Exchange-Traded (ETFs)

In the three months since SEC commissioners voted 3-2 to propose a backtrack on planned mutual fund adviser risk management reporting no minds changed (IA ...

The Securities and Exchange Commission (the “Commission”) is proposing a new rule under the Investment Company Act of 1940 (the “Investment Company Act” or the ...

One aftermath of the surge in OCIE exams is that the percentage of reviews referred to the SEC’s Enforcement Division has fallen to a low ...

The SEC often wears blinders when it comes to cost assessment. We tend to underestimate the costs of individual rule changes. The costs incurred by ...

In the early days, the term “ETF” meant something fairly specific. Today, however, the term is used to describe investment companies with a wide range ...

The Securities and Exchange Commission is adopting an interim final rule that revises the compliance date for the requirements of rule 22e-4 for classification, highly ...

Brokers and advisers should be required to mitigate these conflicts, and the standard of conduct by which they provide advice can help ensure that that ...

A rulemaking barometer that compliance professionals have paid a great deal of attention to in the past will get streamlined going forward. The SEC’s next published ...

Treasury Department Secretary Steven Mnuchin believes the regulatory framework for the asset management industry “can be significantly improved.” With the costs of asset management expected ...

Complex products bring with them special supervision, suitability and rep training obligations.  Volatility-linked exchange-traded products fit squarely into this bucket and recently led to two ...