Archive
Registration
Reference
Mary Schapiro to be Nominated to Head the SEC
December 18, 2008
President-Elect Obama announced that he plans to nominate Mary Schapiro, currently Chief Executive Officer of FINRA (which is the successor organization to the NASD), to be Chairman of the SEC. Following his inauguration next month, President-Elect Obama will submit her name… read more
Rules Implementing the Credit Rating Agency Reform Act
December 08, 2008
Director of the SEC's Division of Trading and Markets, Erik Sirri's, opening remarks before the Commission's December 3 open meeting provide an excellent summary of the Commission's actions to strengthen regulation of credit rating agencies, known as "NRSRO's." The recommended rules are designed to promote… read more
Stradley Ronon: Seven Things Directors Should Know About D&O Insurance
December 07, 2008
Stradley Ronon's Craig R. Blackman and Heather M. Tashman have written a short piece, "Insurance and Banking Coverages: Seven Things Fund Directors and Trustees Should Know," alerting investment company directors to key points they should consider when renewing or obtaining new… read more
No-Action Relief Allowing Participation in Global Credit Facility
December 05, 2008
The SEC staff issued a no-action letter providing relief under Section 17(d) and Rule 17d-1 of the 1940 Act allowing registered U.S. open-end investment companies and certain foreign open-end investment funds managed by affiliated advisers to enter into a joint global, unsecured, senior committed line… read more
SEC Open Letter to CEOs of SEC-Registered Firms
December 04, 2008
On December 2, 2008, Lori Richards, director of the SEC's Office of Compliance Inspections and Examinations, issued an open letter to leaders of SEC-registered firms, including broker-dealers, investment advisers, investment companies and transfer agents, reminding them of the critical role compliance programs play… read more