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Respondent has submitted a sworn Statement of Financial Condition, dated February 29, 2020, supplemented as of June 30, 2020, and other evidence and has asserted ...
The published rule begins June 14, 2021. It promises “an expedited review procedure for applications” that are “substantially identical to two other applications"
"we are adopting an expedited review process for routine applications, an informal internal procedure for applications that would not qualify for the expedited process, and ...
Graham Bordelon caused its clients to receive credits on 12b-1 fees back to their accounts and began a process of converting its clients’ mutual fund ...
SCF failed to adopt and implement written policies and procedures reasonably designed to prevent violations of the Advisers Act and the rules thereunder in connection ...
The shareholder report would start with a fund name, ticker symbol, the words “Annual Shareholder Report,” and a legend
Communications to fund boards' on arrangement considered misleading
An example of the SEC's proposed 'tailored' shareholder report for mutual funds
The proposal would move “fund disclosures to the 21st century” by urging funds to use interactive and “user-friendly design features” to help investors “customize” information ...
I am concerned about the proposal’s treatment of acquired fund fees and expenses (“AFFE”). Specifically, the proposal would allow funds to exclude AFFE from their ...
Hester Peirce
The verbal explosion that has occurred in our releases over the last twenty years means that only securities attorneys and compliance professionals, who are paid ...
Elad Roisman
Fund shareholders may be paying these fees regardless of the funds in which they invest. Perhaps these shareholders would not mind paying this extra cost ...
Jay Clayton
Today’s proposal would establish a new disclosure framework for mutual funds and ETFs that modernizes the shareholder reports provided to existing investors and the prospectuses ...
The proposal is designed to alleviate concerns that fund retail shareholders currently may receive disclosure materials that are not well-suited to their needs, which may ...
Three VALIC employees worked to steer union members to the advisory firm while being “deceptively identified” as union employees
The former SEC staffer called the proposal “fundamentally flawed” and “not legally viable”
Rule targets business development companies and other closed-end investment companies
An investment adviser’s fiduciary duty includes, among other things, an obligation to seek best execution for client transactions
Issue tied to breaches of limitations on an IC's ownership interests in another
he new procedures will be effective nine months from their publication
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