In this issue:
*SEC/CORPORATE
*BROKER DEALER
..FINRA Issues Guidance on Master Accounts and Sub-Accounts
*PRIVATE INVESTMENT FUNDS
..Treasury Secretary Recommends That European Commission Maintain Level Regulatory Playing Field
*INVESTMENT COMPANIES AND INVESTMENT ADVISERS
*LITIGATION
..Last-Misrepresentation Theory Did Not Render Claims Against All Defendants Timely
..Misrepresentations Allegedly Made After Sale Held Insufficient to Sustain Securities Fraud Claim
*BANKING
..FDIC Sells Equity Interest in Loans
*STRUCTURED FINANCE AND SECURITIZATION
..SEC Proposes Revisions to Structured Finance Offering Rules
*EXECUTIVE COMPENSATION AND ERISA
..Health Care Reform Legislation Provides a Surprise to Large Employer VEBAs
*UK DEVELOPMENTS
..HFSB Publishes Revised Best Practice Standards
..FSA Consults on Enhancing Client Asset Protection
..More FSA Criminal Insider Dealing Cases
..FSA Announces Fines Totalling £4.2 Million for Transaction Reporting Failures
*EU DEVELOPMENTS
..CESR Publishes Call for Evidence on European Equity Market Issues
Please see full publication below for more information.