MFDF News Feed

May 16, 2022

Management Practice Inc. (MPI) is pleased to announce the 17th annual MPI Survey of Mutual Fund Chief Compliance Officer Compensation and Organizational Practices.

May 16, 2022

Since its creation in 2017, the unit has brought more than 80 enforcement actions related to fraudulent and unregistered crypto asset offerings and platforms, resulting in monetary relief totaling more than $2 billion, the SEC said.

May 12, 2022

The Senate is still expecting to vote on Jerome Powell’s nomination to serve another four-year term as Fed Chair.

May 11, 2022

The SEC staff found evidence of advisers that “did not have policies and procedures in place to assign the CCO’s reporting to another member of the adviser – effectively permitting the CCO to self-review his/her own holding and transaction reports."

May 10, 2022

Gensler stated “a greater share of bond ownership has shifted to registered investment companies, like mutual funds, money market funds, exchange-traded funds, and closed-end funds. This shift raises challenges for financial resiliency.”

May 9, 2022

On Thursday May 12, 2022, K&L Gates partner Michael W. McGrath will be speaking on a virtual panel for the Global Association of Risk Professionals (GARP) called “The Rise of the Derivatives Risk Manager.”

May 6, 2022

Cybersecurity and the Evolving Threat Landscape: The Role of the Independent Director is a joint effort between the MFDF and consulting and audit firm Deloitte.

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.