Here are issues FSI has recently been involved in at the U.S. Securities & Exchange Commission:
12b-2 FAQs Agencies Release Final Model Privacy Notice November 18, 2009
On November 17, 2009, the Office of the Comptroller of the Currency, Office of Thrift Supervision, and Exchange Commission (collectively, the Agencies) released the final version of the model privacy notice form. FSI submitted a comment letter in response to the Agencies’ draft version of the model privacy notice form on May 29, 2009.
Call to Action and Detailed Summary of Proposal October 28, 2010
On July 21, 2010, the Securities and Exchange Commission (SEC) released a proposed rule and other amendments designed to reform Rule 12b-1 (Proposal) and make additional changes to the securities laws.
Chairman Cox Responds to FSI’s Comments on Auction Rate Securities October 2008
Over the last several months a number of wirehouse broker-dealer firms have agreed to reimburse investors after settling with state and federal regulators on claims arising from the underwriting practices, auction process, offer, and sale of auction rate securities (ARS).
September 15, 2010
The proposal offered by the SEC provides a new framework for mutual fund use of assets to pay for sales and distribution expenses, and would revise disclosure requirements for transaction confirmations.
Congress Provides Guidance to the SEC Regarding Municipal Advisor Regulation
Congress Provides Guidance to the SEC Regarding Municipal Advisor Regulation Letter Urges SEC to Stick to Congressional Intent On December 19, 2011, 35 members of Congress sent a letter to Chairman Mary Schapiro urging her to scale back the scope
FSI Active on SEC Studies Called For in Dodd-Frank Act July 30, 2010
On July 26, 2010, FSI submitted a letter SEC Chairman Mary Schapiro, and the four other SEC Commissioners, laying the groundwork for FSI’s engagement on the three important studies the SEC is charged with conducting as a result of the Dodd-Frank Act.