Alert May 02, 2006

Financial Services Alert - May 2, 2006

  • Goodwin Procter to Co-Host Compliance Seminar; Host Pre-conference Cocktail Party
  • SEC Staff Provides No-Action Relief Regarding Brochure Delivery Element of Cash Solicitation Requirements for Adviser Engaging in Co-Branded Mass-Mailing Campaign
  • FinCEN, SEC Issue Guidance Concerning CIP Responsibilities in Securities Lending Transactions under Agency Lending Disclosure Initiative
  • DOL Issues Field Assistance Bulletin Clarifying Duties and Responsibilities under ERISA Regarding Mutual Fund Settlement Proceeds to Plans and Plan Participants
  • DOL Issues Prohibited Transaction Exemption Permitting the Extension of Credit by IRAs with Uninvested Cash Balances Held in Broker/Dealer Accounts to Broker/Dealers of Those Accounts
  • House Subcommittee Chairman Baker Sends Letter to SEC Regarding Delays Resulting from the SEC Approval Process for ETFs
  • SEC to Replace Certain Paper Effectiveness Orders with Electronic Notifications of Effectiveness