Plans by the Securities & Exchange Commission to tighten rules on how target date funds are marketed and sold are likely to mean more work for compliance teams at investment companies offering such products, according to Christopher Harvey, partner at Dechert in Boston.
Securities and Exchange Commission staffers on July 16 gave the green light for mutual funds to use the clearinghouse of the Chicago Mercantile Exchange to perform credit default swap transactions.
The Securities and Exchange Commission has fined and censured New York, N.Y.-based investment adviser Ephraim Fields over allegations that he tried to artificially cap the closing stock price of Cleveland, Ohio-based Hawk Corporation, so that Hawk could avoid certain reporting requirements under the Sarbanes-Oxley Act.
The Managed Funds Association has urged the Commodity Futures Trading Commission to adopt more specific disclosure requirements in its rulemaking on co-location/proximity hosting services.
The Investment Adviser Association wants the European Union to take over policing of short selling abuses in European markets.
The Canadian Securities Administrators has proposed changes to National Instrument 81-102 on mutual funds.
The Securities and Exchange Commission has filed a civil action accusing Life Wealth Management and its owner Jeffery Preston of fraud and a breach of fiduciary duty for placing clients in unsuitable investments and misrepresenting and failing to disclose the risks of these investments.
The Securities and Exchange Commission's recently adopted pay-to-play rule includes a provision regarding indirect third-party contributions that may create headaches for compliance officers, according to Edward Pittman, of counsel with Dechert.
Certain mutual funds could lose their exclusion from having to register as commodity pool operators if the National Futures Association has its way.
The Securities and Exchange Commission has accused Travis Wright of Salt Lake City, Utah, of carrying out an offering fraud in which it alleged he raised nearly $145 million from roughly 175 investors.
The Commodity Futures Trading Commission has filed an enforcement action charging San Francisco, Calif.-based Highlands Capital Management and its principal, Glenn Kane Jackson, with operating a fraudulent off-exchange foreign currency scheme.
The Securities and Exchange Commission should tweak its plan to collect and analyze trade data from large traders, according to the Investment Company Institute.
The Commodity Futures Trading Commission has accused Richard Theye and his firm, Micind Capital Management, with running an alleged multi-million dollar Ponzi scheme.