June 2008 Archives
SEC Proposes Major Revisions to Rule 15a-6
What This Means
The Securities and Exchange Commission (SEC) recently proposed substantial amendments to Rule 15a-6 under the Securities Exchange Act of 1934 (Exchange Act), which provides conditional exemptions from broker-dealer registration for foreign entities involved in certain activities involving certain U.S. investors. The proposed amendments to Rule 15a-6 would expand the scope of certain of those exemptions, and would ease or eliminate some of existing restrictions on interactions between foreign broker-dealers and U.S. customers. Comments on the proposal are due to the SEC 60 days after the proposal is published in the Federal Register, which should be during this week (June 30). >>> continued
Interactive Data for Mutual Fund Risk/Return Summary
What This Means
The U.S. Securities and Exchange Commission (SEC) recently proposed to require mutual funds to provide their risk/return summary information in interactive data format as an exhibit to their post-effective amendment filings on Form N-1A. The proposed interactive data requirements would not affect the format of or the information required to be disclosed in a mutual fund’s risk/return summary in its prospectus. The proposed amendments also would require mutual funds to post the interactive data to their respective websites. >>> continued
Speaking Engagement - Teaching at Wharton, with the FINRA Institute
Morgan Lewis’s Georgia Bullitt will be speaking at this event.
Over five days, Wharton professors explore a series of advanced-level regulatory and compliance topics that help participants build on previous courses.