MFDF News Feed

December 28, 2020

The DOL rule includes a broad definition of “fiduciary” and allows brokers and advisers an exemption from a prohibition against earning certain commissions provided they pledge to act in clients’ best interests.

December 23, 2020

Brett Redfearn, Director of the SEC’s Division of Trading and Markets, and Division of Enforcement Director Stephanie Avakian will step down by the end of this year, the SEC announced.

December 23, 2020

Under Blass's leadership, the Division finalized more than 70 regulatory initiatives affecting investment companies and investment advisers.

December 22, 2020

The author writes that boards need a mechanism to respectfully help a director voluntarily make an exit without disrupting board operations and suggests strategies.

December 21, 2020

Under the proposal, most Nasdaq-listed companies would be required to have, or explain why they do not have, at least two directors with diverse backgrounds, including one who self-identifies as female and one who self-identifies as either an underrepresented minority or LGBTQ.

December 17, 2020

According to the SEC’s order, ICE Data PRD delivered to its clients prices based on single broker quotes while failing to adopt and implement policies and procedures reasonably designed to address the risk that these prices would not reasonably reflect the value of the securities.

December 16, 2020

This presentation provides a framework for directors to understand how to oversee these funds and discuss the concepts of artificial intelligence and quantitative investing, and will focus on key areas that directors should understand.

December 15, 2020

The executive order provides that as of January 11, 2021, U.S. persons generally are prohibited from transacting in “publicly traded securities” (or related derivatives) of any “Communist Chinese military company.

December 14, 2020

AMAC’s ESG Subcommittee offered potential recommendations for discussion and to solicit feedback, with the goal of arriving at final recommendations for the SEC at the next AMAC meeting.

December 10, 2020

The ICE Benchmark Administration is still proposing to end publication of the one-week and two-month U.S. dollar LIBOR on Dec. 31, 2021.

December 9, 2020

ACA Compliance Group’s Erik Olsen will discuss board oversight of funds’ liquidity risk management programs, and the results of ACA’s 2020 liquidity risk management program rule survey.

December 8, 2020

During this webinar, Paul Kraft, a Deloitte partner and US Mutual Fund & Investment Advisers Practice Leader, Tom Wines and Katie Yorra, both Deloitte senior managers, will discuss insights, trends and observations from the Deloitte Annual Fair Valuation Survey.

December 7, 2020

Driscoll encouraged firms to support their CCOs, explaining that an effective CCO should have confidence that they can stand up for compliance and be supported.

December 4, 2020

The rule permits a board to assign the determinations to a “valuation designee,” subject to additional conditions and oversight requirements. The valuation designee may be the fund’s investment adviser or, if the fund is internally managed, an officer of the fund.

December 3, 2020

OCIE reported that the vast majority of the examined advisers were cited for at least one deficiency related to the Compliance Rule.

December 2, 2020

The webinar will focus on the latest regulatory and industry developments in cryptocurrency and blockchain.

December 1, 2020

ISS released its new benchmark policies, effective for shareholder meetings on or after February 1, 2021.

November 25, 2020

These actions are the first arising from investigations generated by the Division of Enforcement's Exchange-Traded Products Initiative, which utilized trading data analytics to uncover potential unsuitable sales.

November 24, 2020

According to the report, 48 percent of survey participants experienced delays in calculating their daily NAVs due to the impact of the COVID-19 pandemic.

November 23, 2020

According to media reports, former Commissioners Kara Stein and Robert Jackson are among names considered for the chairman slot.