There's likely going to be movement on the 500 shareholder rule this year, says Brian Breheny of Skadden, Arps, Slate, Meagher & Flom LLP. It's "an area that Congress has focused on and that the SEC has focused on. There are a number of bills, some of which have already got out of committees in the House and are also being considered by Senate committees," says Breheny, who goes on to discuss some of the main outlines of the various bills going through Congress. - George White
Ken deRegt will retire as head of fixed income at Morgan Stanley and be replaced by Michael Heaney and Robert Rooney. For other updates launch today's Movers & shakers slideshow.