Over the last several years credit unions have sought to raise funds in the capital markets by issuing their Share Certificates through brokers or other intermediaries. Credit union shares have many of the same attributes of...more
In October 2022, the Securities and Exchange Commission (SEC) adopted amendments that will significantly alter the content, format and presentation of annual and semi-annual shareholder reports used by investment companies,...more
The Securities and Exchange Commission (the “SEC”) recently adopted amendments1 to Rule 35d-1 under the Investment Company Act of 1940, the fund “Names Rule” (“Amendments”). In the Release, the SEC noted that the Amendments...more
11/7/2023
/ Compliance ,
Derivatives ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
Form N-PORT ,
Investment Company Act of 1940 ,
Investment Funds ,
New Amendments ,
Notice Requirements ,
Recordkeeping Requirements ,
Securities and Exchange Commission (SEC)
Silvergate Bank, the La Jolla based bank that made a name for itself by specializing in providing banking services to the crypto industry, has recently come under scrutiny for using a (quasi) federal lending program, designed...more
The Securities and Exchange Commission (SEC) recently adopted rule and form amendments (Amendments) under the Investment Company Act of 1940 to enhance the information that mutual funds, exchange-traded funds, and other...more
12/1/2022
/ Compliance ,
Disclosure Requirements ,
EDGAR ,
Golden Parachutes ,
Institutional Investment ,
Investment Advisers Act of 1940 ,
New Rules ,
Proxy Voting ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Transparency