Clik here to view.
Judge Rakoff on Prosecution of Financial Executives
High profile District Court Judge Jed Rakoff recently gave a speech in which he explored theories on why few financial professionals have been criminally prosecuted in the wake of the recent financial...
View ArticleClik here to view.
Call to Action for Audit Committees of Public Companies
A group organized by the Center for Audit Quality has released a “Call to Action” designed to encourage audit committees of public companies to proactively consider strengthening their public...
View ArticleClik here to view.
SEC Charges Money Fund Manager with Fraud
Last week, the SEC charged Ambassador Capital Management and Derek Oglesby for repeatedly making “false statements to trustees of the Ambassador Money Market Fund about the credit risk in the...
View ArticleClik here to view.
MFDF Webinar: Board Oversight of Closed-End Funds
The next Forum webinar, Board Oversight of Closed-End Funds, will take place on Thursday, December 5 at 2:00 pm Eastern. Thomas DeCapo and Michael Hoffman, partners at Skadden, Arps, Slate, Meagher...
View ArticleClik here to view.
SEC Office of Credit Ratings Release Credit Rating Independence Study
On November 21, 2013, the SEC’s Office of Credit Ratings submitted its Credit Rating Independence Study to Congress as required by the Dodd-Frank Act. The Dodd-Frank Act requires the study “to...
View ArticleClik here to view.
SEC’s Norm Champ Discusses the Role of Fund Directors
The SEC’s Director of the Division of Investment Management, Norm Champ, discussed the role of fund boards (among other topics) in a recent speech at the ALI CLE 2013 Conference on Life Insurance...
View ArticleClik here to view.
Treasury Secretary Lew Discusses Financial Risks
U.S. Treasury Secretary Jacob L. Lew, in a recent speech to the Pew Charitable Trusts Foundation, provided his insights on new financial protections put in place in the wake of the 2008 recession and...
View ArticleClik here to view.
SEC Commissioner Stein Discusses Dodd-Frank and Other Challenges Facing the SEC
New SEC Commissioner Kara Stein recently gave a speech to the American Bar Association’s Federal Regulation of Securities Committee in which she shared her thoughts on “how each of us can be doing the...
View ArticleClik here to view.
Financial Regulators Adopt Rules Implementing the Volcker Rule
Earlier this week, the SEC and the other financial regulators issued final rules implementing the “Volcker Rule” as required by the Dodd-Frank Act. The rules prohibit “banking entities” from...
View ArticleClik here to view.
SEC Commissioner Piwowar Discusses Enforcement/Disclosure
On November 22, SEC Commissioner Michael Piwowar gave a speech before the Los Angeles County Bar Association Securities Regulation Seminar on his 100th day as an SEC Commissioner. He noted the irony...
View ArticleClik here to view.
Audit Committee Priorities for 2014
KPMG has published a list of Audit Committee priorities for 2014, highlighting issues that firm believes will be key for audit committees in the coming year. These priorities include: Staying focused...
View ArticleClik here to view.
SEC Commissioner Piwowar Calls for Comprehensive Market Structure Review
In a December 9 speech at the 2013 ICI Global Trading and Market Structure Conference in London, SEC Commission Piwowar discussed the second part of the SEC’s mission, maintaining fair, orderly, and...
View ArticleClik here to view.
SEC 2013 Enforcement Summary
On December 17, the SEC announced that its 2013 enforcement program resulted in a record $3.4 billion in sanctions, representing a 10 percent increase from 2012. The financial penalties were a result...
View ArticleClik here to view.
Plaintiffs Sue Fund Adviser For Excessive Fees
The most recent lawsuit claiming that fund advisers keep too much of a fund’s advisory fee when an adviser hires a sub-adviser to make the investment decisions for the fund was filed earlier this...
View ArticleClik here to view.
Merrill Lynch Research Finds Few Gender Differences Among Investors
Recent Merrill Lynch research found, that while gender differences among investors exist, that they may be less prominent that has been popularly believed. The research found that differences tended...
View ArticleClik here to view.
Forum Webinar: What’s Up with the Treasury Report on the Asset Management...
On Wednesday, January 8 at 2:00 pm Eastern, the Forum will host a webinar discussion of the recent research by the Office of Financial Research within the Treasury Department. The study contains “an...
View ArticleClik here to view.
SEC Holds Proxy Advisory Services Roundtable
The SEC recently held a Proxy Advisory Services Roundtable with a two part agenda. The first part of the program focused on the reasons why proxy advisory services are used. The second part of the...
View ArticleClik here to view.
CFTC Chairman Gensler Discusses Swaps Marketplace Transformation
In his last public speech as CFTC Commissioner, Gary Gensler reflected on the CFTC’s accomplishments during his five years at the agency. He discussed the increased transparency in the swaps...
View ArticleClik here to view.
Forum Releases List of Top 5 Issues Facing Directors in 2014
The Forum has released a list of what it sees as the "top 5" issues that fund boards will likely face in 2014. The list includes:Board oversight of distribution related expenses– With recent...
View ArticleClik here to view.
Examination Priorities for 2014
The SEC has released a list of its examination priorities for 2014, covering areas the SEC staff believes have heightened risk. Some initiatives are applicable to all SEC registrants, and some are...
View Article