Purpose – The purpose of this paper is to review recent regulatory enforcement actions sanctioning firms for failure to safeguard material, non‐public information (MNPI). Design/methodology/approach – The paper reviews recent enforcement actions and examines the implications for other...

Purpose – The purpose of this paper is to highlight areas of particular interest to non‐US investment funds in the second installment of the US Treasury Department's written guidance under the Foreign Account Tax Compliance Act (FATCA). Design/methodology/approach – The paper explains the...

Purpose – The purpose of this paper is to provide selected Financial Industry Regulatory Authority (FINRA) regulatory notices and disciplinary actions issued in July and August 2011. Design/methodology/approach – The paper provides Regulatory Notice 11‐31, July 2011, Credit Default Swaps:...

Purpose – The purpose of this paper is to analyze the compatibility of Islamic banking with the Italian banking system, to report what Italian legislators are currently doing to accommodate Islamic finance in the Italian banking system, and to explore solutions to the obstacles that have been...

Purpose – The purpose of the paper is to explain FinCEN's money services business rule (MSB Rule) revising the regulations that apply to MSBs. Design/methodology/approach – The paper details the principal revisions in the new MSB Rule, including an amended definition of an MSB, an activity...

Purpose – The purpose of this paper is to provide frequently asked questions and answers in connection with the large trader reporting system. Design/methodology/approach – The paper explains the large trader rule and filing requirements, including the application of the rule to non‐US...

Purpose – The purpose of this paper is to explain the guidance on interpretive issues under Exchange Act Rule 14a‐8 published in SEC Staff Legal Bulletin No. 14F (SLB 14F). Design/methodology/approach – The paper summarizes the guidance to companies provided by SLB 14F on how to verify a...

Purpose – The purpose of this paper is to point out similarities and differences between the CFTC's and the SEC's final whistleblower incentive and protection rules, both recently adopted as mandated by the Dodd‐Frank Act. Design/methodology/approach – The paper explains the purpose of the...

Purpose – The purpose of this paper is to recommend proactive measures that companies should take to manage reports of securities violations under the SEC's new whistleblower program. Design/methodology/approach – The paper explains the whistleblower bounty program and recommends ten...