The Securities and Exchange Commission today announced that Investor Advocate Rick A. Fleming will depart the agency after more than eight years of service. Mr. Fleming was appointed in February 2014 to be the first director of the Office of the Investor Advocate at the Commission. “We thank Rick for building the Office of the […]
Author: admin
FCA planning reform of the listing regime to boost growth and competitiveness
In a paper published today, the FCA is continuing its discussion on how it can make the listing regime, the rules companies must follow to be allowed to list their shares in the UK, more effective, easier to understand and more competitive. Under one of the FCA’s suggestions, companies wishing to list in […]
SEC Proposes to Enhance Disclosures by Certain Investment Advisers and Investment Companies About ESG Investment Practices
The Securities and Exchange Commission today proposed amendments to rules and reporting forms to promote consistent, comparable, and reliable information for investors concerning funds’ and advisers’ incorporation of environmental, social, and governance (ESG) factors. The proposed changes would apply to certain registered investment advisers, advisers exempt from registration, registered investment companies, and business development companies. […]
SEC Proposes Rule Changes to Prevent Misleading or Deceptive Fund Names
The Securities and Exchange Commission today proposed amendments to enhance and modernize the Investment Company Act “Names Rule” to address changes in the fund industry and compliance practices that have developed in the approximately 20 years since the rule was adopted. A fund’s name is an important marketing tool and can have a significant impact […]
SEC Halts Alleged Ongoing $39 Million Fraud by Hedge Fund Adviser
The Securities and Exchange Commission today announced fraud charges against Detroit-based EIA All Weather Alpha Fund I Partners LLC (EIA) and its sole owner, Andrew M. Middlebrooks, for allegedly engaging in a multi-year scheme that included the misappropriation and misuse of investors’ funds. To halt this alleged ongoing fraud, the SEC sought, and on May […]
Jury discharged in insider dealing trial without a verdict
After failing to reach a verdict in a trial at Southwark Crown Court brought by the Financial Conduct Authority (FCA), the jury was discharged. The FCA will now consider whether to seek a re-trial of Stuart Bayes and Jonathan Swann for insider dealing. Original Article Here
Questions related to Regulation (EU) 2019/2088 on SFDR
Download PDF Original Article Here
Letter from the European Commission on Questions and Answers pursuant to article 16b(5) of Regulation (EU) No 1095/2010
Download PDF Original Article Here
SEC Charges RiverSource Distributors with Improper Switching of Variable Annuities
The Securities and Exchange Commission today announced settled charges against RiverSource Distributors Inc. for improper switching or replacing of variable annuities. This is the SEC’s first-ever enforcement proceeding under Section 11 of the Investment Company Act of 1940. Section 11 of the Investment Company Act prohibits any principal underwriter from making or causing to be […]