MFDF News Feed

July 6, 2021

The guidance provides boards with tools and strategies to derive more value from the assessment process with the goal of improving boards’ effectiveness in carrying out their fiduciary and oversight responsibilities.

June 30, 2021

The meeting will include a discussion of matters in the asset management industry relating to: (1) the ESG, Diversity & Inclusion, and Private Investments Subcommittees, including potential recommendations from those Subcommittees; and (2) the Evolution of Advice Subcommittee, including a panel discussion.

June 29, 2021

ACA Compliance advises that firms considering SPAC sponsorship should understand how the SPAC will be situated and how the SPAC will affect existing advisory clients of the firm.

June 28, 2021

Global respondents ranked cyber attacks as the top liability concern in the eighth annual Directors & Officers Liability Insurance Survey.

June 24, 2021

The SEC has delayed giving Van Eck approval for its proposed Bitcoin ETF trust and has asked the public to comment on the adviser’s proposal while Invesco plans crypto ETF products.

June 23, 2021

Chairman Gensler also restated his desire for money market reforms and a workable LIBOR replacement in statements at an FSOC meeting.

June 22, 2021

The Biden executive order largely retains the structure of the investment-based sanctions introduced in late 2020 in the previous administration and the latest prohibitions will take effect on August 2, 2021.

June 21, 2021

Roisman cited the need for clarity in definitions, specifically: what precise items of “E,” “S,” and “G” information are investors not getting that are material to making informed investment decisions.

June 17, 2021

Chairman Gensler wants the staff to consider whether to recommend further regulatory action regarding whether to “recommend that the Commission revisit its 2020 codification of the definition of solicitation as encompassing proxy voting advice."

June 15, 2021

Diligent sits down with James Killerlane, Corporate Secretary of BNY Mellon, to discuss the innovation and creative new ways BNY has transformed their governance practices throughout a year of remote work.

June 14, 2021

Among several recommendations, the city bar urges regulators to first consider whether charging the CCO would help fulfill the SEC's regulatory goals.

June 10, 2021

Boards may use recruiters, candidate databases, as well as personal networks of their members to find potential candidates.

June 9, 2021

The Fearless Leadership Symposium is the first and only national conference focusing solely on Diversity, Equity and Inclusion (DEI) issues specific to the global asset management and fund industry.

June 8, 2021

According to the SEC’s complaint, LJM adopted a short volatility trading strategy that carried risks that were remote but extreme.

June 7, 2021

“Boards should ask tough questions about whether their policies and procedures effectively address their company’s security risks and whether actual security practices effectively address the threats they face,” the FTC staff advised.

June 3, 2021

K&L Gates speakers will discuss what is on the horizon for cryptocurrency and how market participants can help make a positive impact on the expected legislative and regulatory scrutiny.

June 2, 2021

The Biden Administration has given investors an additional two weeks to trade securities in certain companies that the U.S. deemed linked to the Chinese military.

June 1, 2021

Among their findings, the authors report that ESG funds are largely delivering on their promise to invest differently from other funds.

May 27, 2021

The academics argue that “institutions in aggregate do not benefit from exposure to leveraged ETFs."

May 26, 2021

SEC staff issued a notice that certain COVID19-related liquidity relief applicable to mutual funds and insurance company separate accounts registered as unit investment trusts would be terminated or withdrawn effective April 30, 2021.