Reader View
Investment Services Regulatory Update
Newsletter/Bulletin
|
August 2017
In this issue:
New Rules, Proposed Rules, Guidance and Alerts
SEC Staff Guidance and Alerts
- OCIE Issues Summary of Observations from Latest Cybersecurity Sweep Exams
- Division of Investment Management Releases Investment Company Reporting Modernization FAQs
New Rules
- ICI Raises Concerns About Compliance Deadlines and Urges SEC to Re-Examine Asset Classification in Letter on Liquidity and Fund Reporting Modernization Rules
Proposed Rules
- SEC Staff Continues to Work on Potential Amendments to the “Loan Provision” Concerning Auditor Independence
- SEC Defers Action on Application to List “Managed Portfolio Shares,” a Type of Non-Transparent, Actively Managed ETF
Litigation and Enforcement Actions
Section 36(b) “Excessive Fee” Litigation
- Eighth Circuit Court of Appeals Affirms District Court’s Dismissal of Complaint in Fund-of-Funds Section 36(b) Lawsuit, Ruling Plaintiff Lacks “Statutory Standing”
SEC Actions in Federal Court
- SEC Files Fraud Charges Against Registered Representatives in Connection with Investments by Federal Employees in Variable Annuities
SEC Administrative Proceedings
- SEC Settles Charges Against Investment Adviser for Failing to Disclose Receipt of Revenue Sharing Payments from Third-Party Broker-Dealer
To read the Regulatory Update, click the link below.
Vedder Thinking | Articles Investment Services Regulatory Update
Newsletter/Bulletin
August 2017
Reader View
In this issue:
New Rules, Proposed Rules, Guidance and Alerts
SEC Staff Guidance and Alerts
- OCIE Issues Summary of Observations from Latest Cybersecurity Sweep Exams
- Division of Investment Management Releases Investment Company Reporting Modernization FAQs
New Rules
- ICI Raises Concerns About Compliance Deadlines and Urges SEC to Re-Examine Asset Classification in Letter on Liquidity and Fund Reporting Modernization Rules
Proposed Rules
- SEC Staff Continues to Work on Potential Amendments to the “Loan Provision” Concerning Auditor Independence
- SEC Defers Action on Application to List “Managed Portfolio Shares,” a Type of Non-Transparent, Actively Managed ETF
Litigation and Enforcement Actions
Section 36(b) “Excessive Fee” Litigation
- Eighth Circuit Court of Appeals Affirms District Court’s Dismissal of Complaint in Fund-of-Funds Section 36(b) Lawsuit, Ruling Plaintiff Lacks “Statutory Standing”
SEC Actions in Federal Court
- SEC Files Fraud Charges Against Registered Representatives in Connection with Investments by Federal Employees in Variable Annuities
SEC Administrative Proceedings
- SEC Settles Charges Against Investment Adviser for Failing to Disclose Receipt of Revenue Sharing Payments from Third-Party Broker-Dealer
To read the Regulatory Update, click the link below.
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