Alert June 24, 2003

Financial Services Alert

  • FASB Proposes Reducing Availability of QSPE Status
  • IRS Issues Private Letter Ruling Holding that Certain Debt-Financed Redemptions Not UBTI
  • SEC Adopts Investment Company Act Safe Harbor for Research and Development Companies
  • NYSE/NASD IPO Advisory Committee Makes Recommendations to Improve the IPO Process
  • Arkansas Supreme Court Holds that Bank that Knowingly and Maliciously Filed False SAR is Not Protected by Statutory “Safe Harbor”
  • NASD Clarifies that Broker-Dealer Supervisory and Recordkeeping Obligations Apply to Instant Messages