In this issue of CFWD we discuss:

- FASB Denies Request to Delay Implementation
  of FIN 48
- SEC Posts Guidance for Restatements Due to
  Stock Option Backdating
- Tax Constraints Approved on Compensation to
  Highly Paid Executives
- NYSE Requests Extension of Implementation Date
  of Regulation NMS
- Rule Changes Proposed to Research Analyst
  Conflicts of Interest
- Assets Recovery Agency to Merge with SOCA in 2008
- Securities Act Claims Not Subject to Rule 9(b)
  Pleading Requirements
- District Court Sustains Federal Securities Claim
  in Contest for Spanish Company
- CFTC Requires CPOs and CTAs to File Certain
  Notices Electronically