Topics

New Rules, Proposed Rules and Guidance

• Division of Investment Management Issues Guidance on Personal Trade Reporting of Accounts Over Which Access Persons Have No Influence or Control
• SEC Requests Public Comment on Exchange-Traded Products
• 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
• Division of Investment Management Releases Money Market Fund Reform FAQs
• Department of Labor Issues New Proposed Rule Defining Fiduciary Investment Advice

Litigation and Enforcement Trends

• SEC Settles Charges Against Mutual Fund Board Members, Investment Adviser and Administrator in connection with Advisory Contract Approval and Disclosure Process
• 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 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