In this issue:

- SEC to Extend Filing Deadlines for Filers Affected by Hurricane Sandy

- NFA Launches FCM Financial Information Platform

- FINRA Amends Rules Relating to Research Analysts and Research Reports

- FINRA Amends Stop and Stop Limit Order Rules

- Court Rules That Plaintiffs Failed to Establish “Scheme Liability” in Securities Case

- Court Finds Defendants Jointly and Severally Liable for Disgorgement and Prejudgment Interest Award in Ponzi Scheme Case

- Banking Agencies Expect to Delay Implementation of New Capital Rules Beyond January 1, 2013

- Section 409A Transition Relief Deadline Quickly Approaching

An excerpt from "Section 409A Transition Relief Deadline Quickly Approaching"

As the end of the year approaches, important transition relief from penalties and excise taxes imposed by Section 409A of the Internal Revenue Code (the Code) is about to expire. If an employer has an employment agreement or other nonqualified deferred compensation plan that provides for severance payments to an employee only if such employee executes a release, there may be a technical violation of Code Section 409A. The Internal Revenue Service allows for correction of such technical violations without penalty, but the correction must occur before December 31, 2012.