A Project of the Institute For Financial Market Regulation
Welcome! We are The Institute For Financial Market Regulation, a cooperative project of academics, professionals, and students interested in the operation and regulation of financial markets. We created this forum as a place to share research, experiences, proposals, and practical […]
With the press of the last semester, I find myself in catch up mode. (I suspect I am not alone!) This post — which discusses a recent Delaware Chancery Court case involving Rule 23.1 and shareholder derivative actions — is the first a […]
On October 26, 2016, the SEC voted to propose amendments to the proxy rules to require parties in a contested election to use universal proxy cards that would include the names of all board of director nominees. This post briefly summarizes […]
Those of you who know me know that I am hugely interested in public finance. I have written several articles about the municipal securities market, municipal finance distress, and municipal bankruptcy, and I believe that reform is essential if our […]
Earlier this week, we alerted readers to a report by the New York State Department of Financial Services concerning New York State Comptroller Tom DiNapoli’s oversight of the Common Retirement Fund (CRF). As discussed in our post, the report took issue […]
Last month, I received my copy of Business Organizations in Focus in the mail from Wolters Kluwer. I am incredibly grateful to have had the opportunity to work on this book with my wonderful co-author Deborah Bouchoux. Every so often, I […]
Late last month, the New York State Department of Financial Services proposed a new cybersecurity regulation that would require banks, insurance companies, and other financial services institutions regulated by DFS to establish and maintain a cybersecurity program designed to protect consumers […]
Earlier today, the New York State Department of Financial Services (DFS) released a report finding that the New York State Common Retirement Fund (CRF) — the massive investment arm of the New York State Local Employees’ Retirement System and the […]
One of the best parts of the Institute for Financial Market Regulation is our wonderful Advisory Council. Last week, we had the great good fortune to host Gerald Citera– one of IFMR’s founders and a long-time member of IFMR’s executive committee. Jerry currently […]
On July 29, 2016, the Federal Deposit Insurance Corporation (“FDIC”) released its proposed Guidance on Managing Third-Party Risk (“FDIC Proposal”). The FDIC Proposal (available at https://www.fdic.gov/news/news/financial/2016/fil16050.html) invites comments on proposed guidance for third-party lending. The purpose of the guidance is to set forth […]
On August 23, 2016, the Securities and Exchange Commission announced that four private equity fund advisers affiliated with Apollo Global Management (the “Apollo Advisers”) agreed to pay $52.7 million in settlement for (i) reportedly misleading fund investors about fees and a loan […]
