On March 3, 2025, the Federal Deposit Insurance Corporation (FDIC) withdrew three proposed rules, including its July 2024 proposed amendments to regulations under the Change in Bank Control Act of 1978 (CBCA) that would have...more
Under the Investment Company Act of 1940, securities held by a fund for which market quotations are readily available are to be priced at current market value, and securities for which market quotations are not readily...more
New Rules, Proposed Rules, Guidance and Alerts –
PROPOSED RULES –
Agencies Propose Volcker Rule Amendments Relating to Covered Funds –
On January 30, 2020, the Federal Reserve Board, FDIC, OCC, SEC and CFTC proposed...more
3/3/2020
/ Cybersecurity ,
Financial Industry Regulatory Authority (FINRA) ,
Foreign Investment Fund ,
Investment Funds ,
New Guidance ,
OCIE ,
Proposed Rules ,
SEC Examination Priorities ,
Securities and Exchange Commission (SEC) ,
Sub-advisers ,
Volcker Rule
On November 5, 2019, the SEC issued a release proposing amendments to Rule 14a-8 under the Securities Exchange Act of 1934, which is the rule that governs the process through which shareholders may submit proposals to be...more
12/10/2019
/ Corporate Governance ,
Proposed Amendments ,
Proposed Rules ,
Proxy Statements ,
Proxy Voting Guidelines ,
Public Comment ,
Rule 14a-8 ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Shareholder Meetings ,
Shareholder Proposals
On November 5, 2019, the SEC issued a release proposing amendments to the federal proxy rules that are intended to enhance the accuracy and transparency of information provided by proxy advisory firms to investors and...more
12/10/2019
/ Anti-Fraud Provisions ,
Conflicts of Interest ,
Disclosure Requirements ,
Exemptions ,
Investment Adviser ,
Investors ,
Proposed Rules ,
Proxy Advisory Firms ,
Proxy Solicitations ,
Proxy Voting ,
Proxy Voting Guidelines ,
Securities and Exchange Commission (SEC) ,
Shareholders
New Rules, Proposed Rules, Guidance and Alerts -
PROPOSED RULES –
SEC Proposes Rule Changes for Proxy Advisory Firms –
On November 5, 2019, the SEC issued a release proposing amendments to the federal proxy rules...more
11/26/2019
/ Corporate Governance ,
MiFID II ,
Proposed Rules ,
Proxy Advisors ,
Proxy Advisory Firms ,
Proxy Solicitations ,
Proxy Statements ,
Proxy Voting Guidelines ,
Publicly-Traded Companies ,
Securities and Exchange Commission (SEC) ,
Shareholder Proposals ,
Shareholders
In her remarks at the ETFs Global Markets Roundtable on May 21, 2019, SEC Commissioner Hester Peirce commented on the role ETFs play in financial experimentation and innovation, and the SEC’s role in protecting investors...more
Investment Services Regulatory Update –
New Rules, Proposed Rules, Guidance and Alerts –
New Rules –
SEC Adopts Rules and Interpretations Concerning the Standard of Conduct for Broker-Dealers and Investment Advisers...more
7/3/2019
/ Advisors Act ,
Best Interest Standard ,
Broker-Dealer ,
Disclosure Requirements ,
ETFs ,
Financial Industry Regulatory Authority (FINRA) ,
Financial Services Industry ,
Investment Adviser ,
Investment Advisers Act of 1940 ,
New Rules ,
Proposed Rules ,
Registered Investment Companies (RICs) ,
Regulation Best Interest ,
Securities and Exchange Commission (SEC)
New Rules, Proposed Rules, Guidance and Alerts –
GUIDANCE AND ALERTS –
OCIE Risk Alert Highlights Risks Associated with Adviser and Broker-Dealer Use of Cloud-Based Storage of Customer Records -
On May 23, 2019,...more
6/10/2019
/ Broker-Dealer ,
Closed-End Funds ,
Cloud Storage ,
Consumer Information ,
Cybersecurity ,
ETFs ,
Financial Industry Regulatory Authority (FINRA) ,
Identity Theft Red Flags Rule ,
Investment Adviser ,
New Rules ,
OCIE ,
Policies and Procedures ,
Proposed Rules ,
Risk Alert ,
Securities and Exchange Commission (SEC)
On March 20, 2019, the U.S. Securities and Exchange Commission (“SEC”) proposed a series of reforms to the registration and offering processes for registered closed-end investment companies (“Registered CEFs”). The proposal...more
5/7/2019
/ Closed-End Funds ,
Investment Company Act of 1940 ,
Offering Communications ,
Proposed Amendments ,
Proposed Rules ,
Prospectus ,
Registration Statement ,
Reporting Requirements ,
Securities Act of 1933 ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act
New Rules, Proposed Rules, Guidance and Alerts -
NEW RULES -
SEC Adopts Interim Final Rule Amending Timing Requirements for Filing Reports on Form N-PORT -
On February 27, 2019, the SEC adopted an interim final rule...more
4/3/2019
/ Custody Rule ,
Enforcement Actions ,
Excessive Fees ,
Financial Industry Regulatory Authority (FINRA) ,
Form N-PORT ,
Gun-Jumping ,
Interim Final Rules (IFR) ,
Investment Company Act of 1940 ,
Mutual Funds ,
No-Action Letters ,
OCIE ,
Proposed Rules ,
Securities Act of 1933 ,
Securities and Exchange Commission (SEC) ,
Testing-the-Waters Communications
New Rules, Proposed Rules, Guidance and Alerts –
NEW RULES –
SEC Adopts New Rules Permitting Covered Investment Fund Research Reports –
On November 30, 2018, the SEC adopted Rule 139b under the Securities Act of...more
12/18/2018
/ Broker-Dealer ,
Division of Investment Management ,
Enforcement Actions ,
ETFs ,
Excessive Fees ,
Financial Adviser ,
Financial Services Industry ,
Investment Companies ,
Investment Funds ,
Investors ,
Life Insurance ,
Mutual Funds ,
New Guidance ,
New Rules ,
OCIE ,
Partial Summary Judgments ,
Proposed Rules ,
Regulatory Requirements ,
Reporting Modernization Rules ,
Risk Alert ,
Safe Harbors ,
Section 36(b) ,
Securities Act of 1933 ,
Securities and Exchange Commission (SEC)
New Rules, Proposed Rules, Guidance and Alerts –
SEC STAFF GUIDANCE AND ALERTS –
OCIE Publishes Risk Alert on Compliance Issues Relating to Best Execution –
On July 11, 2018, the Office of Compliance Inspections and...more
8/21/2018
/ Best Execution ,
Broker-Dealer ,
Cryptocurrency ,
Digital Assets ,
Disclosure Requirements ,
Dismissals ,
Duty of Care ,
Enforcement Actions ,
Excessive Fees ,
Exemptions ,
Financial Industry Regulatory Authority (FINRA) ,
Investment Adviser ,
Investment Advisers Act of 1940 ,
Investment Company Act of 1940 ,
Investors ,
JOBS Act ,
New Guidance ,
New Rules ,
OCIE ,
Pending Legislation ,
Policies and Procedures ,
Private Right of Action ,
Proposed Rules ,
Risk Alert ,
Section 36(b) ,
Securities and Exchange Commission (SEC) ,
Virtual Currency
New Rules, Proposed Rules, Guidance and Alerts -
PROPOSED RULES -
SEC Proposes New Rule to Permit Certain ETFs to Operate Without an Exemptive Order -
On June 28, 2018, the SEC issued a proposed new rule under the...more
8/6/2018
/ Administrative Proceedings ,
Amended Rules ,
Asset Management ,
Comment Period ,
Conflicts of Interest ,
Disclosure Requirements ,
Enforcement Actions ,
ETFs ,
Excessive Fees ,
Exemptive Orders ,
Gartenberg Factors ,
Internet ,
Investment Adviser ,
Investment Company Act of 1940 ,
Investment Management ,
Investors ,
Liquidation ,
New Rules ,
Open-Ended Fund Companies (OFCs) ,
Processing Fees ,
Proposed Rules ,
Public Comment ,
Registered Investment Companies (RICs) ,
Rule 22e-4 ,
Section 36(b) ,
Securities Act of 1933 ,
Securities and Exchange Commission (SEC) ,
Shareholders ,
Summary Judgment ,
XBRL Filing Requirements
SEC Proposes Amendments to Auditor Independence Rules to Address Certain Lending Relationships -
Summary -
On May 2, 2018, the SEC issued proposed amendments to its auditor independence rules concerning the...more
5/23/2018
/ Auditor Independence ,
Auditors ,
Investment Management ,
Loan Agreements ,
Loans ,
New Rules ,
No-Action Relief ,
Open-Ended Fund Companies (OFCs) ,
Proposed Amendments ,
Proposed Rules ,
Registered Investment Advisors ,
Registered Investment Companies (RICs) ,
Regulation S-X ,
Securities and Exchange Commission (SEC) ,
Voting Securities
New Rules, Proposed Rules, Guidance and Alerts -
PROPOSED RULES -
SEC Proposes Changes to Fund Liquidity Disclosure Requirements -
On March 14, 2018, the SEC issued proposed amendments to the disclosure requirements...more
4/13/2018
/ Board of Directors ,
CFTC ,
Civil Monetary Penalty ,
Disclosure Requirements ,
Dodd-Frank ,
Enforcement Actions ,
ETFs ,
Excessive Fees ,
Form N-CEN ,
Form N-PORT ,
Investment ,
Investment Company Act of 1940 ,
Liquidity ,
Liquidity Risk Management Rule ,
Proposed Rules ,
Risk Management ,
Rule 22e-4 ,
Securities and Exchange Commission (SEC)
New Rules, Proposed Rules, Guidance and Alerts -
PROPOSED RULES -
SEC Proposes Changes to Fund Liquidity Disclosure Requirements -
On March 14, 2018, the SEC issued proposed amendments to the disclosure requirements...more
3/21/2018
/ 12b-1 plan ,
Disclosure Requirements ,
Form N-PORT ,
Investment Company Act of 1940 ,
Liquidity Risk Management Rule ,
Proposed Amendments ,
Proposed Rules ,
Reporting Requirements ,
Rule 22e-4 ,
Section 36(b) ,
Securities and Exchange Commission (SEC)
New Rules, Proposed Rules, Guidance and Alerts –
SEC STAFF GUIDANCE AND ALERTS -
SEC Staff Issues Guidance on Cryptocurrency-related Holdings -
On January 18, 2018, the staff of the SEC’s Division of Investment...more
2/13/2018
/ Arbitrage ,
Bitcoin ,
Broker-Dealer ,
Civil Monetary Penalty ,
Closed-End Funds ,
Conflicts of Interest ,
Cryptocurrency ,
Custody ,
Cybersecurity ,
Data Protection ,
De Minimis Claims ,
Disgorgement ,
Enforcement Actions ,
ETFs ,
Examination Priorities ,
Excessive Fees ,
Fee Disclosure ,
Fiduciary Duty ,
Fraud ,
Fund Sponsors ,
Index Funds ,
Investment ,
Investment Adviser ,
Investment Companies ,
Investment Company Act of 1940 ,
Investment Funds ,
Investment Management ,
Investment Opportunities ,
Investors ,
Liquidity ,
Market Manipulation ,
Mutual Funds ,
NAV ,
New Guidance ,
New Rules ,
OCIE ,
Penalties ,
Prejudgment Interest ,
Press Releases ,
Proposed Rules ,
Public Statements ,
Registration Statement ,
Regulatory Requirements ,
Risk Assessment ,
Risk Management ,
Risk-Based Approaches ,
Robo-Advisors ,
Rule 22e-4 ,
Section 36(b) ,
Securities and Exchange Commission (SEC) ,
SIFMA ,
Sub-advisers ,
Testimony ,
Valuation
New Rules, Proposed Rules, Guidance and Alerts -
NEW RULES -
SEC Delays Form N-PORT EDGAR Filing Requirement by Nine Months -
On December 8, 2017, the SEC adopted a temporary rule (the Temporary Rule) delaying by...more
12/21/2017
/ Administrative Law Judge (ALJ) ,
Department of Justice (DOJ) ,
Filing Requirements ,
Form N-PORT ,
Investment Adviser ,
Investment Companies ,
Liquidity Risk Management Rule ,
New Guidance ,
New Rules ,
Proposed Rules ,
Public Statements ,
Reporting Requirements ,
Securities and Exchange Commission (SEC) ,
U.S. Treasury
New Rules, Proposed Rules, Guidance and Alerts -
SEC STAFF GUIDANCE AND ALERTS -
SEC Staff Issues No-Action Letters to Facilitate Cross-Border Compliance with the Research “Unbundling” Provisions of the European...more
11/21/2017
/ Asset Management ,
Broker-Dealer ,
Business Continuity Plans ,
CFTC ,
Department of Labor (DOL) ,
Derivatives ,
Disclosure Requirements ,
ETFs ,
EU ,
Fiduciary Rule ,
Fixing America’s Surface Transportation Act (FAST Act) ,
Hyperlink ,
Incorporation by Reference ,
Independent Directors ,
Inducements ,
Insurance Regulations ,
Investment ,
Investment Adviser ,
Investment Management ,
Investors ,
Liquidity ,
MiFID II ,
New Guidance ,
New Rules ,
No-Action Letters ,
No-Action Relief ,
Proposed Rules ,
Public Comment ,
Regulatory Requirements ,
Research Funding ,
Risk Management ,
Safe Harbors ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Securities Transactions ,
Shareholders ,
Stress Tests ,
U.S. Treasury
New Rules, Propsed Rules, Guidance and Alerts -
SEC STAFF GUIDANCE AND ALERTS -
SEC Staff Extends No-Action Relief on Auditor Independence and the “Loan Provision” -
On September 22, 2017, the staff of the SEC’s...more
10/24/2017
/ Auditor Independence ,
Broker-Dealer ,
Cyber Threats ,
Cybersecurity ,
EDGAR ,
Enforcement Actions ,
ETFs ,
Fidelity Investments ,
Guidance Update ,
Hackers ,
Investment Adviser ,
Investment Advisers Act of 1940 ,
Investment Companies ,
Investment Management ,
Listing Standards ,
Mutual Funds ,
Nasdaq ,
New Rules ,
No-Action Letters ,
No-Action Relief ,
OCIE ,
Penalties ,
Proposed Rules ,
Public Statements ,
Registered Funds ,
Regulation S-X ,
Securities and Exchange Commission (SEC)