Mutual Funds

One part of the proposal asks should the Commission delegate to a fund’s CCO the duty to determine if the 80% threshold has been satisfied

"The proposal quite sensibly seeks to align the branding of funds with the reasonable expectations of investors. It is well thought-out and carefully crafted"

"The Names Rule has not been amended since its adoption in 2001. The industry has changed significantly in two decades .... The need for clarity in ...

"Given the breadth of terms such as ESG, growth, and value, how will industry implement the rule and how will we enforce it without engaging ...

"Some funds have claimed that the rule does not apply to them — even though their name suggests that investments are selected based on specific ...

FRIM had a conflict of interest when it recommended money market funds available as Sweep Account options

ESG and mutual fund names are two proposals the SEC will be taking up

FINRA continues to see deficiencies in examinations and communications reviews of alt fund products

Although neither HighPoint nor its IARs received the 12b-1 fees paid to the Clearing Firm, HighPoint and its IARs had a conflict of interest when ...

"Fund advisers do owe the funds they manage a fiduciary duty, which includes a duty of care and a duty of loyalty. The Commission can always ...