Alert February 24, 2004

Financial Services Alert

  • DOL Issues Statement on Duties of Certain Plan Fiduciaries in Light of Recent Mutual Fund Investigations
  • SEC Staff Publishes FAQ on Amended Advisers Act Custody Rule
  • Federal Banking Agencies Issue Advisory on Accounting for Deferred Compensation and BOLI
  • SEC No-Action Relief Permits Broker-Dealers to Rely on Registered Advisers to Perform AML Customer Identification Programs
  • OCC Issues Letter Reconfirming Confidentiality of SARs; New Director of FinCEN Describes Next Steps in Implementing PATRIOT ACT
  • OTS Proposes Changing Assessments of SLHCs