Top of the Agenda - Regulatory

Grim to leave SEC's IM division
By Hillary Jackson
David Grim will leave the Securities and Exchange Commission's Division of Investment Management next month, closing out a 22-year career with the agency—including more than two years in his current role. An SEC spokesman told Fund Board Views that Grim has "no immediate plans" and that a successor has not ...  >> CONTINUE READING <<<

 

 

Calvert, SEC settle distribution charges
By Hillary Jackson
Calvert Investment Management and subsidiary Calvert Investment Distributors will pay $22.6 million to settle Securities and Exchange Commission charges related to "improper use of mutual fund assets" to pay for distribution and marketing outside of a written, board-approved Rule 12b-1 plan. In the settlement order, the SEC also charged that ...  >> CONTINUE READING <<<

 

 

Donohue wraps up second SEC stint
By Hillary Jackson
Buddy Donohue has left the building...again.
 
Donohue finished up his second stint at the Securities and Exchange Commission on Friday, when President Barack Obama's administration came to an end. He had been serving under Chair Mary Jo White as agency chief of staff since May 2015, acting as a senior adviser ...  >> CONTINUE READING <<<

 

 

Derivatives rule unlikely, boards should 'stay the course'
By Hillary Jackson
Mutual fund industry professionals increasingly are reaching the conclusion that the Securities and Exchange Commission is unlikely to release a final rule on fund use of derivatives before Chairwoman Mary Jo White leaves her post on Jan. 20. What this means for the fate of the rule is unclear, but boards overseeing ...  >> CONTINUE READING <<<

 

 

SEC's White makes pitch for FY'18 budget increase
By Hillary Jackson
A day after announcing she would leave her post at the Securities and Exchange Commission at the end of President Barack Obama's administration in January, Chairwoman Mary Jo White asked the U.S. House Committee on Financial Services for a nearly $500 million increase in the agency's budget for the next ...  >> CONTINUE READING <<<

 

 


Most Read

Top of the Agenda - Succession
Vanguard Funds board to add three, lose one

Two new independent directors and incoming CEO Tim Buckley are slated to join the Vanguard Funds board on Jan. 1. Meanwhile, a long-standing independent director will ...
Top of the Agenda - Legal
 Third Avenue litigation comes to an end

Litigation related to the collapse of Third Avenue Management's Third Avenue Focused Credit Fund is coming to an end, just 18 months after the fund was closed in ...