• SEC Approves Soft Dollar Interpretive Release
• Federal Banking Regulators State that Proposed Legislation Should Not Deter Qualified Individuals from Serving as Bank Directors and Officers
• IRS Issues Notice on New Legislation Imposing Excise Taxes on Tax-Exempt Organizations Participating in Prohibited Tax Shelters and Similar Transactions
• SEC Approves NASD “Text Box” Disclosure Requirements for Mutual Fund Performance Ads
• SEC Reverses In Part Administrative Law Judge’s Dismissal of Charges in Class B Shares Proceeding
• SEC Staff Grants Extension of No-Action Relief That Permits Broker-Dealers to Rely on Registered Advisers to Perform AML Customer Identification Programs