MFDF News Feed

September 8, 2021

Molly Moynihan and Gwen Williamson from Perkins Coie will discuss the challenges boards face while overseeing a complex that offers both ETFs and mutual funds.

September 7, 2021

Among the findings: The number of firms that had one or more audit and/or attestation engagements with deficiencies showed a 14% drop from 2019 but remained high as a percentage of firms inspected (78%).

August 31, 2021

The SEC found that the firm's disclosure controls and procedures were not designed to ensure that those responsible for making disclosure determinations were properly informed about the circumstances surrounding the breach.

August 30, 2021

In its decision, the court of appeals supported a previous ruling that the board’s process for negotiating and reviewing investment-adviser compensation was sufficiently robust.

August 26, 2021

The proposed guidance would offer a framework for banking organizations to consider in developing risk management practices for all stages in the life cycle of third-party relationships that considers the level of risk, complexity, and size of the banking organization and the nature of the third-party relationship.

August 25, 2021

According to the request filed with the SEC, fund independent directors could have obtained permission to own an unaffiliated subadviser’s stock based on specified conditions.

August 24, 2021

Gensler seeks to address concerns that the 2020 amendments could discourage whistleblowers from coming forward.

August 23, 2021

The program will help firms prepare for new and existing regulations. This panel will feature a combination of fund experts, legal professionals and compliance and regulatory executives

August 19, 2021

According to a Johnson Associates report, after the second quarter the traditional asset management sector can expect to see “meaningful year-end increases in incentive compensation across financial services.”

August 18, 2021

More than 430 companies participated in the survey, which was conducted to learn more about current practices and the outlook for climate change and ESG reporting from the public company perspective.

August 17, 2021

SEC Chairman said the Nasdaq rules reflect calls from investors for greater transparency about the people who lead public companies and noted that a broad cross-section of commenters supported the proposed board diversity disclosure rule.

August 16, 2021

The panel will discuss the recent DOL guidance on the rules for investment advice.

August 12, 2021

The report analyzes the current state of the U.S. Treasury Market following a series of economic shocks that reduced its ability to efficiently function.

August 11, 2021

All respondents have agreed to settle the charges and will collectively pay more than $10 million in monetary relief.

August 10, 2021

The House Financial Services Committee passed multiple bills aimed at protecting investors and reducing conflicts of interest born out of payment for order flow, and strengthening protections for the LIBOR transition.

August 9, 2021

Gensler remarked that the crypto asset class “is rife with fraud, scams, and abuse in certain applications” and that investors often are unable to obtain “rigorous, balanced, and complete information.”

August 5, 2021

Governance specialists have advised that the interview process should be conversational and relaxed yet still focused and productive, in terms of getting to know the candidate’s background, professional skills, character, ability to build consensus, and willingness to commit to the fiduciary and regulatory responsibilities of the fund director role.

August 5, 2021

Wrap fee programs can offer clients certainty concerning advisory and execution costs since the wrap fee is generally based on a percentage of the value of the client’s account rather than upon the transactions in the client’s account. But these programs may also create conflicts of interest for advisers and risks to investors, the staff wrote,

August 3, 2021

The ebook titled “Building and Sustaining Great Boards,” includes chapters on maximizing board functioning; the partnership between a board and senior management; board evaluations; the importance of director feedback; psychology in the boardroom; and board renewal.

August 2, 2021

Morningstar also reported that passively managed strategies pulled in $161 billion through the first half of 2021 while actively managed U.S. equity funds shed more than $88 billion.