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ARTICLE · 03 AUGUST 2011

Financial Services Alert – August 2, 2011

Goodwin Procter LLP
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The SEC voted unanimously to adopt new Rule 13h-1 under the Securities Exchange Act of 1934 (the "Exchange Act"), which imposes reporting obligations on "large traders" and certain registered broker-dealers that execute their trades.

United StatesFinance and Banking
Robert Kurucza
Robert Kurucza

Developments of Note

  • SEC Adopts Reporting Regime for Large Traders
  • FINRA Proposes to Consolidate and Amend NASD and NYSE Communications Rules and Interpretations
  • GAO Issues Report on Mutual Fund Advertising
  • Financial Stability Oversight Council Issues its First Annual Report; Finds that U.S. Financial Stability improved, but U.S. Still Faces Challenges to Recovery
  • SEC Adopts New Short Form Criteria That Eliminate Credit Ratings

Other Items of Note

  • SEC Re-Proposes Requirements Related to Shelf Registration of Asset-Backed Securities
  • SEC Staff Issues Report on Sales of Structured Securities Products to Retail Investors
  • CFTC Adopts Rules Implementing New Framework for Approving New Products and Rule Changes Submitted by Registered Entities

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