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ARTICLE · 17 AUGUST 2011

Financial Services Alert - w/c 8/17/2011

Goodwin Procter LLP
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The FRB issued an interim final rule (the "Rule") that establishes FRB regulations for savings and loan holding companies ("SLHCs") and their non-depository subsidiaries.

United StatesFinance and Banking
Robert Kurucza
Robert Kurucza

In this Issue:

  • FRB Adopts Regulations Related to Savings and Loan Holding Companies
  • Massachusetts Securities Division Adopts New Investment Adviser Regulations
  • Court Recognizes "Commercial Reasonableness" in Finding for Bank in Data Security Breach Case
  • SEC Finds That Equity Trader's Acceptance of Gifts from Brokers That Executed Mutual Fund Trades Violated Section 17(e)(1) of the Investment Company Act
  • FDIC Revises Statement of Policy for Section 19 of Federal Deposit Insurance Act
  • FINRA Provides Guidance on Application of SEC Financial Responsibility Rules in Response to S&P Downgrade of U.S. Credit Rating

Other Items of Note

  • CFTC Proposes Additional Rules Affecting the Clearing of Derivatives

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