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Vedder Thinking | Articles Investment Services Regulatory Update


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Topics include

New Rules, Proposed Rules and Guidance

  • FinCEN Proposes Anti-Money Laundering Rules for Registered Investment Advisers
  • SEC Issues No-Action Letter Permitting a Fund-of-Funds to Invest in Assets that May Not Be Deemed Securities
  • 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 the Listing, Trading and Selling of Exchange-Traded Products

Public Statements, Speeches and Testimony

  • SEC Commissioners Address Recent Commission Orders Against CCOs

Litigation and Enforcement Actions

  • SEC Grants Petition for Review of Dismissal of Charges Against Investment Advisory Firm
  • Seventh Circuit Affirms District Court on Remand in Jones v. Harris Associates
  • U.S. District Court Denies Motion to Dismiss Excessive Fee Case Against SEI Investments
  • FINRA Sanctions Wells Fargo, Raymond James and LPL Financial for Failing to Identify and Apply Mutual Fund Sales Charge Waivers Available for Certain Retirement Accounts and Charitable Organizations
  • SEC Settles Charges Against Auditor, Fund Administrator and Trustee In Connection with Auditor-Trustee Relationship
  • SEC Settles Charges Against Mutual Fund Board Members, Investment Adviser and Administrator in connection with Advisory Contract Approval and Disclosure Process

Other News and Developments

  • Technical Difficulties at BNY Mellon Impact Processing of Net Asset Values
  • IRS Identifies Certain Basket Derivatives as Reportable Transactions

To read the Regulatory Update, click the link below.


Nathaniel Segal


John S. Marten