In this issue of CFWD we discuss:

- SEC Suspends Trading in Thirty-Five Pink
  Sheets Companies
- Shareholder Votes on Executive Compensation
- CBOE Rule Regarding Establishment of CBOE
  Stock Exchange
- Frequency of Short Interest Reporting Rule
  Change Approved
- Amendment Requiring Advisers Act Registration
- Public Comment Sought for Subprime Mortgage
- UK Financial Services Authority (FSA) Uses
  Wind Up Power
- FSA Publishes Updated Measure of UK Market
- Securities Fraud Claims Asserted Against
  Accountants Sustained
- Breach of Fiduciary Duty Claim for Excessive
  Investment Advisory Fees Dismissed
- No-Action Letter Allows Direct Access to TFX
  Trading System
- No-Action Relief Extended to FTSEurofirst 80
  and 100 Futures Traded on Euronext Paris