Monday, May 20. 2024

SEC Staff Releases Latest Investment Adviser Statistics Report

On May 15th, the SEC’s Division of Investment Management Analytics Office issued a new report of Investment Adviser Statistics, which is based on compiled data filed by investment advisers on Form ADV, the form used by investment advisers to register with both the SEC and state securities authorities. The publication, which shows trends over time, will be updated annually. It is designed to provide the public with insight into the investment advisory industry as well as areas such as client composition, business activities, and the types of funds advised. Continue reading "SEC Staff Releases Latest Investment Adviser..." »
Posted by
LeAnn Dey
in Investment Management, SEC at 16:26

Monday, April 22. 2024

SEC to Hold Second Annual Conference on Emerging Trends in Asset Management

The SEC’s Division of Investment Management has announced its second annual Conference on Emerging Trends in Asset Management, which will bring together academics, asset management industry participants, and regulators. The remote conference will take place on Thursday, May 16, 2024, from 9:00 a.m. to 5:00 p.m. ET. The event is free and open to the public via live webcast on sec.gov. Registration for the conference will be open through Tuesday, May 14, 2024. {expires: 2024-05-17} Continue reading "SEC to Hold Second Annual Conference on..." »
Posted by
LeAnn Dey
in Events, Investment Management, SEC at 08:12

Tuesday, September 26. 2023

SEC Adopts Rule Improvements to Inhibit the Use of Misleading Investment Fund Names

On September 20th, the SEC adopted amendments to Rule 35d-1 under the Investment Company Names Rule of 2001 (Names Rule) to address certain broad categories of investment company names that may mislead investors about an investment company's investments and risks. For a business development company (BDC) or a registered investment company, the name of its firm is a key marketing tool for the fund, and it provides investors with decision-useful information about the fund. The amendments to the Names Rule, which were proposed in May 2022, are expected to help to ensure that the rule continues to meet its main objective of investor protection.

Continue reading "SEC Adopts Rule Improvements to Inhibit the Use..." »
Posted by
LeAnn Dey
in Investment Management, Investor Education, SEC at 07:30

Thursday, September 14. 2023

SEC’s Division of Investment Management to Hold Open Meeting

The SEC’s Division of Investment Management will hold an open meeting via webcast on sec.gov that will take place on Wednesday, September 20, 2023, at 10:00 a.m. ET. The meeting is free, open for the public to attend, and will address issues relating to misleading investment disclosures, among other topics. {expires: 2023-09-21} Continue reading "SEC’s Division of Investment Management to Hold..." »
Posted by
LeAnn Dey
in Events, Investment Management, Investor Education, SEC at 12:51

Friday, July 07. 2023

SEC to Hold Open Meeting on Money Market Fund Reform and Broker-Dealer Reserve Requirements

SEC staff will hold an open meeting via webcast on sec.gov on Wednesday, July 12, 2023 at 10:00 a.m. EDT. The meeting is free and open for the public to attend. During the meeting, the Division of Investment Management will discuss Money Market Fund Reform; Form PF Reporting Requirements for Large Liquidity Fund Advisers; Technical Amendments to Form N-CSR and Form N-1A. {expires: 2023-07-13} Continue reading "SEC to Hold Open Meeting on Money Market Fund..." »
Posted by
LeAnn Dey
in Events, Investment Management, SEC at 16:19

Friday, April 07. 2023

SEC Offers Free Investor Education Resources During Financial Capability Month

On April 3rd, the SEC’s Office of Investor Education and Advocacy (OIEA) announced that the theme for April’s National Financial Capability Month is “Investing For Everyone”. Throughout April, SEC leadership and staff will promote free tools and resources that will be available on investor.gov. The staff will also take part in investor education events nationwide that are geared toward students, underrepresented communities, older investors, and the military. Continue reading "SEC Offers Free Investor Education Resources..." »
Posted by
LeAnn Dey
in Events, Investment Management, Investor Education, SEC at 09:59

Monday, January 23. 2023

SEC Issues Fee Rate Advisory #2 for Fiscal Year 2023

On January 23rd, the SEC announced that it has established new fee rates in accordance with Section 31 of the Securities Exchange Act of 1934. The fee rates that apply to most securities transactions will be set at $8.00 per million dollars and will go into effect on February 27th. The rate each self-regulatory organization is required to pay the SEC will remain $22.90 per million dollars for covered sales occurring on charge dates through February 26th. For more information on the charge date, refer to Rule 31(a)(3) and Exchange Act Release No. 49928 on the SEC’s website. Continue reading "SEC Issues Fee Rate Advisory #2 for Fiscal Year..." »
Posted by
LeAnn Dey
in Investment Management, SEC at 15:13

Thursday, December 29. 2022

SEC Proposes New Rules Related to Regulation Best Execution

The SEC has proposed new rules under the Exchange Act concerning a broker-dealer’s duty of best execution. Under proposed Regulation Best Execution, the current regulatory framework for the duty of best execution would be enhanced by requiring detailed policies and procedures for all broker-dealers. Continue reading "SEC Proposes New Rules Related to Regulation..." »
Posted by
LeAnn Dey
in Investment Management, SEC at 10:46

Monday, March 28. 2022

SEC Staff to Hold Meeting to Discuss Special Purpose Acquisition Companies, Shell Companies and Projections

The SEC’s Divisions of Corporation Finance and Investment Management will host a meeting via webcast on sec.gov to discuss whether to propose amendments concerning special purpose acquisition companies, shell companies, and the use of projections in SEC filings. The staff will also consider a rule addressing the status of special purpose acquisition companies under the Investment Company Act of 1940. The meeting is free, open for the public to attend, and will take place on Wednesday, March 30, 2022 at 11:30 a.m. ET. {expires: 2022-03-31} Continue reading "SEC Staff to Hold Meeting to Discuss Special..." »
Posted by
LeAnn Dey
in Corporation Finance, Events, Investment Management, SEC at 09:10

Wednesday, February 23. 2022

SEC Announces Proposal to Reduce Risks in Clearance and Settlement

On February 9th, the SEC announced that it is proposing new rules and amendments intended to protect investors by reducing risks in the clearance and settlement of securities. The revisions would increase operational efficacy by shortening time between the execution of securities transaction and its settlement. The proposed rule would decrease the standard settlement cycle for the majority of broker-dealer transactions from two business days after the trade date (“T+2”) to one business day after the trade date (“T+1”).

Continue reading "SEC Announces Proposal to Reduce Risks in..." »
Posted by
LeAnn Dey
in Investment Management, Investor Education, SEC at 11:13

Friday, January 28. 2022

The Divisions of Corporation Finance and Investment Management Provide Guidance Regarding the Use of Paper “Courtesy Copies”

The Divisions of Corporation Finance and Investment Management receive paper “courtesy copies” of materials from many individuals and entities when they file or submit via EDGAR, email, online form or other electronic methods of communication. Registrants frequently send marked copies of amendments to registration statements or copies of electronically filed registration statements showing modifications from previously submitted or filed versions. Continue reading "The Divisions of Corporation Finance and..." »
Posted by
LeAnn Dey
in Corporation Finance, Investment Management, SEC Filing Help at 13:25

Thursday, December 23. 2021

SEC Proposes Money Market Fund Reforms

On December 15th, the SEC proposed amendments that would enhance certain reporting requirements to improve the SEC’s ability to monitor and analyze money market fund data. Money market funds are a category of mutual funds registered under the Investment Company Act of 1940 (Act) and regulated pursuant to rule 2a-7 under the Act. Continue reading "SEC Proposes Money Market Fund Reforms" »
Posted by
LeAnn Dey
in Investment Management, SEC, SEC Filing Help at 09:47

SEC Proposes Updates to Rule 10b5-1 Insider Trading Plans and Related Disclosures

On December 15th, the SEC proposed amendments to Rule 10b5-1 to enhance disclosure requirements and investor protections against transactions in company securities. Adopted by the SEC in August 2000, Rule 10b5-1 provides corporate insiders an affirmative defense to insider trading: (1) for parties that commonly have access to material nonpublic information, including corporate officers, directors, and issuers, and (2) in circumstances where (subject to certain conditions) the trade was (a) under a binding contract, (b) part of an instruction to another person to execute the trade for the instructing person’s account, or (c) part of a written plan adopted when the trader was not aware of material nonpublic information. Continue reading "SEC Proposes Updates to Rule 10b5-1 Insider..." »
Posted by
LeAnn Dey
in Investment Management, Investor Education, SEC, SEC Filing Help at 09:30

Wednesday, October 20. 2021

SEC Revises Filing Fee Disclosure and Payment Methods

The SEC voted on October 13th to apply updates to the current methods used to calculate, report, and pay filing fees. The modifications are intended to help automate filing fee calculation and validation and update fee payment options. Importantly, the SEC is introducing a structured data format disclosure requirement concerning fee calculations to most fee-bearing forms. Continue reading "SEC Revises Filing Fee Disclosure and Payment..." »
Posted by
LeAnn Dey
in Investment Management at 16:45

Wednesday, October 13. 2021

SEC Proposes Amendments to Form N-PX

The SEC has proposed revisions to Form N-PX to broaden the form’s scope and make it easier and more efficient for investors to get vital information from mutual funds, exchange-traded funds, and other funds that report about their proxy votes. Funds have been required since 2003 to file Form N-PX reports to disclose their voting practices for proxy proposals concerning their investments. However, funds may be inconsistent in the way in which they disclose information about their votes, or they may use a format that is not machine readable, which can make it sometimes difficult for investors to analyze reported data. The rule would render funds’ proxy voting records more usable and easier to analyze. In addition, investors would be able to more easily monitor how their funds vote and compare different funds’ voting records. Continue reading "SEC Proposes Amendments to Form N-PX" »
Posted by
The Novaworks Team
in EDGAR News, Investment Management at 09:56
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