Mutual Funds

Based on the facts and representations set forth in your letter, we would not recommend that the Commission take any enforcement action under Section 5(b) ...

The December 14th Federal Register includes new Investment Company Act rule 30b1–9(T) (temporary rule regarding monthly report) that officially delays until April 2019 the start date ...

The documents also contained material misstatements concerning the inflated, hypothetical, and backtested performance track record of the Fund’s sub-adviser, F-Squared Investments, Inc. (“F-Squared”). IIA did ...

we would not recommend that the Commission take any enforcement action under Section 5(b) or Section 6(a) of the Securities Act against the Fund if ...

Evidence supports delaying the SEC’s liquidity risk management program rule and its related reporting requirements at least one year would be appropriate.  That’s the take ...

In making those recommendations of more expensive share classes while omitting material facts, UBS violated Sections 17(a)(2) and 17(a)(3) of the Securities Act. These provisions ...

The modernization and simplification of required disclosures for investment advisers, investment companies and public companies was the order of business during the first open meeting ...

SunTrust Investment Services knew it was just a matter of time before an SEC enforcement penalty would be handed down. In mid-2015, during a compliance ...

STIS did not adequately inform its advisory clients of the conflicts of interest presented by its IARs’ share class selections and the receipt by STIS ...

A year after OCIE released a risk alert warning it would look at share class allocations, another adviser faces a multi-million dollar penalty for failing ...