Top of the Agenda - Regulatory

Pinnacle case collapse puts liquidity rule in spotlight
By Hillary Jackson
The Securities and Exchange Commission last week dismissed charges against the defendants in the first-ever case related to enforcement of the liquidity risk management rule adopted in 2016. Defense lawyers argued, in part, that the SEC lacked the necessary congressional authority to enforce the liquidity rule under the Investment Company ...  >> CONTINUE READING <<<

 

 

SEC names next IM Division director
The Securities and Exchange Commission today announced that Brian Daly will assume the top job at the Division of Investment Management next month. Daly, who has a background in private funds and compliance, will replace Natasha Vij Greiner. SEC Chairman Paul Atkins said in the announcement that Daly has "deep ...  >> CONTINUE READING <<<

 

 

Greiner to leave SEC's IM Division next month
By Hillary Jackson
Division of Investment Management Director Natasha Vij Greiner will leave the Securities and Exchange Commission on July 4. She has worked at the SEC in various divisions and capacities for nearly 24 years and spent the last 15 months in her current position. An SEC spokesman declined to comment on ...  >> CONTINUE READING <<<

 

 

Will Atkins' fund board service inform his time as SEC chair?
By Hillary Jackson
Paul Atkins is set to begin the confirmation process to become the next chairman of the Securities and Exchange Commission on Thursday when he appears before the Senate Banking Committee. Well known as cryptocurrency advocate, Atkins also has experience in the investment management business and has served as an independent ...  >> CONTINUE READING <<<

 

 

ICI pursues reforming, modernizing '40 Act
By Hillary Jackson
The Investment Company Institute this week made public a set of recommendations to reform and modernize the Investment Company Act of 1940, which has not been comprehensively reviewed in more than three decades. The 12-page document addresses four main themes and makes 19 specific recommendations, including five that cover the ...  >> CONTINUE READING <<<

 

 

Names Rule FAQs: Some clarity, but not enough
By Hillary Jackson
The Securities and Exchange Commission issued FAQs on the amended Names Rule last week, a development expected by a fund industry that has been requesting guidance since the amendments were adopted in 2023. And while the new FAQs address some issues, they fail to address all issues related to the ...  >> CONTINUE READING <<<

 

 


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