http://www.lawupdates.com en LawUpdates.com, LLC Copyright 2014 2014-01-27T12:27:05+00:00 http://www.lawupdates.com/summary/finra_issues_new_investor_alert_the_ira_rollover_10_tips_to_making_a_sound/ http://www.lawupdates.com/summary/finra_issues_new_investor_alert_the_ira_rollover_10_tips_to_making_a_sound/ New Releases/No Action Letters || || The Financial Industry Regulatory Authority (FINRA) issued a new Investor Alert called The IRA Rollover: 10 Tips to Making a Sound Decision to help the investing public decide if an IRA rollover is right for them. securities_new-releases-no-action-letters 2014-01-24T23:52:12+00:00 http://www.lawupdates.com/summary/the_royal_bank_of_scotland_subsidiary_sentenced_for_manipulati/ http://www.lawupdates.com/summary/the_royal_bank_of_scotland_subsidiary_sentenced_for_manipulati/ New Releases/No Action Letters || USA v. RBS Securities Japan Limited || RBS Securities Japan Limited, a wholly owned subsidiary of The Royal Bank of Scotland plc (RBS) that engages in investment banking operations with its principal place of business in Tokyo, Japan, has been sentenced for its role in manipulating the Japanese Yen London Interbank Offered Rate (LIBOR), a leading benchmark… securities_new-releases-no-action-letters 2014-01-24T03:10:53+00:00 http://www.lawupdates.com/summary/agencies_approve_interim_final_rule_authorizing_retention_of_interests_in_a/ http://www.lawupdates.com/summary/agencies_approve_interim_final_rule_authorizing_retention_of_interests_in_a/ New Statutes, Regulations and Rules || Treatment of Certain Collateralized Debt Obligations Backed Primarily by Trust Preferred Securities with Regard to Prohibitions || Five federal agencies have approved an interim final rule to permit banking entities to retain interests in certain collateralized debt obligations backed primarily by trust preferred securities (TruPS CDOs) from the investment prohibitions of section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, known as the Volcker… securities_new-statutes-regulations-and-rules 2014-01-22T13:54:58+00:00 http://www.lawupdates.com/summary/interpretive_guidance_on_municipal_advisor_registration_r/ http://www.lawupdates.com/summary/interpretive_guidance_on_municipal_advisor_registration_r/ New Statutes, Regulations and Rules || Interpretive Guidance on Municipal Advisor Registration Rules || The Securities and Exchange Commission has announced that its Office of Municipal Securities has issued interpretive guidance to address questions from market participants regarding the implementation of new final SEC rules requiring municipal advisors to register with the SEC. securities_new-statutes-regulations-and-rules 2014-01-16T01:27:07+00:00 http://www.lawupdates.com/summary/new_date_announced_for_compliance_with_final_municipal_advisor_registra/ http://www.lawupdates.com/summary/new_date_announced_for_compliance_with_final_municipal_advisor_registra/ New Statutes, Regulations and Rules || Temporary Stay of Final Rule on Registration of Municipal Advisors || The Securities and Exchange Commission has announced that compliance with the final municipal advisor registration rules will not be required until July 1, 2014, the date on which the first set of municipal advisors will be required to register under the final rules. securities_new-statutes-regulations-and-rules 2014-01-15T23:36:20+00:00 http://www.lawupdates.com/summary/sec_announces_2014_examination_priori/ http://www.lawupdates.com/summary/sec_announces_2014_examination_priori/ New Statutes, Regulations and Rules || Examination Priorities for 2014 || The Securities and Exchange Commission has announced its examination priorities for 2014, which cover a wide range of issues at financial institutions, including investment advisers and investment companies, broker-dealers, clearing agencies, exchanges and other self-regulatory organizations, hedge funds, private equity funds, and transfer agents. securities_new-statutes-regulations-and-rules 2014-01-10T22:48:04+00:00 http://www.lawupdates.com/summary/global_aluminum_giant_alcoa_settles_civil_and_criminal_charges_over_foreign/ http://www.lawupdates.com/summary/global_aluminum_giant_alcoa_settles_civil_and_criminal_charges_over_foreign/ New Releases/No Action Letters || In the Matter of Alcoa Inc. || The Securities and Exchange Commission has charged global aluminum producer Alcoa Inc. with violating the Foreign Corrupt Practices Act (FCPA) when its subsidiaries repeatedly paid bribes to government officials in Bahrain to maintain a key source of business. securities_new-releases-no-action-letters 2014-01-10T12:56:38+00:00 http://www.lawupdates.com/summary/sec_issues_annual_staff_reports_on_credit_rating_agencies/ http://www.lawupdates.com/summary/sec_issues_annual_staff_reports_on_credit_rating_agencies/ New Releases/No Action Letters || Report on Findings of Examinations of NRSROs || The Securities and Exchange Commission has issued its annual staff report on the findings of examinations of credit rating agencies registered as nationally recognized statistical rating organizations (NRSROs). securities_new-releases-no-action-letters 2013-12-31T11:08:19+00:00 http://www.lawupdates.com/summary/finra_fines_deutsche_bank_securities_inc._6.5_million_for_serious_financial/ http://www.lawupdates.com/summary/finra_fines_deutsche_bank_securities_inc._6.5_million_for_serious_financial/ New Releases/No Action Letters || Deutsche Bank Securities, Inc. Action || The Financial Industry Regulatory Authority (FINRA) has announced that it has fined Deutsche Bank Securities, Inc. (DBSI) $6.5 million and censured the firm for serious financial and operational deficiencies primarily related to its enhanced lending program. securities_new-releases-no-action-letters 2013-12-24T05:00:56+00:00 http://www.lawupdates.com/summary/fraud_charges_brought_against_perpetrators_of_prime_bank_schemes_in_las_veg/ http://www.lawupdates.com/summary/fraud_charges_brought_against_perpetrators_of_prime_bank_schemes_in_las_veg/ New Releases/No Action Letters || SEC v. Malon Group AG, et al. || The Securities and Exchange Commission has filed fraud charges against a company named with an acronym for “Make A Lot Of Money” that is behind a pair of advance fee schemes guaranteeing astronomical returns to investors in purported prime bank transactions and overseas debt instruments. securities_new-releases-no-action-letters 2013-12-20T23:20:41+00:00 http://www.lawupdates.com/summary/sec_proposes_rules_to_increase_access_to_capital_for_smaller_comp/ http://www.lawupdates.com/summary/sec_proposes_rules_to_increase_access_to_capital_for_smaller_comp/ New Statutes, Regulations and Rules || Proposed Rule Amendments for Small and Additional Issues Exemptions Under Section 3(b) of the Securities Act || The Securities and Exchange Commission has voted to propose rules intended to increase access to capital for smaller companies. securities_new-statutes-regulations-and-rules 2013-12-19T10:55:30+00:00 http://www.lawupdates.com/summary/bipartisan_legislation_to_streamline_regulation_protect_jo/ http://www.lawupdates.com/summary/bipartisan_legislation_to_streamline_regulation_protect_jo/ New Proposed Legislation || Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2013 || The House Financial Services Committee has unanimously passed Congressman Bill Huizenga's bipartisan legislation H.R. 2274 - The Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act by a vote of 57 to 0. This legislation will remove regulatory roadblocks threatening jobs, economic growth, and future investment while allowing for the… securities_new-proposed-legislation 2013-12-11T11:13:53+00:00 http://www.lawupdates.com/summary/agencies_issue_final_rules_implementing_the_volcker_rule/ http://www.lawupdates.com/summary/agencies_issue_final_rules_implementing_the_volcker_rule/ New Statutes, Regulations and Rules || Prohibitions and Restrictions on Proprietary Trading and Certain Interests in, and Relationships with, Hedge Funds and Private E || Five federal agencies on Tuesday, December 10, 2013, issued final rules developed jointly to implement section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Volcker Rule”). securities_new-statutes-regulations-and-rules 2013-12-10T21:47:04+00:00 http://www.lawupdates.com/summary/sec_issues_proposal_on_crowdfundi/ http://www.lawupdates.com/summary/sec_issues_proposal_on_crowdfundi/ New Statutes, Regulations and Rules || Crowdfunding || The Securities and Exchange Commission has voted unanimously to propose rules under the JOBS Act to permit companies to offer and sell securities through crowdfunding. securities_new-statutes-regulations-and-rules 2013-11-19T11:16:10+00:00 http://www.lawupdates.com/summary/financial_regulators_propose_joint_standards_for_assessing_diversity_poli/ http://www.lawupdates.com/summary/financial_regulators_propose_joint_standards_for_assessing_diversity_poli/ New Statutes, Regulations and Rules || Joint Standards for Assessing Diversity Policies and Practices of Regulated Entities || Six federal financial regulatory agencies have proposed joint standards for assessing the diversity policies and practices of the institutions they regulate. securities_new-statutes-regulations-and-rules 2013-11-18T22:57:44+00:00 http://www.lawupdates.com/summary/board_of_governors_authorizes_finra_to_file_recruitment_compensation_pr/ http://www.lawupdates.com/summary/board_of_governors_authorizes_finra_to_file_recruitment_compensation_pr/ New Statutes, Regulations and Rules || Proposed Rule on Broker’s Recruitment Compensation || The Financial Industry Regulatory Authority (FINRA) has announced that its Board of Governors approved a proposal requiring brokers to disclose recruitment compensation paid to them as an incentive to move to a new firm. securities_new-statutes-regulations-and-rules 2013-10-4T19:54:36+00:00 http://www.lawupdates.com/summary/finra_issues_public_statement_framework_regarding_finras_approac/ http://www.lawupdates.com/summary/finra_issues_public_statement_framework_regarding_finras_approac/ New Statutes, Regulations and Rules || Framework Regarding FINRA's Approach to Economic Impact Assessment for Proposed Rulemaking || The Financial Industry Regulatory Authority (FINRA) has issued a public statement, Framework Regarding FINRA's Approach to Economic Impact Assessment for Proposed Rulemaking. FINRA's framework, authored by the Office of the Chief Economist, will help ensure that its rules are better designed to protect the investing public and maintain market integrity… securities_new-statutes-regulations-and-rules 2013-10-3T19:39:44+00:00 http://www.lawupdates.com/summary/investor_alert_investment_scams_exploit_immigrant_investor_program/ http://www.lawupdates.com/summary/investor_alert_investment_scams_exploit_immigrant_investor_program/ New Releases/No Action Letters || Investor Alert: Investment Scams on Immigrant Investor Program || The U.S. Securities and Exchange Commission's Office of Investor Education and Advocacy and U.S. Citizenship and Immigration Services are jointly issuing this Investor Alert to warn individual investors about fraudulent investment scams that exploit the Immigrant Investor Program, also known as "EB-5." securities_new-releases-no-action-letters 2013-10-3T18:40:55+00:00 http://www.lawupdates.com/summary/federal_regulators_issue_guidance_on_reporting_fi/ http://www.lawupdates.com/summary/federal_regulators_issue_guidance_on_reporting_fi/ New Statutes, Regulations and Rules || Interagency Guidance on Privacy Laws and Reporting Financial Abuse of Older Adults || Seven federal regulatory agencies have issued guidance to clarify that the privacy provisions of the Gramm-Leach-Bliley Act generally permit financial institutions to report suspected elder financial abuse to appropriate authorities. securities_new-statutes-regulations-and-rules 2013-09-30T19:07:05+00:00 http://www.lawupdates.com/summary/sec_proposes_rules_for_pay_rati/ http://www.lawupdates.com/summary/sec_proposes_rules_for_pay_rati/ New Statutes, Regulations and Rules || Pay Ratio Disclosure || The Securities and Exchange Commission has voted 3-2 to propose a new rule that would require public companies to disclose the ratio of the compensation of its chief executive officer (CEO) to the median compensation of its employees. securities_new-statutes-regulations-and-rules 2013-09-24T21:34:02+00:00 http://www.lawupdates.com/summary/finra_warns_investors_of_ma/ http://www.lawupdates.com/summary/finra_warns_investors_of_ma/ New Releases/No Action Letters || FINRA Investor Alert: Marijuana Stock Scams || The Financial Industry Regulatory Authority (FINRA) has issued a new Investor Alert called Marijuana Stock Scams to warn investors about potential related scams. Medical marijuana is legal in almost 20 states, and recreational use of the drug was recently legalized in two states. securities_new-releases-no-action-letters 2013-09-13T16:10:51+00:00 http://www.lawupdates.com/summary/finra_fines_morgan_stanley_1_million_and_orders_restitution_of_188000/ http://www.lawupdates.com/summary/finra_fines_morgan_stanley_1_million_and_orders_restitution_of_188000/ New Statutes, Regulations and Rules || In re: Morgan Stanley & Co., LLC, et al. || The Financial Industry Regulatory Authority (FINRA) has fined Morgan Stanley Smith Barney LLC and Morgan Stanley & Co. LLC $1 million and ordered $188,000 in restitution plus interest for failing to provide best execution in certain customer transactions involving corporate and agency bonds, and failing to provide a fair and… securities_new-statutes-regulations-and-rules 2013-09-12T20:57:31+00:00 http://www.lawupdates.com/summary/cftc_publishes_concept_release_on_risk_controls_and_system_safeguards_fo/ http://www.lawupdates.com/summary/cftc_publishes_concept_release_on_risk_controls_and_system_safeguards_fo/ New Statutes, Regulations and Rules || Concept Release on Risk Controls and System Safeguards for Automated Trading Environments || The U.S. Commodity Futures Trading Commission (Commission) has approved for publication in the Federal Register a Concept Release on Risk Controls and System Safeguards for Automated Trading Environments (Concept Release). securities_new-statutes-regulations-and-rules 2013-09-10T20:54:28+00:00 http://www.lawupdates.com/summary/three_whistleblowers_rewarded_for_helping_stop_s/ http://www.lawupdates.com/summary/three_whistleblowers_rewarded_for_helping_stop_s/ New Releases/No Action Letters || In the Matter of the Claim for Related Action Award in Connection with United States v. Andrey C. Hick, 1:11-cr-10407-PBS || The Securities and Exchange Commission announced that three whistleblowers have been awarded more than $25,000 combined for tips and information they provided to help the SEC and Justice Department stop a sham hedge fund. securities_new-releases-no-action-letters 2013-09-5T23:03:50+00:00 http://www.lawupdates.com/summary/securities_registration_fee_rates_for_fiscal_year_2014_no/ http://www.lawupdates.com/summary/securities_registration_fee_rates_for_fiscal_year_2014_no/ New Statutes, Regulations and Rules || Order Making Fiscal Year 2014 Annual Adjustments to Registration Fee Rates || The Securities and Exchange Commission has announced that in fiscal year 2014, the fees that public companies and other issuers pay to register their securities with the Commission will be set at $128.80 per million dollars. securities_new-statutes-regulations-and-rules 2013-09-4T18:16:51+00:00