Topics include

Litigation and Enforcement Actions

• U.S. District Court Rules in Favor of Defendants on Remaining Claims in Schwab Case Relating to Violation of Fundamental Investment Policies
• AXA 36(b) Excessive Fee Cases: 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

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

To read the Regulatory Update, click the link below.