Exchange-Traded (ETFs)

Two SEC commissioners have expressed their concerns about non-transparent ETFs

The Securities and Exchange Commission (the “Commission”) is adopting a new rule under the Investment Company Act of 1940 (the “Investment Company Act” or the ...

New Investment Company Act rule 6c-11 erases decades of exemptive letters

Now that the SEC has completed its ground-breaking fiduciary duty rulemaking, the Commission can now turn its sights on other rulemaking initiatives currently in the ...

One issue that I would like to see the Division of Investment Management add to its agenda is the marketplace’s interest in gaining exposure to ...

How do you get socked with a $100,000 fine for violations involving less than 1% of your revenue?    The answer shows the continuing importance ...

After achieving 100% of its planned milestone’s last year, the SEC’s Division of Investment Management is actively moving on a number of priorities comprising its ...

There may be 12 days of Christmas but you can count six regulations – four final rules and two proposals – newly gifted from SEC ...

Division staff remain available to advise and assist, just as we always have. We will continue to issue FAQs, no-action letters and other guidance, as ...

The SEC believes ETFs have matured to where they deserve their own rules rather than a patchwork of hundreds of instances of staff-issued guidance released ...