Sanctions for violations of Rule 105 of Reg M by a fund selling short in connection with an offering. [SL Comment: There is very little discussion of the facts, beyond the minimum. It is interesting to note that the SEC reiterates the statement in a footnote that a person may "wilfully" violate the law even though the person does not know the law; i.e., ignorance of the law is no defence to liability]. Cross Reference(s): Exchange Act Section 21C; Advisers Act Section 203(e); Rule 105 of Reg M(Distributions). For a discussion of Regulation M, see the Broker-Dealer Guide, Trading Chapter. View

This is a notice of application by Saratoga Investment Corp. for an exemption from Investment Company Act sections 18(a) and 61(a). Saratoga Investment Corp. seeks permission to follow a modified asset coverage in light of the policy behind regulation of Business Development Companies. Cross Reference(s): Investment Company Act Sections 6(c), 18(a) and 61(a). View release in full here (links externally to SEC website).

The SEC will not object if Republic Services, Inc. stops filing periodic and current reports under the Exchange Act, including their quarterly reports on Form 10-Q. The Subsidiary Guarantors will file certifications on Form 15 making appropriate claims under Exchange Act Rule 12h-3 on or before the due date of their Forms 10-Q for the quarter ended June 30, 2012. Cross Reference(s): Exchange Act Rule 12h-3. View release in full here (links externally to SEC website).

Treasury Secretary Tim Geithner testified before the House Financial Services Committee. His prepared remarks focused on what he viewed as the various regulatory accomplishments of the regulators (Dodd-Frank rulemaking); on threats to the economy (housing and Europe); and on other regulatory concerns (money market funds and tri-party repo market). However, news reports indicate that the primary interest of the Committee was in the Secretary's role in the LIBOR matter. View testimony in full here(links externally to House Committee on Financial Services website).Click here for a webcast of the

Botentourt, a bank holding company, previously filed a Form 15 to (i) suspend its reporting obligation under Section 15(d) of the Exchange Act, and (ii) terminate the registration of its common stock under Section 12(g). According to this no-action letter, the division of Corporation Finance will not object to Botetourt Bankshares discontinuing its filing of periodic and current reports. Cross Reference(s): Exchange Act Rule 12h-3; Exchange Act Sections 15(d) and 12(g). View release in full here (links externally to SEC website).