MFDF News Feed

December 23, 2021

The agency filed 697 total enforcement actions in fiscal year 2021, including the 434 new actions, 120 actions against issuers who were delinquent in making required filings with the SEC, and 143 “follow-on” administrative proceedings seeking bars against individuals based on criminal convictions, civil injunctions, or other orders.

December 22, 2021

Lawyers from Stradley wrote that the risk alert should be considered in light of the broader examination by the SEC of digital engagement practices prompted by the “meme stock” frenzy last spring.

December 21, 2021

Birdthistle joined the faculty at Chicago-Kent College of Law in 2006 and also has served as a visiting professor of law at the University of Chicago Law School. He has served as counsel of record on multiple amicus briefs to the U.S. Supreme Court. Prior to academia, he practiced law at Ropes & Gray in Boston for five years.

December 21, 2021

Chair Gensler in a statement thanked Roisman for his service, saying: “I’d like to thank Commissioner Roisman for his dedicated service to the Commission and to the American public, both as a Commissioner and as Acting Chairman. While we didn’t always agree on policy matters, I’ve come to rely on his judgment and expertise, and I have enjoyed a positive working relationship with him.”

December 20, 2021

In the latest issue of its ETF Roundup, Morgan Lewis provides a guide to recent legal and regulatory developments affecting the ETF industry. The publication includes commentary on conversions of mutual funds to ETFs, crypto assets in ETFs, recent tax regulations that affect ETFs, among other topics.

December 16, 2021

The study found that a self-designated ESG label helps mutual funds attract more flows than their non-ESG peers with otherwise similar characteristics, even if labeling the fund as ESG is in conflict with Morningstar’s objective Globe ratings.

December 14, 2021

Stacy Louizos with Blank and Rome’s Investment Management Group will discuss how boards can approach their governance practices, policies and documents - including bylaws and charters - in an evolving landscape of new regulation and SEC positions, diversity mandates and other ESG considerations, industry consolidation and COVID-19 considerations.

December 13, 2021

Mr. Zhu previously served as an academic expert for the Commodity Futures Trading Commission and the Bank for International Settlements and as a member of the Federal Reserve Bank of Chicago’s Working Group on Financial Markets.

December 9, 2021

his webcast will provide audit committees and management with insights on top-of-mind issues, including: the macroeconomic landscape, financial reporting and SEC developments, tax developments and policy impacts, and risk management issues.

December 8, 2021

The voting guidelines target several areas that are also of interest to mutual fund boards.

December 7, 2021

Join Paul Kraft, Tom Wines, and Katie Yorra as they discuss the latest findings from Deloitte's 19th edition Annual Fair Valuation Survey. The webinar will broadcast live from 2 pm - 3 pm (ET).

December 6, 2021

ETF Think Tank is hosted by K&L Gates’ Asset Management and Investment Funds group and features panelists representing a broad array of industry leaders across all segments of the ETF industry.

December 2, 2021

While these proposed changes and other technical amendments to Form N-PX would not impose new reporting requirements, they may impose expenses on fund complexes as they conform their reporting systems to the new requirements.

December 1, 2021

November 30, 2021

EY found that since 2018, more boards are expanding their evaluation process to include individual director evaluations. A majority (53%) of 2021 Fortune 100 proxy filers disclosed that they performed individual director evaluations along with board and committee evaluations, up from 24% in 2018.

November 29, 2021

The SEC also adopted final rules requiring parties in a contested election to use universal proxy cards that include all director nominees presented for election at a shareholder meeting.

November 24, 2021

Erica Y. Williams (Chairperson) spent more than a decade in various roles at the SEC, including as Deputy Chief of Staff to three former SEC Chairs and Assistant Chief Litigation Counsel in the SEC’s Division of Enforcement trial unit.

November 23, 2021

In 2021, and for the first time, the majority of S&P 500 companies (59 percent) disclosed the ethnic makeup of their boards, according to the report.

November 22, 2021

Under the proposal, lenders of securities would be required to provide the material terms of securities lending transactions to a registered national securities association, which would then make the material terms of the securities lending transaction available to the public.

November 18, 2021

The report identified areas where agency study, refined policy positions, guidance, and/or regulatory action(s) by the SEC or its staff may further advance fair competition and growth of small and diverse businesses in the asset management industry, while also supporting core investor protections.