BNA INSIGHTS: The D.C. Circuit Finds the SEC’s Proxy Access Rule to Be Arbitrary and Capricious

In a widely-publicized decision issued on July 22, 2011, the United States Court of Appeals for the District of Columbia Circuit vacated the SEC’s “Proxy Access Rule.” Business Roundtable and Chamber of Commerce of the United States v. SEC…

Galleon Insider Trading Case Defendants Ask Court Not to Allow SEC to Bypass Constraints on Wiretap Access

Galleon defendants Raj Rajaratnam and Danielle Chiesi Feb. 25 urged the U.S. Court of Appeals for the Second Circuit not to allow the Securities and Exchange Commission…

As Legislators Ponder Credit Default Swaps Regulation, Clearing Moves Forward on Voluntary Basis

NEW YORK—Derivatives dealers in December began registering single-name U.S. credit default swap transactions for the first time while U.S. lawmakers contemplated legislation that would, also for the first time, regulate the financial instruments…