Tag Archives: Proposal

2019 Proxy Season Update: Shareholder Proposal Trends

In the United States, the process by which shareholders submit proposals to be voted on at a company’s annual meeting has long been a mechanism used to promote often obscure special interests and social issues. In recent years, however, as … Continue reading

Posted in Corporate Law | Tagged , , , , , , | Leave a comment

Connecticut Payroll Tax Proposal Raises Difficult Questions

With less than a month remaining in the legislative session, some Connecticut lawmakers want to go bold, eliminating the income tax for many taxpayers and replacing it with a new payroll tax. And while it has the support of some … Continue reading

Posted in Tax Law | Tagged , , , , , | Leave a comment

MFA recommends expansion of ‘fund of funds’ proposal to include private funds

By Rodney F. Tonkovic, J.D. A comment letter by the Managed Funds Association asks the SEC to include private funds in the scope of its proposed "fund of funds" rules. While the MFA supports the updating of the regulation of … Continue reading

Posted in Securities Law | Tagged , , , , , , | Leave a comment

Federal Reserve Board issues proposal to clarify and simplify “control” under the Bank Holding Company Act

On April 23, 2019, the Federal Reserve Board announced that it had voted to issue a proposal for public comment that would simplify and make more transparent the standards under which the Federal Reserve Board determines that a company controls … Continue reading

Posted in Banking and Finance law | Tagged , , , , , , , , , , , | Leave a comment

Recent New Jersey Rule Proposal Progresses State Efforts to Impose Fiduciary Duties on Brokers

On April 15, the New Jersey Bureau of Securities (the “Bureau”) issued a rule proposal to establish a uniform fiduciary duty standard applicable to investment advisers, brokers-dealers and their registered representatives and agents.  Specifically, the proposed rule (N.J.A.C. 13:47A-6.4), which … Continue reading

Posted in Administrative law | Tagged , , , , , , , , , , | Leave a comment