Best of the Web – May 2016
Welcome to the May 2016 “Best of the Web.” Some provocative questions highlight this month’s BOTW. K&L Gates asks whether recent criticisms of the SEC are fair or unfair. SEC3 then inquires whether you are ready for an SEC exam. Morgan Lewis asks whether independent directors are in the SEC crosshairs. We have also included some articles about the fiduciary rule and pay-to-play to round out your early summer vacation reading.
Recent Criticisms of the SEC: Fair or Unfair? (K&L Gates)
http://www.klgates.com/recent-criticisms-of-the-sec-fair-or-unfair-05-09-2016/
Are you ready for your next SEC exam? (SEC3)
http://seccc.com/images/sec-exam-file.pdf
Independent Directors: in the SEC’s crosshairs? (Morgan Lewis)
Complying on pay-to-play: tips for CCOs (Schulte Roth & Zabel)
https://www.srz.com/resources/complying-on-pay-to-play-tips-for-ccos.html
A Fund Manager’s Cyber Security Action Plan (SadisGoldberg)
http://www.sglawyers.com/wp-content/uploads/2016/05/00302614.pdf?lbisphpreq=1
FINRA Sweep Letter Regarding Mutual Fund Waivers (ACA)
The Evolution of Marketplace Lending (Dechert)
The New Fiduciary Rule’s Effect on Investment Managers (Seward & Kissel)
http://www.sewkis.com/pubs/xprPubDetail.aspx?xpST=PubDetail&pub=761
The Final Fiduciary Rule: A Plan Sponsor’s Perspective (Groom)
http://www.groom.com/media/publication/1691_The_Final_Fiduciary_Rule_A_Plan_Sponsors_Perspective.pdf
SEC Proposes Incentive-Based Compensation Rule: How to Determine Whether Your Firm Will Be Impacted (Ropes & Gray)
Potential Effects of the Proposed Consolidated Audit Trail on Investment Advisers, Broker-Dealers, and Other Market Participants
(Willkie Farr & Gallgher)