Mutual Funds

The staff continues to see buyout offers relating to variable insurance contracts with generous guaranteed income benefits and death benefits that, over time, have proven ...

Reversing a fund’s investment strategy from investing in distressed debt to betting against it without adequately disclosing the change to the fund’s investors, prospective clients ...

The SEC Sept. 21 charged a New York-based investment adviser and its affiliated distributor with improperly using $25 million in mutual fund assets to pay ...

A new 415-page rule proposal gained unanimous support Sept. 22 from SEC commissioners. If finalized, the rulemaking would require advisers with open-end mutual funds and ...

A fund must manage the liquidity of its portfolio to ensure that redemption requests can be fulfilled in a timely manner while also minimizing the ...

Liquidity risk management is not an exact science. But, it is vitally important that open-end funds and their advisers get it right. For if they ...

The proposals before us today are an excellent example of a Commission initiative that focuses on our core responsibilities – what I often refer to ...

I support publishing today’s proposal for public comment, but I am concerned about the rule’s three-day liquid asset minimum requirement. While in practice many funds ...

I am concerned that the proposal does not go far enough in certain areas. In particular, we have seen a steady increase in the number ...

The proposed amendments also seek to enhance disclosure regarding fund liquidity and redemption practices. The Commission is proposing new rule 22e-4, which would require each ...