Alert March 13, 2007

Financial Services Alert - March 13, 2007

  • FDIC Issues Cease and Desist Order against California ILC Targeting Weak Subprime Lending and Commercial Real Estate Lending Practices
  • Federal District Court Permanently Enjoins Enforcement of Illinois Law Generally Prohibiting the Deposit of State Moneys or Investment by State and Municipal Pension Plans in Entities Having Certain Connections with Sudan
  • FRB, OCC and FDIC Speak on Basel II Status and Issues
  • OTS Issues Gift Card Guidance
  • SEC Announces Regional CCOutreach Seminars for Fund and Adviser Chief Compliance Officers
  • SEC Staff Provides No-Action Relief from Advisers Act Personal Trading Reporting Requirements to U.K. Based Adviser for Certain U.K. Securities
  • Goodwin Procter Adds Website Feature Covering Basel Proposal Developments