Alert December 20, 2005

Financial Services Alert

  • SEC Staff Provides No-Action Relief to Permit Joint Accounts to Include Cash Collateral From Securities Lending Program with Affiliated Lending Agent
  • FinCEN Issues PATRIOT Act Fact Sheet Concerning Foreign Correspondent and Private Banking Accounts
  • SEC Staff Provides Additional Guidance on Use of Third-Party Ratings of Advisers and the Advisers Act Prohibition on the Use of Testimonials
  • Federal Banking Agencies Issue Guidance for “Small Entities” Concerning Compliance with Information Security Standards
  • OCIE Director Discusses Remedial Measures Undertaken by Pension Consultants in the Wake of SEC Staff Report