In this issue;

- House Approves Bills Providing Crowdfunding and Solicitation Exemptions

- SEC Approves New Exchange Rules to Toughen Listing Standards for Reverse Merger Companies

- Court Addresses Appropriate Procedure for Lead Plaintiff Appointment

- DOL Finalizes Investment Advice Guidance for 401(k) Type Plans

- Change in Virtual Data Room Used by the FDIC When Marketing Failing Financial Institutions

- Consumer Financial Protection Bureau To Identify and Eliminate Unnecessary and Burdensome Regulations

- FinCEN Issues FAQs Related to Prepaid Access Rule

- FSA Fines Private Investor $9.6 million for Market Abuse

An excerpt from FSA Fines Private Investor $9.6 million for Market Abuse;

On November 9, the UK Financial Services Authority (FSA) announced that it had fined Rameshkumar Goenka (Goenka), a Dubai based private investor, $9,621,240 for manipulating the closing price of Reliance Industries (Reliance) securities on the London Stock Exchange (LSE).

The $9,621,240 fine is the largest ever imposed by the FSA on an individual for market abuse. It comprises a penalty of $6,517,600 and a restitution element of $3,103,640. The FSA has stated that the restitution element will be used to reimburse the counterparty which overpaid Goenka that sum as a result of his market abuse.

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