Mutual Funds

Many of the issues discussed in this guidance were brought into focus by a recent sweep examination of a number of mutual fund complexes, investment ...

In a case that has rattled Wall Street’s nerves, the SEC Dec. 16th gave Third Avenue Management ($9.9B in AUM) in New York permission to ...

Getting a handle on the stream of share classes offered by mutual funds and their attendant fees can seem formidable. Yet recent share class allocation ...

In a 3-1 vote Dec. 11th, SEC commissioners approved a proposal that would create new Investment Company Act rule 18f-4 that would give mutual funds, ...

The Securities and Exchange Commission is proposing rule 18f-4, a new exemptive rule under the Investment Company Act of 1940 designed to address the investor ...

We begin with derivatives. A critically important part of the Commission’s agenda is identifying and addressing, as appropriate, the risks in today’s asset management industry, ...

This proposal answers a pressing question that the Commission has been grappling with for many years – how should our rules be modernized to address ...

The release also notes that funds’ use of complex over-the-counter derivatives in particular entail risks. However, other regulatory action is already seeking to address some ...

The increased use of derivatives by registered funds is a particular risk for retail investors. As a former Director of the Division of Investment Management ...

All across the capital markets, technology and innovation are challenging the old ways of transacting business and old ways of thinking about regulation. There ...