On October 12, 2018, the staff of the SEC’s Division of Investment Management issued a no-action letter to the Independent Directors Council (“IDC”) agreeing that the staff will not recommend enforcement if, in lieu of making certain determinations under Rule 10f-3, 17a-7 and 17e-1 (the “Exemptive Rules”) under the Investment Company Act of 1940 (the “1940 Act”)
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SEC Sanctions Adviser and Portfolio Manager for Improper Cross Trades and Failure to Seek Best Execution
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OCIE Risk Alert Identifies Common Best Execution Deficiencies
New Exemptive Rule Could Lower Barriers to Entry for New ETFs
AICPA Draft Guide Available for Comment: Valuation of Portfolio Company Investments of Venture Capital and Private Equity Funds
SEC Brings 13 Settled Enforcement Proceedings for Failure to File Form PF
SEC Proposes Simplified Relationship Summary for Broker-Dealers and Investment Advisers to Use with Retail Investors
Enforcement Issues FAQs on the Share Class Selection Disclosure Initiative
The SEC’s Standard of Conduct Proposals Would Raise the Bar on Investment Advisers
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