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March 25, 2013
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Legal News in Brief

  Corporate Spotlight 
  • SEC is turning its attention to fund directors
    The Securities and Exchange Commission is pursuing action against the former directors of Morgan Keegan mutual funds, a decision that experts say might be indicative of an increase in regulatory scrutiny at the fund-director level. The decision to target Morgan Keegan directors should be a "significant deterrence message ... to the industry," said the SEC's asset-management enforcement head, Bruce Karpati. The Wall Street Journal (3/24) LinkedInFacebookTwitterEmail this Story
  • FINRA seeks ability to publicize complaints
    A Financial Industry Regulatory Authority proposal released last week for comment by the Securities and Exchange Commission would allow FINRA to publicize its monthly notices of disciplinary actions as well as its online reporting system in an effort to highlight pending regulatory complaints. The change would bring FINRA's policy closer to that of the SEC. However, some industry experts worry that the differing nature of the organizations makes the changes a bad fit for FINRA. InvestmentNews (free registration) (3/22) LinkedInFacebookTwitterEmail this Story
Is Pricing Low Your Strategy to Success? Think again.
Pricing is the heart of a business. It affects everything you do and is affected by everything you do. Economists talk of supply and demand as key factors behind pricing—successful entrepreneurs manipulate demand by making their products more desirable. These six steps will help you determine the right price for your product or service, read the article and learn how to get pricing right.

  National News 
  • New rules could change mortgage industry
    Two new regulations, one already written by the Consumer Financial Protection Bureau and one pending from regulators including the Federal Reserve and the Federal Deposit Insurance Corp., will define the extent to which lenders and originators are protected from potential default. In January, the CFPB released its definition of a qualified mortgage, a loan that doesn't require lenders to independently verify a borrower's ability to repay it. The industry is waiting for regulators to release the definition of a qualified residential mortgage that would spell out which loans banks can sell without having to maintain any exposure to default risks. Politico (Washington, D.C.) (3/24) LinkedInFacebookTwitterEmail this Story
Building Workplace Trust 2015
Interaction Associates' 6th annual research study tracking trust on the job, Building Workplace Trust, is out, and more than half of employees surveyed give their organizations low marks for trust and leadership. Yet this year's findings again point to how high trust leads to better outcomes and financial results — and even boosts innovation.

  Legislative Dispatch 
The IDC Market Spotlight on Network Automation and Agility
The arrival of virtualization, cloud computing, and mobility has strained data center networks—and IT staff—like never before. This Market Spotlight explains how data center network fabrics provide a foundation for automated provisioning, configuration, and management of network-based services in a new era of IT agility. Download now.

  Employment Focus 
  • Durbin calls for a task force on Social Security reform
    Sen. Dick Durbin, D-Ill., wants to create a bipartisan panel, similar to the Simpson-Bowles deficit-reduction commission, that would seek ways to keep Social Security on solid financial footing for the next 75 years. Durbin says he will introduce legislation to create such a panel and to allow six months for the group to propose changes. "People have been receptive to it. I think we can move forward," he said. Reuters (3/20) LinkedInFacebookTwitterEmail this Story
The ROI of Privacy with TRUSTe Solutions
Investment in a Data Privacy Management Platform can deliver significant, positive financial returns for corporate bottom lines. The "Total Economic Impact (TEI) of TRUSTe" Study explains how Forrester Analysts calculated a 151% ROI for TRUSTe customers. Download the study now.

  Supreme Court and Federal Court Watch 
  • "Pay to delay" case involving drugmakers goes before high court
    The Supreme Court is hearing arguments on the practice known as "pay to delay," sometimes used to settle patent disputes between pharmaceutical companies. The term refers to situations where brand-name drug companies pay generic-drug competitors to keep their products off the market for a certain period of time. Advocates of the practice say both sides benefit; opponents argue that the practice inhibits competition. National Public Radio (3/25) LinkedInFacebookTwitterEmail this Story
  Professional and Business Development 
  • How to write a flattering bio without boasting
    When writing your bio, let others do the talking, Jonathan Rick writes. He offers examples of successful bios, noting they each "restrain the hyperbole, cite high-authority sources, and claim expertise in a limited realm." Keep in mind your intended audience and consider hiring an editor, he writes. Fast Company online (3/20) LinkedInFacebookTwitterEmail this Story
  • Are you too nice?
    "We want to be nice all of the time, whether at home or at work," writes Amy Keyishian for Forbes, but being too nice at work can be a problem. She lays out nine strategies for overcoming "niceness" in the workplace, including projecting confidence when you feel insecure and invoicing all of your billable hours. Forbes/LearnVest (3/21) LinkedInFacebookTwitterEmail this Story
  PLI News 
  • Supreme Court Issues a Narrow Ruling in Amgen
    The U.S. Supreme Court doubled down on securities law recently by issuing two decisions in one week. In Amgen Inc. v. Connecticut Retirement Plans & Trust Funds, the court affirmed the Ninth Circuit's conclusion that a plaintiff need not prove the materiality of the alleged misstatements in a securities class action to certify a class of investors. On PLI's Securities Law Practice Center, experts from Alston & Bird discuss the implications of the decision. LinkedInFacebookTwitterEmail this Story
  • Venture Capital 2013: Nuts and Bolts
    A thorough understanding of current market practice, deal terms and conditions, transaction documents and applicable securities, regulatory and ethical issues is critical in the venture capital business. This April 9 program, taking place in East Palo Alto, Calif., and designed for those seeking a secure foundation in the venture capital field, will teach you the essentials of venture capital. LinkedInFacebookTwitterEmail this Story
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A thing is mighty big when time and distance cannot shrink it."
--Zora Neale Hurston,
American author

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