Money market funds will have to disclose on a delayed basis their fluctuating “shadow” net asset values rather than their $1-per-share value, thanks to a rule that the SEC adopted last week.
A proposal that would require brokers providing advice to be regulated as RIAs may be dropped from financial reform legislation, according to consumer groups and state securities regulators.
The Managed Funds Association has formed an alliance with the Connecticut Hedge Fund Association as part of its efforts to unite with regional hedge fund associations.
The requirement that brokers who provide advice be regulated as registered investment advisers may be dropped from financial-reform legislation being considered by the Senate Banking Committee, according to consumer groups and state securities regulators.
Senate Banking Committee Chairman Christopher Dodd's decision to retire could allow him to push through proposals to bring brokers under traditional fiduciary standards.
The Labor Department by the end of the month is likely to issue new rules governing investment advice given to 401(k) plan participants, Assistant Labor Secretary Phyllis Borzi said last week.
Retail funds, pensions, endowments and other investors will face higher costs and lower returns if regulations requiring public disclosure of short sales are adopted, according to a study published today by the Managed Funds Association.
A recent round-table discussion sponsored by <i>InvestmentNews</i> demonstrated that there is still a wide divide between advisory and brokerage groups over establishing a uniform fiduciary standard.
The Securities and Exchange Commission plans to inspect just 9% of the 11,000 investment advisory firms that it oversees — the same percentage of firms it expects to examine this year.
