Top of the Agenda - Regulatory

Scheidt to retire from SEC's Investment Division
By Hillary Jackson
Douglas Scheidt will retire from the Securities and Exchange Commission's Division of Investment Management at the end of September after decades of public service. An associate director and chief counsel of the division, Scheidt has been involved with countless regulatory initiatives and rulemakings during his career, which has included more ...  >> CONTINUE READING <<<

 

 

SEC's Blass eyes updating valuation guidance

By Hillary Jackson
Securities and Exchange Commission staff is considering updating valuation guidance to reflect evolution in the markets and the standards for accounting, auditing and reporting, according to Dalia Blass, director of the Division of Investment Management. "We are in the early stages, but we are hopeful that we can develop recommendations to ...  >> CONTINUE READING <<<

 

 

Boards: Query advisers after Voya securities lending settlement
By Hillary Jackson
Two Voya Financial investment adviser subsidiaries have settled Securities and Exchange Commission charges they failed to disclose conflicts of interest and made misleading disclosures in connection with their practice of recalling securities on loan so their affiliates could receive tax benefits. The Voya subsidiaries agreed to pay approximately $3.6 million ...  >> CONTINUE READING <<<

 

 

SEC's Blass kicks off board review with director meetings
By Hillary Jackson
Dalia Blass, director of the Securities and Exchange Commission's Division of Investment Management, has begun meeting with independent mutual fund directors and lawyers who work with them as part of a previously announced comprehensive review of fund board responsibilities. Individuals who have spoken with Blass or otherwise have knowledge of ...  >> CONTINUE READING <<<

 

 

Cues for fund directors in OCIE 2018 exam priorities
By Hillary Jackson
Mutual fund boards can use the 2018 national examination priorities released Wednesday by the Securities and Exchange Commission to organize their own areas of focus this year, industry lawyers told Fund Board Views. The SEC's Office of Compliance Inspections and Examinations released the priorities in a slick, easy-to-read 16-page booklet ...  >> CONTINUE READING <<<

 

 


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Top of the Agenda - Regulatory
SEC's Blass eyes updating valuation guidance

Securities and Exchange Commission staff is considering updating valuation guidance to reflect evolution in the markets and the standards for accounting, auditing and reporting, according to ...