Topics

New Rules, Proposed Rules and Guidance

• SEC Adopts Rule and Form Amendments to Remove Credit Rating References
• Volcker Rule Adopted by Regulatory Agencies to Limit Certain Bank Activities
• Division of Investment Management Issues Guidance Regarding Fund Names That Suggest Protection from Loss
• Division of Investment Management Issues Guidance Regarding Electronic Delivery of Shareholder Notices of the Sources of Fund Distributions

Other News

• Mutual Fund Directors Forum Issues Update to Fund Governance Guidance
• Independent Directors Council Issues Guidance on Board Composition Considerations
• Independent Directors Council Issues Guidance on Investment Performance Oversight by Fund Boards
• Director of the Division of Investment Management Discusses Division Improvement Initiatives

Litigation and Enforcement Actions

• SEC Charges Money Market Fund Adviser and Portfolio Manager with Violations of the Federal Securities Laws
• SEC Sanctions Three Investment Advisory Firms for Violating Custody Rule
• SEC Sanctions Three Investment Advisory Firms Under Compliance Program Initiative

To read the Regulatory Update, click the link below.