The Investment Lawyer articles from February 2006

The Investment Lawyer archives from February 2006

The Citigroup case: setting disclosure standards for administrative service contracts through enforcement.
February 1, 2006... On May 31, 2005, the Securities and Exchange Commission (SEC) took enforcement action against two subsidiaries of Citigroup, Inc. for false and misleading statements in the board approval of a newly created affiliated transfer agent that...

Highlights of this issue.(From the Editor)
February 1, 2006... This month's first article, by Mark Perlow of Kirkpatrick & Lockhart Nicholson Graham LLR examines the Securities and Exchange Commission (SEC) enforcement action against two Citigroup subsidiaries found to have provided false and misleading...

Mutual fund disclosure reform through electronic means.
February 1, 2006... The SEC (1) is pursuing a new vision of assuring disclosure necessary for an investor to reach an informed investment decision. The vision seeks to achieve disclosure reform (2) by relying on advances in electronic technology to get...

The time is now: are you ready for the new LM-10 reporting requirements?(Labor-Management Reporting and Disclosure Act)
February 1, 2006... Investment advisory firms that provide financial or other services to Taft-Hartley funds (1) should be well aware of the industry backlash at guidance issued last year by the Department of Labor (DOL) that requires service providers to make...

SEC staff guidance regarding rules 202(a)(11)-1(b)(2) and 202(a)(11)-1(b)(3).(Regulatory Monitor)
February 1, 2006... Recent SEC Developments Dechert LLP, Washington, DC In April 2005 the Securities Exchange Commission (SEC) adopted new Rule 202(a)(11)-1 (Rule) under the Investment Advisers Act of 1940, as amended (Advisers Act) to clarify the exemption...