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Vedder Thinking | Articles Investment Services Regulatory Update

Newsletter/Bulletin

Topics include:

Litigation and Enforcement Actions

  • SEC Settles with Investment Adviser over False Performance Claims
  • U.S. District Court Grants Defendants' Motion to Dismiss in PIMCO Case Relating to Violation of Investment Policies
  • SEC Settles Charges Against Advisory Firms for Failing to Disclose Changes in Investment Strategy of Closed-End Fund
  • U.S. District Court Rules on Defendants' Motion to Dismiss in Schwab Case Relating to Violation of Fundamental Investment Policies
  • SEC Settles Charges Against Investment Adviser for Failing to Adopt Adequate Cybersecurity Policies and Procedures in Advance of Data Breach
  • SEC Settles First Charges Brought under Distribution-in-Guise Initiative

New Rules, Proposed Rules and Guidance

  • OCIE Issues Risk Alert Regarding Advisers and Funds that Outsource Their CCOs
  • SEC Proposes New Liquidity Risk Management Rules for Mutual Funds and ETFs
  • SEC Issues Final Rule for Removal of Certain References to Credit Ratings and Amends the Issuer Diversification Requirement in the Money Market Fund Rule
  • OCIE Identifies Focus Areas for Second Round of Cybersecurity Sweep Exams

Other News and Developments

  • ICI and IDC Survey Shows Fund Boards Follow Strong Governance Practices

To read the Regulatory Update, click the link below.



Professionals



John S. Marten

Shareholder