Alert June 15, 2004

Financial Services Alert

  • SEC Allows Alternative Net Capital Computations for Broker-Dealers That are Part of Consolidated Supervised Entities
  • SEC Adopts Enhanced Disclosure of Sales Load Breakpoint Discounts by Mutual Funds
  • Federal Banking Agencies Propose Rule on Proper Disposal of Consumer Information under the FACT Act
  • Association for Financial Professionals Reports that its Credit Access Survey of Corporate Borrowers Reveals Presence of Tying Concerns
  • FTC Confirms Ability to Process Non-Public Customer Information Outside the US