Alert May 07, 2002

Financial Services Alert

  • SEC Proposes to Broaden Permissible Transactions Between Funds and their Portfolio Affiliates and Affiliated Sub-Advisers
  • Federal Banking Agencies Address Parallel-Owned Banking Organizations
  • OCC Issues Letter Concerning National Banks’ Authority to Invest in Convertible Bonds and Perpetual Preferred Stock of Fannie Mae and Freddie Mac
  • US Court of Appeals for Third Circuit Dismisses Investment Company Act Claims Against Leveraged Closed-End Fund Advisers
  • FRB Postpones Effective Date of Changes to Regulation C