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Vedder Thinking | Articles Investment Services Regulatory Update

Newsletter/Bulletin

Topics include:

New Rules, Proposed Rules and Guidance

  • Division of Investment Management Issues Guidance on Oversight of Distribution Fees and Intermediary Payments
  • SEC Issues Concept Release Relating to the Role of Transfer Agents to Mutual Funds
  • SEC Proposes New Exemptive Rule Governing Funds’ Use of Derivatives

Public Statements, Press Releases and Testimony

  • OCIE Announces 2016 Exam Priorities
  • OCIE Issues Risk Alert Regarding Advisers and Funds that Outsource Their CCOs

Litigation and Enforcement Actions

  • Sivolella 36(b) Excessive Fee Case: First to Trial Since 2009
  • FINRA Sanctions Barclays Capital for Unsuitable Mutual Fund Transactions and Related Supervisory Failures
  • SEC Settles Charges against Wealth Management Businesses for Failing to Disclose Conflicts of Interest Arising from Preferences for Proprietary Funds
  • 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

Other News and Developments

  • SEC Launches Sweep of High-Yield Bond Funds

To read the Regulatory Update, click the link below.



Professionals



John S. Marten

Shareholder