In its 2023 Annual Report, the SEC Office of the Investor Advocate detailed its Fiscal Year 2023 efforts on investor outreach, responding to investor inquiries, and engaging in substantive research on (i) registered index-linked annuities and (ii) mandatory arbitration clauses in investment advisory agreements.
News & Insights
The SEC Division of Investment Management issued guidance on the use of fee waiver and expense reimbursement arrangements that result in differing advisory fees for different share classes of the same fund.
The SEC opened a new comment period to consider whether to approve a FINRA proposal that would amend the Code of Arbitration Procedure for Customer Disputes and the Code of Arbitration Procedure for Industry Disputes to impose additional requirements for expunging customer dispute information.
In an Investor Bulletin, the SEC Office of Investor Education and Advocacy offered guidance to customers on the use of arbitration to resolve disputes with their broker-dealers.
The SEC requested comment on the potential money market fund reform measures outlined in the President's Working Group of Financial Markets December 2020 report.