Top of the Agenda - Regulatory

Governance pros applaud SEC's paperless rule
By Hillary Jackson
Mutual fund governance professionals on Tuesday commended the Securities and Exchange Commission's move to modernize shareholder report delivery, pointing out that going paperless will reduce costs, save trees, and cater to the habits of "next generation" investors. Amy Lancellotta, managing director of Independent Directors Council, hailed SEC Chairman Jay Clayton ...  >> CONTINUE READING <<<

 

 

SEC's Blizzard to leave IM Division this month
By Hillary Jackson
Diane Blizzard, associate director of the Securities and Exchange Commission's Division of Investment Management, will leave her position at the end of this month, wrapping up 18 years of service. Since 2012 Blizzard has been a key player in the Division's rulemaking efforts, contributing to recent rules covering reporting modernization, ...  >> CONTINUE READING <<<

 

 

Scheidt to retire from SEC's IM 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 <<<

 

 


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Top of the Agenda - Governance
Morningstar populates fund board with industry pros

Morningstar Investment Management has tapped well-known industry veterans to sit on the board that will oversee its soon-to-be-launched Morningstar Funds. The investment management unit of the ...