SEC Approves Rule 2290 Regarding Fairness Opinion Disclosures

November 01, 2007

To address increasing public concern that fairness opinion disclosures do not adequately address potential conflicts of interest, the Securities and Exchange Commission (SEC), on October 11, 2007, approved new Rule 2290 regarding fairness opinion disclosures and procedures. Rule 2290 was originally proposed by the NASD in November 2004 and was amended four times prior to SEC approval.

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