Topics

New Rules, Proposed Rules and Guidance

• SEC Proposes Rules to Modernize and Enhance Investment Company and Investment Adviser Reporting
• FINRA Issues Interpretive Letter on Related Performance Information
• Division of Investment Management Issues Cybersecurity Guidance
• Division of Investment Management Publishes FAQs on Valuation Guidance Included in the 2014 Release Adopting Money Market Fund Reforms
• Division of Investment Management Releases Money Market Fund Reform FAQs
• Department of Labor Issues New Proposed Rule Defining Fiduciary Investment Advice

Litigation and Enforcement Actions

• U.S. Supreme Court Allows Plaintiffs in 401(k) Plan Case to Pursue Breach of Fiduciary Duty Claims Under Continuing Duty Theory
• SEC Settles Charges Against Nationwide Life Insurance Company for Failing to Process Purchase and Redemption Orders in Compliance with the 1940 Act
• U.S. Court of Appeals Rejects Defendants' Request for Rehearing in Schwab Case Relating to Violation of Fundamental Investment Policies
• SEC Settles Charges Against Adviser and CCO for Providing Inaccurate and Incomplete Expense Allocation Methodology and Profitability Information to Fund Board in Connection with Contract Renewal
• SEC Settles Conflict-of-Interest Case Against BlackRock and Former Chief Compliance Officer Concerning Portfolio Manager's Outside Business Activities
• SEC Announces Fraud Charges Against Investment Adviser Accused of Concealing Poor Performance of Fund Assets from Investors

To read the Regulatory Update, click the link below.