Exchange-Traded (ETFs)

Reps made buy recommendations for inverse ETFs without regard for suitability

The proposal would move “fund disclosures to the 21st century” by urging funds to use interactive and “user-friendly design features” to help investors “customize” information ...

I am concerned about the proposal’s treatment of acquired fund fees and expenses (“AFFE”). Specifically, the proposal would allow funds to exclude AFFE from their ...

The verbal explosion that has occurred in our releases over the last twenty years means that only securities attorneys and compliance professionals, who are paid ...

Fund shareholders may be paying these fees regardless of the funds in which they invest. Perhaps these shareholders would not mind paying this extra cost ...

Today’s proposal would establish a new disclosure framework for mutual funds and ETFs that modernizes the shareholder reports provided to existing investors and the prospectuses ...

Issue tied to breaches of limitations on an IC's ownership interests in another

he new procedures will be effective nine months from their publication

FAV’s compliance department discovered the breaches of the limits in Section 12(d)(1)(A)

This is the so-called ETF rule passed by the SEC in 2019 that codified years of exemptive relief