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…

SEC Issues Guidance on Shortcomings in Mutual Funds’ Derivatives Disclosures

Securities and Exchange Commission staff July 30 issued guidance to the Investment Company Institute highlighting various shortcomings…

ANALYSIS: SEC Faces Battles in Implementing Financial Reform Legislation, Lawyers Say

Over the next two years, potential minefields and major battles await the Securities and Exchange Commission, as it undertakes rulemaking to implement the recently enacted…

Obama Signs Reform Bill To Overhaul Regulation of Financial Markets

President Obama July 21 signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act, the most sweeping overhaul of…

Senate Sends Financial Regulatory Reform Bill to White House for President’s Signature

The Senate voted 60-39 to approve legislation (H.R. 4173) July 15 that would overhaul regulation of banks and other financial services companies and change…

In Blow to SEC, Court Dismisses Charges in First Insider Trading Case Involving Swaps

In a stunning defeat for the Securities and Exchange Commission, the U.S. District Court for the Southern District of New York June 25 dismissed the agency’s first…

House Clears Financial Reform Bill Along Party Lines, Senate Action Delayed

The House approved landmark legislation (H.R. 4173) June 30 that would overhaul U.S. financial services regulation with new controls on large and interconnected financial…

Australian Hedge Fund That Lost Millions Sues Goldman Sachs over CDO Viability

An Australian hedge fund June 9 alleged that Goldman Sachs Group Inc. (GS) made misleading statements and omissions in connection with investments in…

House-Senate Conferees Begin Work on Financial Reform Bill; House Financial Services Panel Chair Predicts Interchange Limits Will Stay

Controversial Senate language that would cap interchange fees that retailers pay to payment card companies for use of their debit cards will likely be included in…

Showdown over ‘Volcker Rule’ Looms as Conferees Begin Work on Financial Reform Bill

As House and Senate conferees June 10 kick off the process of finalizing sweeping financial regulatory reform legislation, a key area of controversy is…

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