Developments in Securities Regulation, Corporate Governance, Capital Markets, M&A and Other Topics of Interest

CFTC Issues Final Rules on Retail Forex Trading


The U.S. Commodity Futures Trading Commission has issued regulations concerning off-exchange retail foreign currency transactions. The rules implement provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act and the Food, Conservation, and Energy Act of 2008, which, together, provide the CFTC with broad authority to register and regulate... Read More

Topics: Banking, Insurance, Public Companies and Securities

SEC Warns Rating Agencies


The Securities and Exchange Commission today issued a report cautioning credit rating agencies about deceptive ratings conduct and the importance of sufficient internal controls over the policies, procedures, and methodologies the firms use to determine credit ratings. The report says that because of uncertainty regarding a jurisdictional nexus between the... Read More

Topics: Banking, Litigation, Public Companies and Securities

Comments on SEC Study Regarding Obligations of Brokers, Dealers, and Investment Advisers


In a recent posting we highlighted issues surrounding the imposition of a fiduciary standard on broker-dealers.  Gauging from the overwhelming majority of comments received to date, the SEC will continue, as expected, to receive strong pushback not only from the largest brokerage houses, but also from solo and smaller firm... Read More

Topics: Public Companies and Securities