Securities Regulation & Law Report Index-Summary

NASAA

See NORTH AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION (NASAA)

NASD

See now FINANCIAL INDUSTRY REGULATORY AUTHORITY (FINRA)

NASDAQ

– Business model, markets must innovate to succeed, analyst says, 349
– Clearly erroneous trades, consistent standard for breaking adopted, 1865
– Derivatives, subsidiary licensed to operate clearinghouse for OTC interest rate swaps, 66
– Flash orders, Schumer (D-NY) asks Schapiro to ban premarket viewing, 1439; Nasdaq and BATS to voluntarily eliminate use of programs that facilitate flash orders, 1487; Kaufman (D-Del) asks for SEC study before regulation, 1664; SEC votes to ban flash orders, 1717; Schapiro responds to Kaufman inquiry, 1734; Paredes concerned re effect of flash order ban, 1775; Kaufman (D-Del) praises ban as first step, 1826
– Listing requirements, SEC allows continuation of standards suspension, 85
– Short sale tick test, exchanges propose modified rule for fast, modern markets, 565
– Sponsored access systems, SEC considers rule proposal, 971
– Taiwan Futures Exchange, MOU signed for possible partnership, 511

NETHERLANDS

– Oil and gas, settlement cleared for claims re Royal Dutch Shell reserves inflation, 1064
– Qwest Dutch joint venture, bankruptcy trustees file claims against former executives (D. Colo.), 237

NEW YORK STOCK EXCHANGE

See now NYSE EURONEXT

NEWSPAPERS AND MAGAZINES

– Insider trading, magazine employees settle claims of trading on unpublished columns (S.D.N.Y.), 615
– Phony press release, trader charged with creation and dissemination of fake news (M.D. Fla.), 1010

NIGERIA

– Oil and gas, Halliburton settles FCPA bribery charges, 157; record fines to be paid (S.D. Tex.), 256; employees of subsidiary indicted, 403

NO ACTION LETTERS

– Corporate responsibility committee, Verizon may omit proposal, 35
– Cumulative voting, Bank of America and Motorola may not omit proposals, 99
– Host country health and environment report, Chevron may not omit proposal, 684
– Mutual funds, clearance to invest in window variable rate demand bonds, 1130
– Simple majority vote, NYSE Euronext may not omit proposal, 187
– Special meetings, AMN Healthcare Svcs. and Burlington N. Santa Fe may not omit proposals, 142

NORTH AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION (NASAA)

– Affinity fraud, NASAA begins educational initiative for unions and associations, 1277
– Appointments, President, Voight Crawford named, 1745
– Auction rate securities, NASAA launches website to guide investors filing claims, 625
– Elder abuse, NASAA forms alliance to combat financial fraud targeting seniors, 1174
– Inv. Adviser Registration Depository, some fees to be waived, 1903
– Legislative agenda, role of states, transparency, and increased oversight highlighted, 175
– Penalty pre-authorization, SEC commissioner tells conferees program should end, 78; history of SEC corporate enforcement, Analysis and Perspective, 307

NOTICE

– Cal., escheated property, issuer wrongfully transferring stock to state without notice not immunized by unclaimed property law (Cal.), 1420
– Forum selection clause upheld despite investor claims of lack of notice (Cal. Ct. App.), 228
– Inquiry notice

– – Clinical trial disclosures, scientific debate without evidence of bad faith does not trigger inquiry notice (3d Cir.), 211
– – Heart attack risk, dismissal of claims as a matter of law based on public documents premature (U.S., rev grant), 1001; SIFMA files amicus brief, 1566
– – Reasonable person standard on suspicion of injury is question for trier of fact (Cal. Ct. App.), 314

NYSE

See now NYSE EURONEXT

NYSE ALTERNEXT

See now NYSE AMEX

NYSE AMEX

– Best execution, nonspecific SEC report is insufficient to support claim (2d Cir.), 408
– Volatility, suspension of closing rules, temporary provisions extended, 56

NYSE EURONEXT

– Appointments and personnel issues, Senior Vice President, Lukken named, 1175
– Broker discretionary voting

See PROXIES

– Business model, markets must innovate to succeed, analyst says, 349
– Credit default swaps clearing, NYSE in joint venture for European index contracts, 9
– Enforcement actions, censures and fines announced, 303; 711; 979; 1942
– Executives, bill to grant SEC power to pursue violations of securities laws after resignation

See LEGISLATION, FEDERAL, HR 2623

– Fixed income derivatives, clearing joint venture announced with Depository Trust & Clearing, 1177
– Front running, class certified in claims against specialist firms (S.D.N.Y.), 1194
– Futures, NYSE Liffe US to introduce futures products based on MSCI indices, 1030
– Independent directors, In Brief, 1738
– Listing criteria

– – Market capitalization provision temporarily lowered, 162
– – Price requirement temporarily suspended, 351

– NYSE Alternext

See now NYSE AMEX

– Options, NYSE Arca to expand penny pricing pilot, 1788
– Qatar, trading begins in joint venture, 1196
– Regulation

See FINANCIAL INDUSTRY REGULATORY AUTHORITY (FINRA)

– Self-trades, rule change increases flexibility for NYSE firms, 1955
– Short sale tick test, exchanges propose modified rule for fast, modern markets, 565; Niederauer to draft SEC comment letter, 762
– Simple majority vote, NYSE Euronext may not omit proxy proposal (SEC No-Action Letter), 187
– Trading halts, circuit breaker trigger levels, quarterly revision, 53
– Uncontested director elections, NYSE proposal to drop broker discretionary voting causes controversy, 606; SEC will move ahead with proposal, 855
– Volatility, suspension of closing rules, temporary provisions extended, 56