SEC Loses Key Appellate Case Against Fund Distributor Executives
March 15, 2010 in Securities Regulation & Law Report · Leave a Comment
In a closely watched case, the full U.S. Court of Appeals for the First Circuit March 10 ruled that the Securities and Exchange Commission cannot…
ANALYSIS: SEC’s Top Ten Enforcement Developments of 2009
March 15, 2010 in Securities Regulation & Law Report · Leave a Comment
This article highlights significant developments during 2009 in the enforcement program of the U.S. Securities and Exchange Commission (“SEC”). Developments were selected because they may signal future trends or establish new legal standards…
Galleon Insider Trading Case Defendants Ask Court Not to Allow SEC to Bypass Constraints on Wiretap Access
March 3, 2010 in Alternative Investment Law Report · Leave a Comment
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…
ANALYSIS: 2010 Brings Raft of New U.S. Privacy Rules for Asset Management Businesses
March 1, 2010 in Privacy & Security Law Report · Leave a Comment
The new year brings five new or proposed rules that will impact the collection of private financial and identifying information, how it may be shared and…
Court Clears $150 Million Settlement Between SEC, Bank of America over Merrill Proxies
March 1, 2010 in Securities Regulation & Law Report · Leave a Comment
The U.S. District Court for the Southern District of New York Feb. 22 gave its lukewarm approval to a proposed $150 million settlement between the Securities and Exchange Commission…
SEC Supports, but Delays, Move to International Accounting Standards
March 1, 2010 in Securities Regulation & Law Report · Leave a Comment
The Securities and Exchange Commission Feb. 24 voted unanimously to issue a statement making clear its commitment to a single set of globally accepted…
SEC Adopts Rule Allowing Temporary Ban on Short Sales During Share Price Declines
March 1, 2010 in Securities Regulation & Law Report · Leave a Comment
A deeply divided Securities and Exchange Commission voted 3-2 Feb. 24 to adopt a rule that would temporarily restrict short selling in a stock when its price falls more than 10 percent in one day…
Administration Requests 12% Increase in SEC Funding to Boost Staffing, Technology
February 8, 2010 in Securities Regulation & Law Report · Leave a Comment
The White House Feb. 1 proposed giving the Securities and Exchange Commission $1.258 billion in fiscal year 2011—representing a 12 percent increase from 2010 funding levels…
SEC Examining Over 50 U.S., U.K. Firms over Management of CDOs, Other Structured Products
February 3, 2010 in Alternative Investment Law Report · Leave a Comment
The Securities and Exchange Commission currently is conducting an examination sweep of more than 50 registrants…
Divided SEC Agrees to Issue Guidance Regarding Climate Change Disclosures
February 1, 2010 in Securities Regulation & Law Report · Leave a Comment
In its first meaningful action on an environmental topic in more than 25 years, the Securities and Exchange Commission…
