December 15, 2010

Seward and Kissel Issues Latest Edition of “Private Funds Bullet Report”

Seward and Kissel posted its December 2010 edition of “Private Funds Bullet Report.” Click here to access the report.

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December 10, 2010

ICI Seeks Comments on Its Letter in Response to FINRA’s Disclosure Document Proposal

The ICI posted its letter (the “Letter”) that responds to FINRA’s concept release of October 2010.

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December 10, 2010

CFTC and SEC to Host Public Roundtable on Capital and Margin for Swaps and Security-Based Swaps

The CFTC and the SEC held a public roundtable about issues related to capital and margin requirements for swap dealers, security-based swap dealers, major swap participants, and major security-based swap participants. The purpose of the roundtable was to assist the agencies in the rulemaking process to implement the Dodd-Frank Wall Street Reform and Consumer Protection Act.

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December 6, 2010

ICI Submits a Comment Letter Regarding CFTC Proposal to Restricting Investments of Customer Funds in Money Market Funds

The ICI has filed a comment letter addressing the changes proposed by the CFTC regulations regarding the kinds of investments that futures commission merchants (FCMs) and derivatives clearing organizations (DCOs) are permitted to make with customer funds.

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December 6, 2010

J.P. Morgan launches share class with no 12(b)-1 fees

Certain funds managed by J.P. Morgan Asset Management launched a new share class for retirement plans that is free of 12b-1 fees. American Funds and Principal Financial Group, among others, currently offer this type of share class, which is called the “R6.”

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December 3, 2010

SEC and CFTC Propose Rules to Define Swap Related Terms

The SEC and the CFTC proposed joint rules that define a series of terms related to the security-based swap market.

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December 2, 2010

Investment Adviser Registration Depository Filing Fees

The SEC has issued a notice giving interested persons until December 21, 2010, to request a hearing on an order setting the IARD annual filing fees and initial registration fees for investment advisers registered or registering with the SEC. These fees will be due in connection with applications for registration…

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December 2, 2010

SEC Posts New Entries to Its Custody Rule FAQ

The SEC posted four new entries to its FAQ on Rule 206(4)-2 under the Investment Advisers Act of 1940 (the Custody Rule).  The SEC significantly revised the Custody Rule on December 30, 2009.  On March 10, 2010, it issued an FAQ providing guidance about the rule and it periodically updates the FAQ.

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December 1, 2010

ICI Submits Supplemental Economic Analysis on the SEC Proposal to Replace Rule 12b-1 with a New Distribution Framework

The ICI submitted to the SEC an economic analysis as a supplement to its earlier comment letter (ICI Comment Letter) regarding supervision and regulation of certain nonbank financial companies (see our entry of November 12, 2010).

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