May 23, 2006

Financial Services Alert - May 23, 2006

  • Federal Agencies Re-Propose Interagency Statement Concerning Complex Structured Finance Transactions
  • Court Holds that Retailer and Processor are Not Liable to Issuers for Damages Resulting from Card Security Breach
  • SEC Settles Enforcement Proceeding Against Mutual Fund Administrator Over Fund Accounting Issues
  • U.S. Court of Appeals Holds That ERISA Permits Participant-Directed Plans Even Where Section 404(c) Requirements Are Not Satisfied
  • FRB, FDIC Chairmen Speak on Basel II
  • SEC Approves PCAOB Rules Concerning Auditor Independence, Tax Services and Contingent Fees
  • FinCEN Issues Guidance on Due Diligence of B/Ds, FCMs Regarding Implementation of Section 312 of USA Patriot Act
  • SEC Imposes First Sanctions under the USA Patriot Act