In This Issue:
*SEC/CORPORATE
..SEC Issues New Compliance and Disclosure Interpretations
*BROKER DEALER
..SEC Approves New Stock-by-Stock Circuit Breakers Rules
*CFTC
..CFTC Proposes Rules Requiring Equal Access to Co-Location Services
*LITIGATION
..Receipt of Stock Options Insufficient to Show Continuation of Alleged Conspiracy
..Second Circuit Holds That Interpreting Contract as Requiring Exclusivity Would Be Illogical
*BANKING
..Bargain Purchase Gains Subject to Regulatory Cutback
..FDIC Issues Guidance on Deposit Placement and Collection Activities
*INSURANCE CAPITAL MARKETS
..Ambac Commutes Policies Supporting CDOs of Asset-Backed Securities with Banks
..Rhode Island Court Rules on Stranger-Originated Annuities
*EXECUTIVE COMPENSATION AND ERISA
..IRS Finalizes Public Employer Stock Fund Diversification Requirements
*UK DEVELOPMENTS
..FSA Annual Report Published
..FSA Continues to Focus on Client Money
Please see full publication below for more information.