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Money Market Funds

One of the audiences the Commission targets is investors
OCIE releases results of IC exams
December 1 marks the date by which mutual fund advisers managing under $1 billion in assets must come into compliance with the SEC’s liquidity risk ...
In all honesty, if you’re an adviser with a mutual fund with more than $1 billion in assets, you should already have plans in place ...
We would not recommend that the Commission take any enforcement action under Section 5(b) or Section 6(a) of the Securities Act against any Fund if ...
SEI funds had the option of loaning out securities to borrowers in exchange for cash collateral covering 102%-105% of the value of the loaned securities. ...
Get ready to submit some “test” filings of new Forms N-PORT and N-CEN later this year when the SEC releases a new version of EDGAR. ...
The Commission’s complaint alleged that Avatar and Fernandes failed to disclose material conflicts of interest in connection with investments Avatar made in new mutual funds ...
At times, the fabric of multiple financial regulators crosses like a quilt. Take the SEC’s Investment Company Act rule 2a-7 (money market funds). It bleeds ...
The Division will not recommend an enforcement action under Regulation 1.25 against an FCM that continues to invest, on or after October 14, 2016, its ...
I do not think that the staff of the Commission should be supporting this kind of “window dressing” – giving the impression of greater security ...
OCIE is seeking to identify conflicts of interest tied to advisers’ compensation or financial incentives for recommending mutual fund and 529 Plan share classes that ...
If a money market fund includes the word “government” in its name, the fund should have a policy that it will invest “at least 80% ...
This final rule is related to the removal of credit rating references in rule 2a–7, the principal rule that governs money market funds, and Form ...
These amendments implement the congressional mandate in Section 939A of the Dodd-Frank Act (“Dodd-Frank”) to eliminate such references from all of our rules. Since ...
If you’re an adviser to a mutual fund, a big takeaway from the SEC’s June 17 settlement with Commonwealth Capital Management ($18M in AUM) of ...
Investment company advisers would have to indicate if their CCOs are compensated or employed by anyone other than their fund, according to the SEC’s new ...
This matter involves Nationwide’s processing of purchase and redemption orders for variable insurance contracts and underlying mutual funds (collectively “orders”) in violation of Rule 22c-1 under ...
The CFO fudged the numbers and can stay in that position. But he dropped his title as CCO after the SEC said he violated the ...
Advisers affected by last year’s SEC money market fund reforms have until next year to master the major elements of the rule. Last week, the ...
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