In Historic Rulemaking, SEC Allows Investors to Access Proxies to Nominate Directors

In a historic vote, the Securities and Exchange Commission Aug. 25 approved controversial rule amendments to facilitate the rights of shareholders under…

Feeder Fund Sues for Repayment of Millions of Dollars in Redemptions

A feeder fund that entrusted almost all of its investors’ money to convicted fraudster Bernard Madoff Aug. 16 sued 17 of its shareholders seeking repayment of redemptions it processed based…

CFTC Staff Allows U.S. Clients Access to Turkish Index Futures

The Commodity Futures Trading Commission’s Office of General Counsel issued a no-action letter Aug. 17 permitting the offer and sale in the United States of the Turkish Derivatives Exchange’s futures…

Hedge Fund Ordered to Disclose Investors’ Names, Paving Way for Litigation

The Delaware Supreme Court Aug. 12 affirmed a lower court’s decision compelling collapsed hedge fund Parkcentral Global L.P. to comply with an investor’s request for disclosure of…

ANALYSIS: In a Growing Sector, Green Building Procedures Involve Risks, Benefits, Pitfalls

Green building practices represent almost a $50 billion industry in the United States today. Despite declining construction in 2009, total square footage of green-certified buildings…

BNA INSIGHTS: Dodd-Frank Act May Complicate Antitrust Review of Acquisitions

With the exception of systemic risk considerations, the recently enacted financial reform legislation leaves intact the current antitrust review process for bank mergers…

Fed Issues Proposed, Final Mortgage Rules; FFIEC Issues Reverse Mortgage Guidance

The Federal Reserve Board is stepping up efforts to restructure ground rules for U.S. mortgage issuers with the Aug. 16 release of five separate rules and guidance…

BNA INSIGHTS: Dodd-Frank Wall Street Reform and Consumer Protection Act: An Examination of the Credit Rating Agency Provisions

On July 21, 2010, President Obama signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Act”). The law covers a wide variety of topics in…

In First Action of Its Kind, SEC, New Jersey Settle Charges over Alleged Municipal Bond Fraud

In a first action of its kind, the Securities and Exchange Commission announced Aug. 18 that it filed settled administrative charges that the state of…

District Court Refuses to Approve $75 Million Settlement Between Citigroup, SEC

The U.S. District Court for the District of Columbia Aug. 16 declined to sign off on Citigroup Inc.’s (C) preliminary agreement to pay $75 million to settle Securities…

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