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MFDF Webinar: Mutual Fund Distribution: Products and Platforms in an...
Financial services firms have been navigating regulatory uncertainty since at least the day the DOL fiduciary rule became final in April of 2016. Two years later, the opaque environment persists as the...
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High Morningstar Rating Significantly Increases Fund Flows, Firm Finds
An analysis of Morningstar’s Star Ratings’ and future fund flows by research firm Flowspring finds that the ratings significantly influence investors and the movement of “billions of dollars of capital...
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36(b) Cases Set Aside; Scrutiny of Board’s Process Highlights Need for Diligence
Two excessive fee cases that challenged fund advisory fees based on the sub-advised funds comparison and manager-of-managers theory were recently dismissed, continuing a trend of plaintiff losses. As...
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Webinar - Cyber: The Director’s Perspective
EY’s Center for Board Matters will host a webcast on cybersecurity on April 19, 2018 as part of its series Better Questions for Boards. Presenters will discuss topics such as:Assessing cyber risk and...
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Legislation Relaxes Leverage, Registration and Reporting Burdens for BDCs
President Trump recently signed into law a measure that will make capital more readily available to business development companies as well as relax certain leverage constraints and registration...
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Speculation Abounds as SEC Expected to Propose Fiduciary Standard at Open...
According to a notice posted on its website the SEC will host an open meeting on April 18, 2018 to discuss the long-awaited investment adviser/broker dealer conduct standards. The notice has sparked...
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MFDF Webinar: Love Your CCO
During this webinar, experts from ACA Compliance Group will discuss all things related to fund CCOs. Topics will include:Discuss the role of the fund CCO Varying fund CCO relationships and the...
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CFTC Commissioner Envisioning Oversight Framework for Virtual Currencies
In a recent speech to fintech thought leaders, CFTC Commissioner Brian Quintenz described the ongoing evolution of the CFTC’s philosophy on virtual currencies and future oversight possibilities. He...
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SEC Proposes Fiduciary Conduct Standards; Commissioner Critiques Set Tone for...
The SEC proposed a long-awaited package of rulemakings and interpretations on investment adviser and broker-dealer conduct, which according to Chairman Jay Clayton, reflects the SEC’s “efforts to fill...
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SEC to Engage Firm for Cryptocurrency Tracing, Seeks Comments on Bitcoin ETF...
The SEC plans to hire a technology company to focus on blockchain, cryptocurrency monitoring, among other responsibilities. According to the SEC’s request, the company will, among other duties, trace...
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MFDF Program to Explore Implications of Blockchain, Robos, AI for Fund Industry
The Mutual Fund Directors Forum in partnership with the University of Maryland’s Smith School of Business will host a one-day event in Washington D.C. on Tuesday May 8, 2018 titled The Road Ahead –...
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Directors Can Gain Insight on Funds from Active Share Disclosure
The New York Attorney General recently concluded an investigation into mutual fund fees and disclosures, which resulted in over a dozen mutual fund firms agreeing to publish Active Share information on...
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OCIE Risk Alert Highlights Fee Inaccuracies, Valuation, Other Errors Worth...
The SEC’s Office of Compliance Investigations and Examinations recently issued a Risk Alert to highlight risks and issues associated with advisory fees and expenses. Advisers who do not review and...
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Law Firm to Host Event on Global Alternative Funds
Dechert will host its annual symposium on May 2, 2017 in New York focusing on what investment managers must know about the evolving laws, opportunities, trends and risks in the current global...
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MFDF Webinar: The Securities Law Questions Raised by #MeToo
Due in significant part to the recent #MeToo movement, a wave of workplace sexual harassment allegations has flooded the corporate arena along with increased publicity, which has forced companies to...
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Clayton Stresses Staffing, Cybersecurity Needs in FY 2019 Budget Request
In testimony before committees of the U.S. House of Representatives, SEC Chairman Jay Clayton outlined the agency’s budget request for fiscal year 2019. The request of $1.658 billion is an increase...
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Center for Audit Quality Releases Cybersecurity Resource for Boards
The Center for Audit Quality recently released a resource titled Cybersecurity Risk Management Oversight: A Tool for Board Members, which provides key questions and discussion topics for boards to...
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Share Class Self-Reporting Initiative Presents Compliance and Other Challenges
The SEC recently announced that three investment advisers failed to disclose conflicts of interest and violated their duty to seek best execution by investing advisory clients in higher-cost mutual...
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Paper Examines Mechanics of Portfolio Manager Compensation, Performance-Based...
Professors from Northeastern University and the University of Florida released a paper recently on portfolio manager compensation in the United States. The authors note that while much of the academic...
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SEC Proposes Amendments to Auditor Independence Rules
The SEC has released a proposal to amend its auditor independence rules, which have presented several practical challenges to registered funds and auditors when the auditor has a lending relationship...
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