In This Issue:

*SEC/CORPORATE

..SEC, CFTC Announce Establishment of Joint Advisory Committee on Emerging Regulatory Issues

*BROKER DEALER

..SEC Commissioner Issues Statement Supporting Fiduciary Duty for Broker-Dealers Who Provide Investment Advice

..CBOE Harmonizes Guarantee and Profit Sharing, Customer Confirmation and Options Communications Rules with FINRA Rules

*PRIVATE INVESTMENT FUNDS

..Senators Propose Wall Street Reform Bill Amendment to Restrict High-Risk Proprietary Trading

*OTC DERIVATIVES

..Judge Overseeing Lehman Brothers Bankruptcy Cases Issues Decision on Setoff in Bankruptcy and Directs Swedbank AB to Surrender Post-Petition Deposits

*CFTC

..CFTC Issues Advisory Regarding Intraday Position Limit Violations

..CFTC Permits Direct Access to Imarex Electronic Terminals within the U.S.

*LITIGATION

..Venue Improper Despite Defendant's Significant Sales, Advertising

..True Financial Condition Securities Claims Survive Summary Judgment

*BANKING

..FDIC Releases Proposed Rule Regarding Reporting Requirements for Certain Large Insured Depository Institutions

*EXECUTIVE COMPENSATION AND ERISA

..Target Date Retirement Fund Investor Bulletin Issued by DOL and SEC

Please see full newsletter below for more information.