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The SEC targets the advertising of "target date funds” with new proposed rules
  • Kilpatrick Townsend & Stockton LLP
  • USA
  • July 13 2010

On June 16, 2010, the Securities and Exchange Commission (SEC) published for comment proposed amendments to the investment company advertising rules focused primarily on "target date funds" - mutual funds managed to provide a mix of equity and fixed income exposures that changes over time based on an investor's age, target retirement date or life expectancy (the Proposed Rules).

Supreme Court agrees to hear mutual fund case
  • Kilpatrick Townsend & Stockton LLP
  • USA
  • March 20 2009

On March 9, 2009, the United States Supreme Court announced that it would hear the case of Jones v. Harris Associates, which will be the first case focused on a mutual fund industry issue to come before the Court in a number of years.