"These proposals, if adopted, would dramatically alter how investors buy and sell fund shares. The proposals potentially reduce investor choice, and come with significant compliance ...
"Small entities will have to endure compliance costs that are not insignificant, as will smaller funds. These costs will be in addition all of the ...
"When lawyers—or other gatekeepers, like auditors and underwriters—breach their positions of trust and violate the securities laws, we will not hesitate to take action"
"But investors are increasingly seeking and using climate-related information. Public and private funds, asset managers, index providers, among others, have demanded information on risks related ...
"Today’s proposed rules take a principles-based approach to defining covered functions as a service that is necessary to provide advisory services and would materially harm ...
"The rule thus may end up abrogating fiduciary duty and replacing it with our predefined approach to best interest—one not responsive to unique facts and ...
"When an adviser outsources a core function, that adviser does not check its fiduciary duties at the door"
"The data-gathering component of the proposal would improve our ability to identify concentration of service providers in specific regions for certain functions, domestically and abroad"
"I have other concerns, including the overlap between our amended investment company advertising rules and FINRA’s communications rules, but I think you get the point ...
"Shareholder reports will include a simplified expense presentation – a table showing the expenses associated with a hypothetical $10,000 investment in the fund during the ...