Topics

New Rules, Proposed Rules and Guidance

• Division of Investment Management Issues Guidance Regarding Unbundling of Proxy Proposals with Respect to Fund Charter Amendments
• Division of Investment Management Issues Guidance Regarding Risk Management for Fixed Income Funds
• SEC Adopts Rule and Form Amendments to Remove Credit Rating References
• Volcker Rule Adopted by Regulatory Agencies to Limit Certain Bank Activities

Other News

• SEC Staff Member Comments on Recent Sub-Transfer Agency Examinations
• SEC Increases Focus on Cyber Security
• OCIE Issues Risk Alert on Investment Adviser Due Diligence Processes for Selecting Alternative Investments
• SEC Staff Releases 2014 Examination Priorities

Litigation and Enforcement Actions

• Complaint Filed Against BlackRock Alleges Excessive Advisory Fees
• SEC Settles Charges Against Credit Suisse for Providing Unregistered Services to U.S. Clients
• SEC Sanctions Investment Adviser and President/Chief Compliance Officer for False and Misleading Advertisements
• SEC Charges Investment Adviser with Violations of the Federal Securities Laws

To read the Regulatory Update, click the link below.