Mutual Funds

Risk alert details observations gleaned from exams of more than 50 fund complexes and nearly 100 investment advisers

Below are examples of deficiencies or weaknesses observed by the staff related to funds’ and their advisers’ compliance programs for portfolio management and other business ...

Under federal law, an investment adviser is a fiduciary.104 With respect to securities lending, advisers have a fiduciary duty to consider the tradeoffs between continuing ...

Should this latest proposal be finalized, institutional managers would, for the first time, face this same mandate but only for say-on-pay

CEO and chief portfolio manager charged for their roles in artificially NAV and performance results

The second part of this proposal is to bring greater consistency, transparency, and usability of Form N-PX. This would allow investors to more easily understand ...

At the risk of apostasy, I posit that proxy voting is not the most important activity in which a fund engages.  Although a fund’s voting ...

It is true that funds have come to own a huge percentage of U.S. corporate equities and can influence the outcome of a variety of ...

The proposal would introduce several important new features to enhance voting disclosure, including requirements for funds and managers to standardize the description of matters voted ...

Certain MMLIS and MSI advisory clients to invest in share classes of mutual funds in the Clearing Broker’s NTF and TF Programs that resulted in ...