Regulatory Notice 25-04: Rule Modernization
SIFMA provided comments to FINRA in response to Regulatory Notice (RN) 25-04. We welcome this effort to modernize and update…
Court:
U.S. Supreme Court
(pet. for writ of cert.)
Amicus Issue:
Whether applicability of the class action bar under the Securities Litigation Uniform Standards Act (SLUSA) – which requires that the misrepresentation or omission was “in connection with the purchase or sale” of a covered security – requires an inquiry into the materiality of the alleged misrepresentation or omission.
Counsel of Record:
Morrison & Foerster LLP
Joseph R. Palmore
Adam L. Sorensen
Other Amici:
U.S. Chamber of Commerce
Financial Services Institute
SIFMA provided comments to FINRA in response to Regulatory Notice (RN) 25-04. We welcome this effort to modernize and update…
SIFMA, The Bank Policy Institute (BPI), the American Bankers Association (ABA), and the Managed Funds Association (MFA) provided comments to…
Court: U.S. Court of Appeals (Seventh Circuit) Amicus Issue: Whether the SEC properly denied CBOE’s proposed rule to reclassify order…