMENT ADVISERS

..SEC Updates Custody Rule FAQ

*BANKING

..FinCEN Issues Guidance Requiring Financial Institutions to Obtain Beneficial Ownership Information in Certain Cases

*EXECUTIVE COMPENSATION AND ERISA

..DOL Issues Proposed Rule Relating to Investment Advice in Individual Account Plans

*UK DEVELOPMENTS

..Retired Senior Trader Jailed for Insider Dealing

..FSA Publishes New Financial Penalties Framework

Please see full newsletter below for more information.

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