Bitounis v. Interactive Brokers LLC
Court: Ohio Supreme Court Amicus Issue: Whether a broker-dealer or banker may be held liable under Ohio’s aiding and abetting…
SIFMA submitted a comment letter to the Securities and Exchange Commission (SEC) regarding the removal of ratings and issuer diversification proposal for 2a-7 funds.
SIFMA respectfully urged the SEC to carefully consider SIFMA’s comments to ensure clarity when eliminating references to ratings in Rule 2a-7 and to ensure that the changes to Form N-MFP require reporting only of pertinent information.
SIFMA also urged the SEC to retain the exception to issuer diversification testing for securities with a guarantee by a non-controlled person of the issuer, to avoid a portfolio management constraint that will provide no clear benefit.
Court: Ohio Supreme Court Amicus Issue: Whether a broker-dealer or banker may be held liable under Ohio’s aiding and abetting…
Court: U.S. Court of Appeals (Ninth Circuit) Amicus Issue: Whether claimants, who invested in a private equity fund operated as…
SIFMA, The Consumer Bankers Association (CBA), Independent Community Bankers of America (ICBA), Mortgage Bankers Association (MBA), and the National Mortgage…