In the Margins
In a recent opinion piece, Washington, D.C., lawyer Eugene Scalia recounts his role in challenging a Securities and Exchange Commission rule concerning the extent to which mutual fund directors should be required to be independent of the advisory firm that manages the fund. In it, he examines the role of cost-benefit analysis and reasoned decision-making—or, in this case, the lack thereof. Read the original piece in The Regulatory Review.
Most Read
Securities and Exchange Commission Chairman Gary Gensler’s fast and furious rulemaking era will soon be ending, and it is a good time to take stock of ...
Congress created business development companies in 1980 to support job growth and help emerging companies raise funds. As of 2023, there were 139 BDCs with $312 ...
The Vanguard board expects to add two new independent directors in early 2025 to fill seats that will be vacated when two long-serving independents retire. The ...
The bottom line: In the near term, it’s not likely that the roles and activities of mutual fund directors will change much. There will be no ...