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• The Increasing Trend of Manufacturer/Dealer Litigation and Tips on Avoidance ( September 2004 )
  

  Intense competition has led many motor vehicle manufacturers to re-focus their business plans and has raised their awareness of the customers' total experience, from sales to service. Manufacturers constantly encourage their dealers to improve their facilities and services and to position dealerships in the most desirable locations. Of course, manufacturers' regional and national strategies may not always coincide with the dealers' perception of local requirements or the dealers' financial objectives.

• NASD Arbitration of Securities Disputes ( January 2004 )
  

  Since 2000, new case filings with National Association of Securities Dealers ("NASD") Dispute Resolution, Inc. are increasing at record levels.

• Arbitration for the Uninitiated ( October 2003 )
  

  A record number of new cases have been filed with the National Association of Securities Dealers Dispute Resolution since 2000. The NASD is the leading private-sector provider of financial regulatory services. Nearly all securities firms in the United States are members of this private not-for-profit organization. The NASD establishes rules to govern the conduct of its members, registers firms, conducts compliance examinations, and disciplines members that fail to operate in accordance with its regulations.

• Amendments to NASD and NYSE Analyst Standards Rules ( August 2003 )
  

  On July 29, 2003, the Securities and Exchange Commission ("SEC") approved the proposed rule changes by the National Association of Securities Dealers, Inc. ("NASD") and the New York Stock Exchange, Inc. ("NYSE") (together with other self-regulatory organizations, the "SROs") that further address research analyst conflicts of interest in connection with equity research reports, and are designed to achieve full compliance with the mandates of section 501 of the Sarbanes-Oxley Act of 2002 ("SOA").

• Final Rules Implementing Section 326 of the USA Patriot Act for Broker-Dealers: Customer Identification Procedures ( June 2003 )
  

  On May 9, the United States Department of the Treasury ("Treasury") and the Securities and Exchange Commission ("SEC") released a joint final rule to require broker-dealers to establish procedures to verify the identity of new accountholders (68 Fed. Reg. 25113, the "Final Rules"). The Final Rules implement section 326 of the USA Patriot Act, and broker-dealers must comply with the Rules by October 1, 2003.

• SEC Adopts Final Rule on Requirements for Listing Company Audit Committees ( April 2003 )
  

  The SEC has adopted final rules directing national securities exchanges and national securities associations to prohibit the listing of securities of issuers not in compliance with the audit committee requirements of the Sarbanes-Oxley Act of 2002.

• NYSE and Nasdaq Revised Listing Standards for Director Independence ( April 2003 )
  

  In March 2003 the New York Stock Exchange (NYSE) and the National Association of Securities Dealers, Inc., through its subsidiary, The Nasdaq Stock Market, Inc. (Nasdaq), submitted to the Securities and Exchange Commission (SEC) proposed listing standards related to board composition and director independence. The proposed listing standards will affect the composition of the boards of directors and audit committees of listed companies and will impact the individual members of the board.

• SEC Proposed Rule: Listing Standards Relating to Audit Committees under Sarbanes-Oxley ( January 2003 )
  

  The SEC yesterday proposed a rule directing national securities exchanges and national securities associations (self-regulatory organizations, or "SROs") to prohibit the listing of any type of securities of issuers not in compliance with the audit committee requirements of the Sarbanes-Oxley Act of 2002.

• SEC Open Meeting: SEC Votes to Propose Rules for Audit Committees under Sarbanes-Oxley ( January 2003 )
  

  The SEC voted today to propose a rule that would direct national securities exchanges and national securities associations (collectively referred to as selfregulatory organizations or "SROs") to prohibit the listing of any security of an issuer, domestic or foreign, that is not in compliance with the audit committee requirements of Section 301 of the Sarbanes-Oxley Act of 2002. The proposals would implement the requirements of Section 10A(m)(i) of the Securities Exchange Act of 1934, as added by Section 301 of the Act.

• Trading In Hot Equity Offerings ( June 2000 )
  

  The NASD has filed a proposal with the SEC to create a new rule dealing with Trading in Hot Equity Offerings, Rule 2790.