News

March 24, 2021

The DOL decision follows an executive order from the White House directing federal agencies to review certain existing regulations adopted during the Trump Administration.

March 23, 2021

The speech hinted at future rules and guidance to reflect current industry trends regarding proxy voting and corporate governance.

March 22, 2021

The staff has found that certain securities that may have previously been viewed as having readily available market quotations and being available to cross trade under rule 17a-7 may not meet the definition pursuant to the Valuation Rule.

March 18, 2021

FINRA discussed common sales charge discounts and waivers that mutual funds, 529 plans, non-traded REITs and non-traded BDCs may offer customers and the possible deficiencies in the execution of these discounts and waivers

March 17, 2021

The Climate and ESG Task Force will develop initiatives to identify ESG-related misconduct and will coordinate the effective use of Division resources, including through the use of data analysis to mine and assess information across registrants, to identify potential violations, the SEC said.

March 16, 2021

SEC Acting Chair Allison Herren Lee proposed several actions the agency might take to address concerns raised by Senator Elizabeth Warren regarding the recent volatility in the market, particularly with regard to retail trading in shares of GameStop Corp. and how regulators may better protect investors.

March 15, 2021

The Division is enhancing its focus on climate and ESG-related risks by examining proxy voting policies and practices to ensure voting aligns with investors’ best interests and expectations, as well as firms’ business continuity plans in light of intensifying physical risks associated with climate change, said Acting SEC Chair Allison Herren Lee.

March 11, 2021

Paul Reisz, executive vice president and head of the multi-sector fixed income team at PIMCO, will highlight general economic views and the discuss the municipal market as part of the Forum's Investment Series webinars.

March 10, 2021

According to the management study, women represent 41.8 percent of the asset management industry’s workforce while minorities make up 30.5 percent.

March 9, 2021

Despite mutual funds' regulatory protections and advantages other products are offering investors some of these qualities and at lower prices.

March 8, 2021

Professor Scott Stewart from Cornell University's SC Johnson College of Business will discuss gender biases in the investment industry that hinders firms from expanding diversity in their investment teams.

March 4, 2021

The trends noted by Morningstar experts all pointed to the fact that investors are continuing to flock to the cheapest funds and advisers charging less and less to keep up with low-cost funds.

March 3, 2021

In a recent program, Cohen & Company presenters discussed how registered funds may invest in digital assets.

March 2, 2021

Stephanie Capistron, Adam Teufel and Kaitlin McGrath from Dechert LLP will provide an overview of board oversight responsibilities for ETFs with a particular focus on semi-transparent ETFs.

March 1, 2021

The IM Division appears ready to approve another request for a 1940 Act exemption that would permit a fund board to approve new sub-advisory agreements and material amendments to existing sub-advisory agreements without complying with the in-person meeting requirement of Section 15(c) of the 1940 Act.

February 25, 2021

The Weil Gotshal lawyers recommend that boards vary their evaluation format periodically to encourage “new perspectives and illuminate actionable areas for improvement.”

February 24, 2021

George Michael Gerstein and Sara Crovitz will provide updates on the state of current DOL and SEC regulation around ESG and proxy voting/engagement and what may be coming from the regulators under new leadership.

February 23, 2021

In a 2018 speech former Investment Management Division director Dalia Blass remarked on the changing market practices around indexes and whether it was worth revisiting the status of certain index providers under the securities laws.

February 22, 2021

The report notes that since 2019 the SEC has launched exam initial requests inquiring about firms’ processes and procedures for identifying, vetting, testing, implementing, and monitoring entities or individuals that provide investment research.

February 18, 2021

The decision will empower senior officers to exercise the delegated authority of the Commission to authorize staff to subpoena documents and take sworn testimony, according to a statement by the acting chair of the agency.