Financial Industry Regulatory Authority (FINRA) posted a regulatory notice on proposed new rules governing member communications with the public: Regulatory Notice 09-55. The new rules would replace current NASD Rules 2210 and 2211, the Interpretive Materials that follow NASD Rule 2210, and portions of Incorporated NYSE Rule 472. The proposal would replace the existing six … Read more »
Draft SEC Strategic Plan for 2010-2015
The Securities and Exchange Commission is seeking comment on its draft Strategic Plan. The document includes drafts of the SEC’s mission, vision, values, strategic goals, major initiatives, and performance metrics for fiscal years 2010 through 2015. Draft SEC Strategic Plan for 2010-2015 Here is the new vision: The SEC strives to promote a market environment … Read more »
The CFO’s and CCO’s Role in Fundraising
Yesterday, I attended the PERE Real Estate CFOs Forum. These are my notes from this session: Moderator: Steve Felix, Head of Client Relations-Real Estate, Aviva Investors Ira Bergstein, Principal & CFO, Palisades Financial, LLC Jack Foster, Head of Real Estate, Franklin Templeton Real Estate Advisors Asha Richards, Vice President & General Counsel for the Private … Read more »
Managing Private Real Estate Funds – The Changing Role of the CFO and Chief Compliance Officer
Yesterday, I attended the PERE Real Estate CFOs Forum. These are my notes from this session. Moderator: Gary Koster, Americas Leader- Real Estate Fund Services, Ernst & Young LLP Peter C. Cluff, Principal, Europa Capital LLP Stuart Koenig, Global CFO & Chief Administrative Officer, AREA Property Partners Dominic Petrucci, Chief Financial Officer, Buchanan Street Partners … Read more »
Debt: The Missing Link
Yesterday, I attended the PERE Real Estate CFOs Forum. These are my notes from this keynote session by Schecky Schechner, Managing Director, US Head of Real Estate Investment Banking, Barclays Capital. There is a wave (a wall?) of real estate debt maturities coming due over the next three years. He started talking about the private … Read more »
Shifting Regulatory Landscape in the US and Abroad
This afternoon, I am speaking at the PERE Real Estate CFOs Forum in New York on the Shifting Regulatory Landscape in the US and Abroad. Moderator: Gilbert D. Porter, Partner, Haynes & Boone LLP Panel Members: Andrea Carpenter, Director, INREV (European Association for Investors in Non-listed Real Estate Vehicles) Doug Cornelius, Chief Compliance Officer, Beacon … Read more »
Capital Markets Regulatory Reform: Enhancing Oversight of Private Pools of Capital
Today, the House Committee on Financial Services heard testimony on Enhancing Oversight of Private Pools of Capital. This seems to be is response to the draft Private Fund Investment Advisers Registration Act. Congressman Paul E. Kanjorski (D-PA), Chairman of the House Financial Services Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises, released a discussion … Read more »
Update on the European Directive to Regulate Alternative Investment Fund Managers
The draft Directive on Alternative Investment Fund Managers was published on April 30, 2009. The Proposed Directive has been subject to lots of criticism. Many of the provisions in the Proposed Directive misunderstood the characteristics of different types of alternative investment funds. It now seems the Proposed Directive will be implemented in one form or … Read more »
Updated FTC Guidelines Affect Testimonial Advertisements, Bloggers, Celebrity Endorsements
On October 5, the FTC released their updated guidelines to advertisers on how to keep their endorsement and testimonial ads in line with the Federal Trade Commission Act. The guidelines were last updated in 1980. Clearly technology and publishing has changed significantly in the past 30 years. The revised Guides also add new examples to … Read more »
National Breast Cancer Awareness Month
October is National Breast Cancer Awareness Month. Compliance Building, like many others, has gone pink to promote and support the world’s fight against breast cancer. After watching the NFL players sporting pink accents on Sunday, I figured I could do the same thing. So I updated the website and changed many of the colors to … Read more »