Purpose – The purpose of this paper is to summarize and explain amendments to SEC Regulation SHO adopted on June 13, 2007 Design/methodology/approach – The paper explains elimination of “grandfather” exception to Reg SHO close‐out requirement, explains proposed amendments to options...

Purpose – To describe and analyze in detail an Interpretive Release (the “2006 Interpretation”) approved on July 12, 2006 by the US Securities and Exchange Commission (“SEC”) regarding the soft dollar safe harbor under Section 28(e) of the Securities Exchange Act of 1934....

On December 17, 2003 the Securities and Exchange Commission (SEC) approved an overhaul of the New York Stock Exchange’s (NYSE’s) system of corporate governance. After questions arose concerning the NYSE’s ability to discharge its self‐regulatory functions following the resignation of...