Other

Other

Fund Democracy Loses Appeal

Court Upholds SEC Ruling on Multimanager exemptive order By John M. Baker, Esq. The U.S. Court of Appeals for the D.C. Circuit on Friday rejected an appeal by Fund Democracy, LLC from an order of the Securities and Exchange Commission denying Fund Democracy’s request for a hearing on a multimanager […]

Other

undefined

    ]]> Home | Message Board Home Search Arbitration Investors Brokers Finance Law Compliance Archives Concept Release on Exchange-Traded Funds Actively Managed ETFs Raise Questions and Request for Comments By John M. Baker, Esq. The Securities and Exchange Commission on Thursday issued a concept release seeking comments on actively […]

Other

SEC Proposed Equity Compensation Plan Disclosures

Annual disclosure will be required By John M. Baker, Esq. The SEC recently proposed enhanced disclosure of the number of securities authorized for issuance under, and received by or allocated to participants pursuant to, equity compensation plans. Release Nos. 33-7944, 34-43892, 66 Fed. Reg. 8732 (Jan. 26, 2001). Current rules […]

Other

SECLaw.com – SEC Delays Decimals Again

  Looks like a September, 2000 start date By John M. Baker, Esq. The SEC issued an order suspending the deadlines for decimal pricing implementation set out in its orders of January 28, 2000 and March 10, 2000. This action, the SEC rather pointedly noted, was necessary due to the […]

Other

Members Must Make Timely Payments of Court Awards

  NAC Extends Interpretations of 2110 to include court awards By John M. Baker, Esq. The National Adjudicatory Council, which is the national committee that reviews initial decisions rendered in NASD disciplinary proceedings, has ruled that NASD rules require the timely payment of court awards. Division of Enforcement v. Shvarts, […]

Other

SEC Proposed Amendment to Rule 10f-3

    ]]> Home | Message Board Home Search Arbitration Investors Brokers Finance Law Compliance Archives SEC Proposed Amendment to Rule 10f-3 Amendment to include government securities By John M. Baker, Esq. The SEC recently proposed amendments that would both broaden and narrow the exemptions contained in Rule 10f-3 under […]

Other

SEC Proposed Definition of Qualified Purchaser

Important Change for NSMIA Pre-emption By Richard I. Alvarez, Esq. This is the first in a series of periodic bulletins covering new developments in state securities, or Blue Sky, laws which may be of special interest. Topics will range from notice of new rule proposals from the various state securities […]

Compliance Other

Prime Bank Fraud Action by SEC

Another Prime Bank Fraud Action Commenced by SEC December 20, 2000. The SEC announced today that it filed an action against Phillip Ezell, a resident of Fort Wayne, Indiana, for offering fictitious “prime bank” instruments over the Internet from March 1998 to August 2000. The Commission alleges that Ezell, doing […]