Proxy rules amended to offer “e-proxy” flexibility
Firm faces lawsuit from N.Y. attorney general over Merrill Lynch merger
Regulator alleges firm misled investors about subprime investments
Efforts between the two agencies are increasing in oversight of credit rating agencies and hedge fund advisors
Rules will help reduce risks for investors
Measures are part of “significant reorganization” of SEC’s enforcement division
Rule would require brokers to establish risk management controls, supervisory procedures
Review to determine whether interests of long-term investors are being served
Cherokee Gas Systems offering has rasied US$1.4 million from U.S. and Canadian investors
PwC’s di Florio hired as compliance chief