Asset Management ADVocate
Asset Management ADVocate
The Asset Management ADVocate provides unique analysis and insight into legal developments affecting asset managers in the United States. Subscribe 🡢
SEC Approves MEMX as a new National Securities Exchange
SEC Proposes Regulations for Determining Fair Value of Securities Held by Investment Companies
What Rule 2a-7 Tells Us about Re-Proposed Rule 18f-4
SEC Alleges COVID-19 Related Fraud by a Company after Suspending Trading
Money Market Funds and Re-Proposed Rule 18f-4
SEC’s Use of Trading Suspensions During the COVID-19 Pandemic and Considerations for Issuers and Broker-Dealers
The SEC has the authority under the Securities Exchange Act of 1934 to suspend trading in a given security if it deems it necessary for the public's interest. It has been exercising its authority to suspend trading with increased frequency for potentially false and misleading statements made in connection with the COVID-19 pandemic.
Emerging Markets Risks: Disclosure Considerations for Funds and Advisers
Re-Proposed Rule 18f-4: How Not to Distinguish Commitments from Derivatives
Does Re-Proposed Rule 18f-4 Have Commitment Issues?
SEC Provides a Consolidated Reference for COVID-19 Relief for Investment Companies and Advisers
SEC Staff Speaks to COVID-19 and Fund Prospectus Disclosure
OCIE Issues Risk Alert on Upcoming Regulation Best Interest Examinations
The SEC's Office of Compliance Inspections and Examinations (OCIE) issued a risk alert to explain the focus of its upcoming examinations of broker-dealers when gauging their compliance with Regulation Best Interest (Reg BI). In particular, OCIE will focus on reviewing broker-dealers' policies and procedures relating to Reg BI.
SEC Expands, Clarifies, and Standardizes Clearing Agency Rule
The Division of Investment Management Responds to COVID-19’s Impact on Requests for Hearings on Exemptive Applications