Journal of Investment Compliance: Volume 8 Issue 2

DC circuit vacates the fee‐based brokerage rule

Robert B. Ericson

The paper aims to explain the background and to discuss the implications for broker‐dealers of US Circuit Court of Appeals for the District of Columbia March 30, 2007 decision in…

Rule 12b‐1: a look at the past, present and future

Michael R. Rosella, Domenick Pugliese

The purpose of this paper is to assess the history, current use, and possible future of Rule 12b‐1 of the Investment Company Act of 1940.

Processing swaps: controls, challenges, and considerations

Francis P. Corbett, Girard M. Healy, Kenneth R. Poudrier

The aim of this paper is to discuss the business and operational considerations and controls involved when derivatives, specifically swap contracts, are used as investment…

Litigation in the information age: taking discovery into the digital era to comply with new federal e‐discovery requirements

Riki Fujitani, Eric Kunisaki

The paper aims to discuss the growing importance of electronic discovery in commercial litigation; the impact of the e‐discovery amendments to the Federal Rules of Civil Procedure…

Delaware Court of Chancery issues two important decisions on stock options backdating, spring‐loading and bullet‐dodging

Stephen Alexander, Warren Rissier, Susan Chun

The purpose of this paper is to describe the implications of two recent decisions in Ryan v. Gifford and In Re Tyson Foods, Inc. concerning stock options backdating…

Changes in the investment adviser business in the United States

Paul D. Glenn

The purpose of this paper is to discuss the overall profile of SEC‐registered investment advisers in the USA, to identify trends and influences on the profile of investment…

Protecting investors and the integrity of capital markets

Joseph Borg

The aim of this paper is to express a point of view concerning recent recommendations to reduce or eliminate the authority of state securities regulators.

Draft amendments to the German Investment Act

Sven Zeller

The purpose of this paper is to summarize recent draft amendments to the German Investment Act as reflected in the second Draft dated 2 April 2007.

China's new rules on anti‐money laundering

TieCheng Yang, Nan Zhang

The aim of this paper is to outline some key features of China's new rules on anti‐money laundering.

Implementation of the Transparency Directive changes shareholder notification requirements across Europe

Andrew Hougie, Jessica Brescia, Alexandre Marion, Katharina Ebell, Thierry Hudsyn, Pascal Bouvy

The purpose of this paper is to describe and compare the different ways in which the shareholder disclosure requirements under the European Union Transparency Directive have been…

Editor column

Henry A. Davis