WSJournal article "Life After Madoff's 'Big Lie' " (eerily published hours before Mark Madoff took his own life) and Debevoise & Plimpton's client update, "SEC's Proposed Rules for Investment Advisers," look like good weekend reads. 

The WSJournal.   Aaron Lucchetti chronicles the lives of Ruth, Peter, Shana, Mark and Andrew Madoff, along with others, on the now too-famous and too-tragic 2-year anniversary of Bernie Madoff's arrest.  Here's how Mr. Lucchetti dealt with the brothers - before he knew of, and updated his column:

Bernard Madoff's two sons are adjusting to a world that no longer revolves around their charismatic father. Mark Madoff tried unsuccessfully for a few months to get a job in trading, then turned to working to develop new applications for iPads, according to one friend who spoke with him earlier in the year.

[WSJ article "Life After Madoff's 'Big Lie' ", 12/11/10]]

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Debevoise IA Update.   The SEC has proposed new rules under the Investment Advisers Act of 1940 to implement provisions of the Dodd-Frank Act re: certain new exemptions from registration under the Advisers Act.  Under Dodd-Frank, many private fund sponsors and other financial institutions (including certain non-U.S. advisers and financial institutions) that relied on the “fewer than 15 clients” exemption under the Advisers Act will be required to register with the SEC by 7/21/11 unless one of 3 proposed exemptions is available to them: 

1. VC Adviser Exemption.
2. Limited Private Fund Exemption.
3. Foreign Private Adviser Exemption.   [Debevoise Update, "SEC's Proposed Rules for IAs," 12/22]