IAA Today Archive

Adviser Charged in Connection with Leveraged ETFs

The SEC has charged an adviser and part-owner with breach of duty of care in connection with use of leveraged ETFs.

May 19, 2023

Keywords: ETFs, Fiduciary, SEC Enforcement

Categories & Topics: Compliance, Enforcement, Fiduciary

SEC Considers Potential Rulemaking on Complex Exchange-Traded Products

SEC staff is reviewing the potential risks of complex exchange-traded products and will present rulemaking proposals to address those risks.

October 06, 2021

Keywords: Allison Herren Lee, Caroline Crenshaw, ETFs, Gary Gensler

Categories & Topics: Compliance, Fiduciary

Adviser Pays $300K to Settle Proprietary ETF Disclosure Charges

The SEC has fined a San Francisco-based digital adviser for failing to adequately disclose the adviser’s conflicts of interest relating to investing client assets into new ETFs sponsored by the...

August 24, 2021

Keywords: Conflicts of Interest, ETFs

Categories & Topics: Compliance, Conflicts

SEC Investor Advocate Offers Harsh Critique of Regulator in Report to Congress

SEC Investor Advocate Rick Fleming has submitted a scathing Report on Activities for fiscal year 2020, charging that the agency rulemakings aimed at modernizing regulations often hurt investors, while the...

January 13, 2021

Keywords: Accredited Investor, Allison Herren Lee, Caroline Crenshaw, Derivatives, ESG, ETFs, Form CRS, Private Offerings, Proxy Advisory Firms, Proxy Voting, Rick Flemming, SEC Investor Advocate

Categories & Topics: Business Ops/HR, Compliance, Form ADV & CRS, Private Funds, Proxy Voting, Reporting, Senior Client Matters

OFAC, SEC Issue Guidance Related to Executive Order on Investments in Chinese Military Companies

OFAC has issued several frequently asked questions (FAQs) related to an executive order, discussed in an earlier IAA Today report, that prohibits U.S. investors from investing in publicly traded securities of, securities that are derivative...

January 12, 2021

Keywords:  OCIE, ETFs, Mutual Funds, SEC Examinations, Treasury Department

Categories & Topics: AML/OFAC, Compliance

OFAC Issues FAQs, List Related to Exec Order on Chinese Military Companies

OFAC has issued several frequently asked questions (FAQs) related to an executive order, discussed in an earlier IAA Today report, that prohibits U.S. investors from investing in publicly traded securities...

January 05, 2021

Keywords: ETFs, Mutual Funds, Securities, Trading, Treasury Department

Categories & Topics: AML/OFAC, Compliance

FSOC Expresses Concerns with Fund Leverage and Redemptions

Not surprisingly, the 2020 annual report of the Financial Stability Oversight Council (FSOC) looks at the risk to the U.S. financial system through the lens of the unprecedented economic turmoil...

December 09, 2020

Keywords: Coronavirus, COVID-19, Derivatives, ETFs, FSOC, Hedge Funds, Mutual Funds

Categories & Topics: Business Ops/HR, Industry Trends, Industry-Level, Private Funds, Registered Funds

SEC Investment Management Director Blass Discusses Regulating for the Future

Using money market funds and exchange-traded funds (ETFs) as case studies, the SEC’s Division of Investment Management Director Dalia Blass discussed in a recent speech the Division’s philosophy of forward-looking...

October 05, 2020

Keywords: Coronavirus, COVID-19, Dalia Blass, E-Delivery, Electronic Delivery, ETFs, Valuation

Categories & Topics: Compliance, Electronic Delivery, Valuation