Topics

New Rules, Proposed Rules and Guidance

• SEC Reopens Comment Period on Proposed Target Date Retirement Fund Marketing Rules
• Division of Investment Management Issues Guidance Regarding Fund Deregistrations
• Division of Investment Management Issues Guidance Regarding the Testimonial Rule and Social Media
• Division of Investment Management Issues Guidance Regarding Aggregate Advisory Fee Rates for Multi-Manager Funds
• Division of Investment Management Issues Guidance Regarding Unbundling of Proxy Proposals with Respect to Fund Charter Amendments

Other News

• OCIE Issues Cybersecurity Risk Alert
• SEC Staff Member Discusses Planned Sweep Examination of Alternative Funds
• SEC Staff Member Comments on Recent Sub-Transfer Agency Examinations

Litigation and Enforcement Actions

• SEC Charges Investment Adviser for Undisclosed Revenue Sharing Agreements
• SEC Settles Charges Against Investment Adviser for Improperly Calculating Advisory Fees and Overcharging Clients
• U.S. Supreme Court Extends Sarbanes-Oxley Whistleblower Protection
• Complaint Filed Against BlackRock Alleges Excessive Advisory Fees
• SEC Settles Charges Against Credit Suisse for Providing Unregistered Services to U.S. Clients

To read the Regulatory Update, click the link below.