News

July 22, 2020

Chairman Jay Clayton encouraged a robust discussion on diversity and inclusion.

July 20, 2020

Seward and Kissel partners Jeff Berman, Jon Brose and Robert Kurucza and counsel Chris Carlson will present a webinar that provides essential background on TALF 2020 for fund directors

July 17, 2020

This webinar will focus on the risks and opportunities surrounding returning to the workplace

July 16, 2020

Firms are using a number of strategies to address the problem, including expanding recruiting efforts at more diverse state schools.

July 15, 2020

The SEC said a more efficient application process will allow applicants to more quickly realize the benefits of relief and allow fund shareholders to share in these benefits.

July 13, 2020

The SEC found that an adviser did not disclose violations of its trade error policies and conflicts of interest to the funds’ board.

July 13, 2020

SEC Commissioner Elad Roisman acknowledged increasing pressure from advocacy groups, politicians and investor groups for mandated ESG disclosure, but he expressed several reservations.

July 9, 2020

The academics argue that strong business ties create incentives for asset managers to support the financial stability of their brokers’ financial conglomerates.

July 8, 2020

Citing data from FactSet and Ultimus, the FT reported noted there have been 42 new active ETFs listed as of June 4 compared with just 35 index funds.

July 7, 2020

OCIE will review whether and how firms have evaluated the potential impact of the LIBOR transition on business activities; operations; services; and customers, clients, and investors.

July 6, 2020

EY partners will provide insights into managing ESG risks and capturing related opportunities.

July 2, 2020

Lawyers from Stradley Ronon provide an update on the status of key relief granted by regulators during the covid-19 pandemic.

July 1, 2020

Many boards have continued to hire and recruit even during the pandemic, finding creative ways to interview and get to know new and potential board members.

June 30, 2020

The Court held 8-1, with Justice Thomas dissenting, that a disgorgement award not in excess of a wrongdoer’s net profits and awarded for the benefit of victims is permissible under federal law.

June 29, 2020

Mike Pappacena, Nicole Morton, and Erik Olsen of ACA Compliance Group will discuss the “then” and the potential “now” and how firms’ compliance monitoring, information security, and continuity planning may look as firms move toward returning employees to the office. The webinar will broadcast live from 2 pm - 3 pm (ET).

June 25, 2020

Board diversity is under increased scrutiny and is an area of focus for many boards. Consultant studies have shown that when boards rely exclusively on their personal networks to identify candidates, the result is less likely to be diverse.

June 24, 2020

Wilson Sonsini lawyers discuss several issues advisers should consider in designing AI-based programs to ensure they are acting in the best interests of their clients.

June 23, 2020

The Division of Investment Management in a statement withdrew a 2010 staff letter that discouraged closed-end funds from opting into state statutes that may have deterred shareholder takeover attempts.

June 22, 2020

Some firms have created steering committees and sophisticated scenario-based plans, others are only starting to review basic decisions about how many spaces to open and how to open them, consultants say.

June 22, 2020

The SEC said it is not extending other pandemic-related temporary relief under the 1940 Act and Advisers Act at this time.