News

July 15, 2021

The return to the in-person environment will no doubt bring logistical challenges and raise important oversight questions for the coming year.

July 13, 2021

P&I cites data from FactSet Research Systems Inc., which observes that through June 21, U.S.-listed ETFs had already captured $434 billion in net inflows.

July 12, 2021

The Subcommittee on Diversity and Inclusion presented its report and recommendations, one of which called for registered fund firms to make disclosures regarding fund board and fund adviser diversity.

July 8, 2021

The CAQ also shared their view that assurance of climate-related and other company-prepared ESG information performed by a public company auditor can enhance the reliability of this information and offer increased investor protection.

July 7, 2021

As New Jersey’s Attorney General, Grewal heads the Department of Law & Public Safety, which employs more than 3,700 uniformed officers, 750 lawyers, and thousands of additional public servants, including investigators, regulators, and administrative staff.

July 6, 2021

The guidance provides boards with tools and strategies to derive more value from the assessment process with the goal of improving boards’ effectiveness in carrying out their fiduciary and oversight responsibilities.

June 30, 2021

The meeting will include a discussion of matters in the asset management industry relating to: (1) the ESG, Diversity & Inclusion, and Private Investments Subcommittees, including potential recommendations from those Subcommittees; and (2) the Evolution of Advice Subcommittee, including a panel discussion.

June 29, 2021

ACA Compliance advises that firms considering SPAC sponsorship should understand how the SPAC will be situated and how the SPAC will affect existing advisory clients of the firm.

June 28, 2021

Global respondents ranked cyber attacks as the top liability concern in the eighth annual Directors & Officers Liability Insurance Survey.

June 24, 2021

The SEC has delayed giving Van Eck approval for its proposed Bitcoin ETF trust and has asked the public to comment on the adviser’s proposal while Invesco plans crypto ETF products.

June 23, 2021

Chairman Gensler also restated his desire for money market reforms and a workable LIBOR replacement in statements at an FSOC meeting.

June 22, 2021

The Biden executive order largely retains the structure of the investment-based sanctions introduced in late 2020 in the previous administration and the latest prohibitions will take effect on August 2, 2021.

June 21, 2021

Roisman cited the need for clarity in definitions, specifically: what precise items of “E,” “S,” and “G” information are investors not getting that are material to making informed investment decisions.

June 17, 2021

Chairman Gensler wants the staff to consider whether to recommend further regulatory action regarding whether to “recommend that the Commission revisit its 2020 codification of the definition of solicitation as encompassing proxy voting advice."

June 15, 2021

Diligent sits down with James Killerlane, Corporate Secretary of BNY Mellon, to discuss the innovation and creative new ways BNY has transformed their governance practices throughout a year of remote work.

June 14, 2021

Among several recommendations, the city bar urges regulators to first consider whether charging the CCO would help fulfill the SEC's regulatory goals.

June 10, 2021

Boards may use recruiters, candidate databases, as well as personal networks of their members to find potential candidates.

June 9, 2021

The Fearless Leadership Symposium is the first and only national conference focusing solely on Diversity, Equity and Inclusion (DEI) issues specific to the global asset management and fund industry.

June 8, 2021

According to the SEC’s complaint, LJM adopted a short volatility trading strategy that carried risks that were remote but extreme.

June 7, 2021

“Boards should ask tough questions about whether their policies and procedures effectively address their company’s security risks and whether actual security practices effectively address the threats they face,” the FTC staff advised.