News

May 5, 2022

The proxy voting policy updates focus on executive compensation, compensation committee voting, human capital management, board composition and board of director over-boarding.

May 4, 2022

A memorandum from Ropes & Gray’s summarizes the 2022 Investment Management Conference sponsored by the Investment Company Institute. The conference included sessions that discussed the following industry and regulatory developments, among others.

May 3, 2022

The report notes that at the current growth rate, ESG products are likely to represent half of all professionally managed assets globally by 2024.

April 28, 2022

The lawyers advise candidates to conduct their due diligence on the company’s financial and operational performance, its material risks, its approach to internal controls, potential conflicts of interests, among other issues.

April 27, 2022

The district court focused principally on the definition of “voting security” under the 1940 Act to inform its decision.

April 26, 2022

Gensler noted the SEC “has a role to play in terms of bringing some standardization to the conversation happening between issuers and investors, particularly when it comes to disclosures that are material to investors.”

April 25, 2022

As part of MFDF's new 15(c) Contract Renewal webinar series, speakers from Barrington Partners will discuss the latest trends in intermediary fees issues.

April 21, 2022

Gensler stated he has “asked staff to consider recommendations around how we can further address cybersecurity risk that comes from service providers.”

April 20, 2022

The JOBS Act 4.0 would, among other things, expand the definition of “qualifying investments” by venture capital funds and double the number of limited partners allowed in certain venture capital funds and broaden the definition of accredited investors to those who pass an SEC-designed test.

April 19, 2022

The proposals require enhanced disclosure and increase potential liability under the federal securities laws for shell companies and SPACs, and would subject target companies and investment banks participating in de-SPAC transactions to new disclosures.

April 18, 2022

Speakers from UItimus and CAIS will discuss why interval and tender offer funds continue to attract attention from investors and advisors. The panel will take a deep dive into recent activity, highlighting the attraction of alternative strategies to the retail market.

April 18, 2022

Gensler called for crypto platforms to be registered and regulated much like exchanges.

April 14, 2022

In the SEC’s 2023 congressional budget request Chairman Gary Gensler requested $2.149 billion for the agency in support of 5,261 positions and 4,808 full-time equivalents.

April 13, 2022

The hearing focused on topics such as access to market data, anti-money laundering policies, and competition among exchanges, among other issues.

April 12, 2022

The Wall Street Journal reports that the “quota” law was the first of its kind in the U.S. and followed a similar California measure enacted in 2018 that mandated female directors on all boards of the state’s public companies, which is also facing legal challenges.

April 11, 2022

EXAMS will focus on private funds, ESG investing, retail investor protections, information security and operational resiliency, emerging technologies, and crypto assets.

April 8, 2022

The Democratic nominee is Jaime Lizárraga, who currently serves as Senior Advisor to Speaker of the House Nancy Pelosi. The GOP nominee Mark T. Uyeda is a career attorney with the SEC and is currently on detail from the SEC to the U.S. Senate Committee on Banking, Housing, and Urban Affair.

April 7, 2022

Join Deloitte’s Investment Management team for a conversation and demonstration of innovative accelerators and tools to help navigate the extensive compliance requirements within the Valuation rule. The webinar will take place on April 14 from 1-2:30 p.m. ET.

April 6, 2022

For FY 2023, the SEC is seeking to increase its workforce by 400 positions, including 125 positions in the Division of Enforcement and 13 new positions for the Division of Investment Management.

April 5, 2022

IM Division Director Birdthistle: “If a substantial portion of costs are being drawn out of investment companies through revenue sharing, soft dollar, and other practices with little visibility and even less familiarity, how reasonable is our expectation that investors should know when to exit?”