Fund Disclosures and Regulation
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Three areas for investors to watch as Paul Atkins takes over as chair of the Securities and Exchange Commission.
History may not be the right guide during this particular transition.
Congress created the SEC in 1934 as an independent agency, and its goal was to insulate the watchdog of US securities markets from political meddling.
Still, elections hold consequences for the SEC and the agency’s priorities.
Why? There are a few reasons.
From securities to life insurance, marketing regulations align across states and products and focus on promoting truthfulness and transparency.
The Security and Exchange Commission’s recently adopted regulations on greenhouse gas emissions and climate-related financial disclosures mark a significant step toward availability of public information for investors in the future.
What does the regulatory future look like for gamification and other digital engagement practices? That remains to be seen, says Jasmin Sethi on our Brain Waves blog
True investor protection involves proactively creating a predictable regulatory regime.
Did you know that financial services regulators use AI to help detect fraud and possible misconduct? Jasmin Sethi highlights use cases of two regulators.
Customer Relationship Summaries, also known as Form CRS, are a key accompaniment to the SEC’s Regulation Best Interest, or Reg BI, which governs the standard of conduct for broker/dealers. As of last year, broker/dealers, Registered Investment Advisors, and dually registered firms must provide each client, or prospective client, with the firm’s Form CRS.
In this article, we’ll walk through how regulation can be one of three things for a company’s business: an opportunity; an obstacle; or a risk.
We believe that some policy ramifications of the GameStop/Robinhood uproar are likely. Here's a look at some of the possibilities and trade-offs.
In 2020, the SEC took steps to advance both investor choice and investor protection. Now, the new SEC chair will have to determine if the former has gone too far in hindering the latter.
Fund directors may face several repercussions from the Securities and Exchange Commission’s proposal regarding fund disclosure, as evidenced by comments sent to the agency from asset managers and industry stakeholders.
The Securities and Exchange Commission is considering a major proposal that would dramatically change the disclosures that investors receive when investing in a mutual fund.
The DOL rule is cumbersome for plan sponsors and an opportunity for annuity sponsors, but it could be a lot more.
Given the current polarized political environment, I was thrilled to see a recent example of bipartisanship by the SEC in its announcement of the fund disclosure proposal.
The proposed rule comment period closed yesterday, and if the DOL is seeking to finalize ahead of the November elections, it is unlikely to make substantive changes in response to comment.
This year has brought a regulatory push to expand opportunities for ordinary investors to invest in asset classes that have been historically restricted to the wealthy and financially sophisticated.
Though this timeline will be a challenge for the industry, we agree with the SEC’s decision.
We expect the rule to make it harder for investors to influence management.
The SEC's regulation could give some firms a way to set themselves apart from the rest.
Morningstar responds to the potential expansion of private investments and suggests adjustments to regulatory standards.
A closer look at what we expect from compliance with the final rule.
What we told regulators about the SEC’s proposed rules.
In 2015, the U.S. Department of Labor proposed the “fiduciary rule,” a regulation aimed at mitigating conflicts of interest in investment advice and ensuring that brokers act in the best interests of their clients. After the 5th Circuit Court of Appeals struck down the DOL’s final rule last spring, the SEC proposed a new standard of conduct similarly aimed at addressing conflicts of interest in April. READ MORE