Articles: 11-20 of 57
SEC Issues Statement on Summary Prospectus Risk Disclosures for Mutual Funds
USA - September 18 2019 The staff of the SEC Division of Investment Management (the “Staff”) recently issued an Accounting and Disclosure Information statement summarizing…
States Sue SEC in Ongoing Fight over Reg BI
USA - September 11 2019 The political melee surrounding Regulation Best Interest (“Reg BI”) escalated yesterday with the filing of a lawsuit against the SEC by several state…
ICI Joins in Fight Between the SEC and National Exchanges
USA - August 8 2019 Last December, the SEC unanimously approved a two-year pilot program (the “Transaction Fee Pilot”) intended to assess alternatives to the predominant…
July 31, 2019 SEC Issues Interpretation of the Standard of Conduct for Investment Advisers
USA - July 31 2019 On the day that the SEC issued Regulation Best Interest (“Reg BI”), the long-awaited rule proscribing the standard of care that broker-dealers owe…
Morningstar Announces Changes to Key Mutual Funds Rating Systems
USA - July 11 2019 On July 8th, Morningstar announced changes to two forward-looking ratings systems that it uses to rate managed investments (e.g., mutual funds).[i]…
Regulators Focus on Vulnerable Seniors; Advisers and Brokers On Notice
USA - May 3 2019 On Tuesday, the U.S. House of Representatives passed the “National Senior Investor Initiative Act of 2019” (H.R. 1876) (the “Act”), which directs the…
SEC Releases Cryptocurrency and Digital Asset Guidance
USA - April 3 2019 Today, the SEC published guidance with respect to cryptocurrencies, digital tokens, and similar investments (each a “digital asset”) that is designed…
SEC Scrutiny of Share Class Selection Practices Intensifies
USA - November 20 2018 Last February, the Division of Enforcement of the SEC (the "Division") launched the Share Class Selection Disclosure Initiative (the "Initiative")…
SEC Announces Enforcement Results, Sets Priorities for Fiscal Year
USA - November 16 2018 On November 2, 2018, the SEC announced the results of its enforcement actions for fiscal year 2018 and stated its enforcement priorities for fiscal…
11 Key Features of the Opportunity Zone Program That You Might Have Overlooked
USA - November 12 2018 Last month, the Treasury Department released proposed regulations (the "Regulations"). The Regulations included a number of important clarifications…
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