News

August 23, 2021

The program will help firms prepare for new and existing regulations. This panel will feature a combination of fund experts, legal professionals and compliance and regulatory executives

August 19, 2021

According to a Johnson Associates report, after the second quarter the traditional asset management sector can expect to see “meaningful year-end increases in incentive compensation across financial services.”

August 18, 2021

More than 430 companies participated in the survey, which was conducted to learn more about current practices and the outlook for climate change and ESG reporting from the public company perspective.

August 17, 2021

SEC Chairman said the Nasdaq rules reflect calls from investors for greater transparency about the people who lead public companies and noted that a broad cross-section of commenters supported the proposed board diversity disclosure rule.

August 16, 2021

The panel will discuss the recent DOL guidance on the rules for investment advice.

August 12, 2021

The report analyzes the current state of the U.S. Treasury Market following a series of economic shocks that reduced its ability to efficiently function.

August 11, 2021

All respondents have agreed to settle the charges and will collectively pay more than $10 million in monetary relief.

August 10, 2021

The House Financial Services Committee passed multiple bills aimed at protecting investors and reducing conflicts of interest born out of payment for order flow, and strengthening protections for the LIBOR transition.

August 9, 2021

Gensler remarked that the crypto asset class “is rife with fraud, scams, and abuse in certain applications” and that investors often are unable to obtain “rigorous, balanced, and complete information.”

August 5, 2021

Governance specialists have advised that the interview process should be conversational and relaxed yet still focused and productive, in terms of getting to know the candidate’s background, professional skills, character, ability to build consensus, and willingness to commit to the fiduciary and regulatory responsibilities of the fund director role.

August 5, 2021

Wrap fee programs can offer clients certainty concerning advisory and execution costs since the wrap fee is generally based on a percentage of the value of the client’s account rather than upon the transactions in the client’s account. But these programs may also create conflicts of interest for advisers and risks to investors, the staff wrote,

August 3, 2021

The ebook titled “Building and Sustaining Great Boards,” includes chapters on maximizing board functioning; the partnership between a board and senior management; board evaluations; the importance of director feedback; psychology in the boardroom; and board renewal.

August 2, 2021

Morningstar also reported that passively managed strategies pulled in $161 billion through the first half of 2021 while actively managed U.S. equity funds shed more than $88 billion.

July 29, 2021

Daniel Kahl, the Division's Deputy Director, will be named Acting Director upon Driscoll's departure.

July 27, 2021

An article from lawyers at McGuire Woods noted that, while the FINRA notice mainly reminds firms of existing rules and guidance, there are new concepts in the notice that warrant attention, including FINRA’s focus on price.

July 26, 2021

The GAO report cited a recent survey of insurance brokers which found that more than half of respondents’ clients saw prices go up 10–30 percent in late 2020.

July 22, 2021

According to the report, “advancement is still very incremental, with goals of achieving proportional representation to the presence of women and minorities in the US population sometimes multiple decades away at current rates of change.”

July 21, 2021

Without admitting or denying the SEC’s findings, First American agreed to a cease-and-desist order and to pay a $487,616 penalty.

July 20, 2021

The Morningstar U.S. Sustainability Index returned 8.76% during the second quarter, edging out both the U.S. Market Index, which returned 8.72%, and the U.S. Large-Mid Cap Index, which returned 8.45%.

July 19, 2021

The bill would amend regulations that limit closed-end funds’ investments in private funds to 15% of their net assets unless the fund sells shares to accredited investors with minimum initial investments of at least $25,000 and would restrict activist investors and their affiliates to acquiring no more than 10% of a closed-end fund.