Financial Industry Recovery Law Blog
Financial Industry Recovery Practice Group lawyers & attorneys at Hunton & Williams law firm use their Financial Industry Recovery Law Blog to educate readers on the business and legal implications associated with the current market. This blog includes topics such as Capital Purchase Program, Client Alerts, FDIC, and TARP.
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Recent Articles
SEC Adopts Whistleblower Rules Under Dodd-Frank
On May 25, 2011, the U.S. Securities and Exchange Commission (SEC) by a 3–2 vote adopted final rules implementing the whistleblower award program of Section 922 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank).i New Regulation 21F requires the SEC to pay cash...
ILPA Releases Version 2.0 of its Private Equity Principles
On January 11, 2011, the Institutional Limited Partners Association ("ILPA") released a revised version of its Private Equity Principles (the "ILPA Principles") and the first of its five recommended standardized reporting templates. A copy of the ILPA Principles is available...
SEC Proposes Rules Relating to Net Worth Standard for Accredited Investors
On January 25, 2011, the Securities and Exchange Commission ("SEC") proposed new rules under the Securities Act of 1933, as amended (the "Securities Act"), as required by Section 413(a) of the "Dodd-Frank Wall Street Reform and Consumer Protection Act"...
SEC Proposes Rules Relating to Net Worth Standard for Accredited Investors
On January 25, 2011, the Securities and Exchange Commission ("SEC") proposed new rules under the Securities Act of 1933, as amended (the "Securities Act"), as required by Section 413(a) of the "Dodd-Frank Wall Street Reform and Consumer Protection Act"...
SEC Proposes Rules Relating to Investment Adviser Registration Exemptions and Reporting Requirements
On November 19, 2010, the Securities and Exchange Commission ("SEC") proposed new rules under the Investment Advisers Act of 1940, as amended (the "Advisers Act"), as required by Sections 403, 407, 408 and 410 of the "Dodd-Frank Wall Street Reform and Consumer Protection...
SEC Dodd-Frank Implementation -- Proposed Family Office Definition
On October 12, 2010, the Securities and Exchange Commission (“SEC”) proposed new Rule 202(a)(11)(G)-1 (the “Proposed Rule”) to define the term “family office” under the Investment Advisers Act of 1940 (the “Advisers Act”), as required by Section 409...
SEC Dodd-Frank Implementation -- Proposed Institutional Investment Manager Reporting on Proxy Votes
On October 18, 2010, the Securities and Exchange Commission (“SEC”) proposed new Rule 14Ad-1 (the “Proposed Rule”) under the Securities Exchange Act of 1934 (the “Exchange Act”), as required by Section 951 of the “Dodd-Frank Wall Street Reform and Consumer...
CTFC Proposes New Rules for Consumer Privacy Protection
On October 27, 2010, the U.S. Commodity Futures Trading Commission (the “CFTC”) issued two notices of proposed rulemaking (“NPRMs”), citing Gramm-Leach-Bliley Act (“GLBA”) privacy rules, and marketing and data disposal rules of the Fair Credit Report Act...
Responding to Questions on the Transfer of Residential Mortgage Loans in Securitizations
Recently, in addition to questions regarding certain residential mortgage foreclosure processing improprieties, concerns have been expressed regarding the validity of certain transfers of residential mortgage loans in securitization transactions. We believe that these concerns are unfounded. To...
SEC Proxy Access Seminar: Video Now Available
The Securities and Exchange Commission recently adopted its final rule on "proxy access," perhaps the most sweeping reform in decades regarding the way directors of public companies are elected. On September 21, 2010, Hunton & Williams hosted a panel on the SEC's proxy access rule and...
