An SEC proposal amending the application process for funds seeking exemptive relief under the Investment Company Act of 1940 was published in the Federal Register.
Cadwalader attorneys reviewed the DOJ and FTC Annual Hart-Scott-Rodino Report. The Report covers agency actions between October 1, 2017 and September 30, 2018.
Two companies agreed to pay $16 million to settle CFTC charges of wheat futures price manipulation. The CFTC agreed not to make "any public statement about this case."
The American Banking Association, SIFMA and the Institute of International Bankers proposed revisions to a Federal Reserve Board proposal to modify its regulations for determining "whether a company has the ability to exercise a controlling influence" on another company.
Several industry associations proposed amendments to an SEC-proposed new rule intended to "streamline and enhance" the regulatory framework for "funds of funds arrangements."
The SEC Division of Corporation Finance determined that, for the purposes of applying Exchange Act Rules related to "Collar Contracts," an insider will be deemed to own the corporation shares underlying the operating partnership units.
SIFMA and the Security Traders Association raised concerns about legislative proposals on capital formation and corporate governance currently under consideration by the U.S. Senate Committee on Banking, Housing and Urban Affairs.
