In this issue:
SEC/CORPORATE
*NASDAQ Amends Global Select Market Initial Listing Requirements
BROKER DEALER
*FINRA Issues Guidance Regarding Private Placement Obligations
FINANCIAL MARKETS
*Senate Committee Approves Wall Street Transparency and Accountability Act
CFTC
*NFA Proposes Amendments to “Know Your Customer” Rules
*CFTC to Consider Whether ICE, NGX, CCX Contracts Perform Significant Price Discovery Function
LITIGATION
*Anonymous Internet Promoter Liable for Securities Fraud
*Seller Had No Duty to Investigate Accuracy of Information
EXECUTIVE COMPENSATION AND ERISA
*Health Care Reform: Insured Health Plans to Comply with Nondiscrimination Rules
*COBRA Subsidy Extended Until May 31
UK DEVELOPMENTS
*FSA Fines London Stockbroker for Penny Stocks Failings
*FSA Announces Market Abuse Fines and Bans
EU DEVELOPMENTS
*CESR Consults on Technical Advice for the European Commission Review of MiFID
Please see full publication below for more information.