Top 5 Regulatory Alerts – September 2012

Here are our Top 5 Regulatory Alerts for September 2012, ranked by
significance.  We have also included the Top 5 most read Alerts.

Top 5 Regulatory Alerts – September 2012

1. OCIE
   Issues Pay-to-Play Risk Alert (9/4/12)
2. SEC
   Says that Use of Backtested Performance Data Was Misleading (9/5/12)
3. Investment
   Newsletter Violated Rule Prohibiting Past Specific Recommendations
   (9/24/12)
4. Private
   Equity Firm Must Offer Rescission for Misleading Investors about Portfolio
   Company (9/20/12)
5. Fund
   Sub-Adviser Failed to Disclose Payments from Affiliated Adviser (9/12/12)

 Most Read – September 2012

1. SEC
   Says that Use of Backtested Performance Data Was Misleading (9/5/12)
2. SEC
   Prosecutes Radio Host for Using Misleading Backtested Performance (9/17/12)
3. Fund
   Sub-Adviser Failed to Disclose Payments from Affiliated Adviser (9/12/12)
4. BD
   and Founder/President Charged with Supervisory Weaknesses that Allowed Churning
   (9/13/12)
5. Investment
   Newsletter Violated Rule Prohibiting Past Specific Recommendations
   (9/24/12)