Securities Regulation & Law Report Index-Summary

UNDERWRITING

– Penny stock pump-and-dump scheme, underwriting charges added to claims (N.D. Tex.), 20; charges settled, 660

UNITED KINGDOM (UK)

– Building society conversion, statute of limitations tolled by related claim (9th Cir.), 938
– Controlling interest, FSA fines individual for failure to notify of acquisition, 1735
– Cooperative oversight action, FSA and CFTC announce strategy, 1593; supervision agreement signed, 1752
– Director and officer liability insurance, survey finds class action fears prompt purchases, 1314
– Fines, FSA proposes higher rates linked to income, seeks comments, 1297
– Hedge funds

– – Common rules, FSA and SEC pledge to coordinate regulation, 1732
– – Warning system, Serious Fraud Office to create, 977

– Insider trading, FSA completes first successful criminal prosecution, 612
– Investment advisers, FSA calls for end to commission-based remuneration, 1196
– Investment bank insolvency, Treasury releases report and seeks comment, 909
– Madoff fraud, investigation opened, 62
– Market abuse, portfolio managers censured, 1894
– Mismarking, FSA bans securities and commodities traders, 976
– Mortgages, EC approves scheme to securitize government-guaranteed loans, 763
– Regulatory reform, Chancellor issues white paper, 1296
– Short selling, ban ended, disclosure rules extended, FSA seeks comments, 62; discussion paper extends disclosure rules to all stocks and related instruments, 304; disclosure rules may be extended indefinitely, 1071; rules extended, 1245
– Stamp Duty Reserve Tax on foreign capital found unlawful by EU (E.C.J.), 1847
– Systemic risk, FSA proposes new bank regulations, 509; liquidity reporting proposals released for comment, 770; voluntary code on bonus payments unveiled, 1533
– Transaction reports, FSA fines Barclays for failures, 1671

UNREGISTERED SECURITIES

– Alternative power company, general counsel charged with fraud over unregistered offering (M.D. Fla.), 915
– Attorney, criminal charges filed over manipulation with unregistered securities of client companies (E.D. Va.), 465; second attorney indicted in pump-and-dump scheme, 515
– Concealed waiver of offering agreement, investors failed to act with reasonable diligence, dismissal affirmed (8th Cir.), 22
– craigslist used to advertise securities fraud targeting retirees (D.N.J.), 914
– Disgorgement based on reasonable approximation of ill-gotten gains may stand (11th Cir.), 967
– Integration of offerings dooms claim of exemption (Minn. Ct. App.), 91
– Jurisdiction, attorney must face claims re preparing subscription agreement to sell to Arizona residents (D. Ariz.), 675
– Opinion letters, attorneys and businesswoman charged in pump-and-dump scheme (N.D. Ga.), 873
– Pyramid scheme, head of multilevel marketing firm faces SEC suit (M.D. Fla.), 1311
– Regulation D exemptions, inspector general faults Corp. Fin. for lack of review and enforcement, 610
– Short sales, no exemption found for illegal distribution of stock to offset credit losses (U.S., rev den), 1055
– Starnet, scheme involving options and warrants, SEC finding of registration violations upheld (D.C. Cir.), 1252
– Undisclosed underwriter, investment bank must face SEC claims it circumvented Regulation E (D. Nev.), 662