January 2013

SEC Adopts New Obligations for Broker-Dealers and Paying Agents Regarding Lost Securityholders and Unresponsive Payees

The Securities and Exchange Commission (the "SEC") recently adopted amendments to Rule 17Ad-17 (the "Rule") under the Securities Exchange Act of 1934 to implement certain requirements of the Dodd-Frank Wall Street Reform and Protection Act. The amended Rul…