Topics include

Litigation and Enforcement Actions

• U.S. District Court Rules for Defense in Hartford Section 36(b) Excessive Fee Case

Public Statements, Press Releases and Testimony

• OCIE Issues Risk Alert Regarding Compliance Topics Frequently Identified in Deficiency Letters

New Rules, Proposed Rules and Guidance

• SEC Staff Publishes FAQ in Response to Questions Regarding Its Mutual Fund Fee Structure Guidance and “Clean Shares” Interpretive Letter
• SEC Staff Issues Interpretive Letter Permitting Open-End Funds to Acquire Shares of Affiliated Closed-End Funds

To read the Regulatory Update, click the link below.