Alert June 26, 2007

Financial Services Alert - June 26, 2007

  • Independent Directors Council Issues Report on Board Oversight of Certain Mutual Fund Service Providers
  • FDIC Issues Further Guidance on Third-Party Arrangements
  • MA Appellate Tax Board Holds that MA Can Impose Excise on Certain Out-of-State Financial Institutions Without Physical Presence in MA
  • FinCEN Issues Guidance on SAR Supporting Documentation
  • Coalition of Mutual Fund Investors Releases Results of Its 2007 Study on the Use of  Redemption Fees and Other Means of Deterring Short-Term Mutual Fund Trading