In this issue:

- SEC Division of Corporation Finance Issues 13 New and Revised C&DIs

- CFTC Issues Final Trade Execution Rules

- CFTC Issues Interpretive Guidance on Disruptive Trade Practices

- New York District Court Dismisses Complaint Alleging Foreign Antitrust Activity

- Massachusetts District Court Affirms Scienter Requirement of False Statement Crime

- Amendment of Public Company ESOPs may be Required

- Excerpt from: Amendment of Public Company ESOPs may be Required

Many public companies allow their employees to invest a portion of their retirement plan balances in company stock. By making a company stock fund an available investment in a 401(k) plan, employees may share the potential gains otherwise reserved for stockholders. If the stock fund is structured to meet the legal requirements of an employee stock ownership plan (ESOP), the company can get an extra benefit—dividends paid on public company shares held by an ESOP can be deducted by the company.