Notice Requirements for Broker-Dealers
Public Companies and Securities With respect to the borrowing of securities from customers, Section 929X of the Dodd-Frank Act imposes the following two additional requirements on broker-dealers: (i) every registered broker or dealer must provide notice to its customers that they may elect not to allow their fully paid securities to be used in connection with short sales and […] Read more →
CFTC and SEC Roundtable Contentious
Banking, Energy, Insurance, Public Companies and Securities As we noted, the SEC and CFTC held a joint roundtable on August 20, 2010 addressing governance and conflicts of interest on clearing and listing of swap transactions. Gary... Read more →
“Bad Actor” Disqualification May Cause Headaches
Public Companies and Securities Section 926 of the Dodd-Frank Act directs the SEC to issue rules which would prevent the use of Regulation D Rule 506 offerings by certain “bad actors.” The Dodd-Frank Act... Read more →
Here Comes Proxy Access
Banking, Insurance, Public Companies and Securities The SEC has announced that it will “consider” the adoption of proxy access rules on August 25, 2010. It is probably a safe bet that when they are done “considering” the... Read more →