Recent statements and actions by the Securities and Exchange Commission (SEC) signal the agency will continue to focus its resources and priorities on registered investment advisers, including newly-registered investment advisers (NRIAs). A March 2023 Risk Alert focusing on NRIAs, indicates that the SEC is identifying compliance deficiencies in several areas, including policies and procedures, disclosure […]
Mark Twain is credited with coining the phrase “it is wiser to find out than suppose” and at times the maxim holds true today, particularly by any regulated community. Earlier this summer, the Commodity Futures Trading Commission (CFTC) released an advisory clarifying one aspect of what swap dealers (SDs) need to do to meet capital […]
While non- and semi-transparent exchange-traded funds (“STETFs”) have been present since early 2016 with the introduction of NextShares by Eaton Vance, the past several years have not seen a warm embrace of this novel idea by fund families. Nonetheless, many have argued that for STETFs, the question was not “if,” but “when,” and it appears that the answer is now.
Two ways regulatory agencies can effectuate the recent White House Executive Order requiring them to find ways to reduce burdens to jumpstart economic growth: 1) think creatively; and 2) consider permanent relief.
