Alert August 28, 2007

Financial Services Alert - August 28, 2007

  • Federal District Court Dismisses Shareholder Suit Alleging Fund Board Breached Fiduciary Duty in Approving New Advisory Contract and Issued Misleading Proxy Materials to Shareholders Regarding Contract Approval
  • FRB Grants Regulation W Exemption for Bank Transactions with Affiliated Broker-Dealers
  • SEC Solicits Comment on Discussion Paper by Chairman of Advisory Committee on Improvements to Financial Reporting
  • FFIEC Releases Updated BSA / AML Examination Manual
  • SEC Staff Grants No-Action Relief Broadening Spousal Joint Investment Possibilities in 3(c)(7) Funds
  • CFA Institute Issues Guidance Statement on GIPS Recordkeeping Requirements and Publishes Q&A on GIPS Standards