Topics

New Rules, Proposed Rules and Guidance

• SEC Proposes Extending Temporary Rule Regarding Adviser Principal Trades
• SEC Adopts Money Market Fund Rule Amendments
• SEC Re-Proposes Amendments to Remove References to Credit Ratings from Money Market Fund Rule
• FinCEN Proposes Anti-Money Laundering Rules
• Division of Investment Management Issues Guidance Regarding Enhanced Mutual Fund Disclosure
• SEC Divisions Issue Guidance Regarding Proxy Voting

Other News

• SEC Commissioner Confirms Cybersecurity as a Board-Level Concern

Litigation and Enforcement Actions

• District Court Grants Summary Judgment and Dismisses Case Regarding Insider Trading Prohibitions and Mutual Fund Redemptions
• FINRA Fines Merrill Lynch for Failing to Identify and Apply Mutual Fund Sales Charge Waivers Available for Retirement Accounts and Charitable Organizations
• SEC Settles Charges Against Hedge Fund Adviser for Conducting Prohibited Transactions and Retaliating Against Whistleblower
• SEC Settles Charges Against Portfolio Manager for Improperly Benefiting Hedge Fund Client at Expense of U.S. Fund Investors

To read the Regulatory Update, click the link below.