Tag: Mutual Funds
In a 3-2 vote, the SEC has adopted amendments to the rule regarding the process for including shareholder proposals in issuers’ proxy statements, making it more difficult for shareholders to have their proposals put to a vote.
October 02, 2020
Tags: 12b-1 Fees, Best Execution, Conflicts of Interest, Money Market Fund, Mutual Funds, Revenue Sharing, SEC Enforcement, Share Class Disclosure
The President’s Working Group on Financial Markets (PWG) has issued a “Report on Protecting United States Investors from Significant Risks from Chinese Companies,” in response to a June memorandum from President Trump.
August 13, 2020
Tags: ETFs, Index Funds, Mutual Funds
SEC Proposes Updates to Fund Disclosure Framework
As part of its investor experience initiative, the SEC has proposed an updated disclosure framework for mutual funds and ETFs.
August 11, 2020
Tags: Disclosure, ETFs, Mutual Funds
The SEC has fined a Texas-based investment adviser regarding failures to disclose certain practices by the adviser in connection with teacher retirement plans and certain benefits received in connection with mutual fund share class selection practices.
August 11, 2020
Tags: 12b-1 Fees, Best Execution, Conflicts of Interest, Jay Clayton, Mutual Funds, Retirement Plans, Revenue Sharing, SEC Enforcement, Share Class Disclosure, Wrap Fees
The SEC has charged two affiliated investment advisers in connection with material misrepresentations to boards of their mutual fund and ETF clients.
August 10, 2020
Tags: Disclosure, ETFs, Mutual Funds, SEC Enforcement, Trading
SEC Proposes Rule for Good Faith Fair Value Determination, Readily Available Market Quotations
The SEC voted to propose new Rule 2a-5 under the Investment Company Act that would govern valuation practices and the role of the board of directors in the determination of the fair value of the investments of a registered investment company or business development company.
May 06, 2020
Tags: Fair Value, Investment Company Act, Mutual Funds, Valuation
SEC Requests Comment on Fund Names Rule
The SEC has published a request for comment regarding Rule 35d-1 under the Investment Company Act (the Names Rule).
March 11, 2020
Tags: Mutual Funds, Names Rule
In response to the coronavirus, the SEC’s Division of Investment Management extended no-action relief that it provided in February 2019 from certain in-person voting requirements for fund directors.
March 04, 2020
Instead, board members could approve these agreements “by any means of communication that allows them to hear each other simultaneously during the meeting.”
February 07, 2020
SEC Reproposes Rules for Use of Derivatives by RICs, Business Development Companies
On November 25, the SEC voted without an open meeting to propose a new rule governing the use of derivatives and other transactions in mutual funds.
December 01, 2019
Tags: Derivatives, Mutual Funds
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