Los Angeles County Bar Association: Business & Corporate Law Section eNews

Life In and After the Law – Program and Mixer December 9, 2009.
Come celebrate the holiday season with the LACBA Business and Corporations Law Section at X Bar at the Hyatt Regency Century Plaza Hotel.
Nick Santora will describe his experiences as an attorney at a large law firm and at an in-house position, as well as his current work outside of the legal field. Nick is now a writer/producer with 20th Century Fox. He will share his stories as well as those from others who have made the transition or have thought about making the transition, from large law firms to in-house jobs or, in some instances, outside of the law completely.
Earn 1/2 hour of CLE credit.
Register for this program now.

The SEC has published for comment measures intended to increase the transparency of “dark pools.” More transparency enables investors to get a clearer view of liquidity and stock prices.
The SEC describes dark pools as “essentially private trading systems in which participants can transact their trades without displaying quotations to the public. The largest dark pools are sponsored by securities firms primarily to execute the orders of their customers and proprietary orders of the firms.”
Comments are due by February 22, 2010.

The SEC has also adopted a final model privacy form under the Gramm-Leach-Bliley Act for financial institutions required to provide privacy notices to customers and an updated EDGAR filing manual.

The Department of Corporations has issued rules and orders recently to keep the Corporate Securities Act of 1968 and regulations issued thereunder up-to-date with changes in the names and function of certain national security exchanges, stock exchanges, markets, and related entities. Most recently, the DoC adopted rules amending various regulations reflecting these changes, to take effect December 10, 2009.

Changes in the Regulations under the Corporate Securities Law of 1968 as set forth in Chapter 3, Title 10, California Code of Regulations. Effective December 10, 2009.

Previously, on August 17, 2009, the Commissioner of Corporations issued two releases certifying the NASDAQ Global Market and NASDAQ Capital Market of the NASDAQ Stock Market LLC as national exchanges for purposes of certain exemptions in Section 251000(o) and 25101(a) of the Corporations Code.

Exemption from Non-issuer Qualification Requirements for NASDAQ Global Market and NASDAQ Capital Market Securities under Corporations Code Section 25101(a).

Exemption from Qualification Requirements for NASDAQ Global Market and NASDAQ Capital Market Securities under Corporations Code Section 25100(o).