The SEC set an effective date of December 11, 2023 for rule amendments that prevent investment companies from adopting names that may mislead investors. The date was published in the Federal Register.
News & Insights
An investment adviser settled charges with the SEC for (i) misleading investors as to its ESG-related practices and (ii) failing to implement an AML program specific to its mutual funds business.
The SEC adopted rule amendments to prevent investment companies from adopting names that may mislead investors.
In its 2022 Annual Report, the Financial Stability Oversight Council offered recommendations touching on (i) digital assets, (ii) climate-related financial risks, (iii) investment fund disclosure, (iv) Treasury markets, (v) cybersecurity and (vi) LIBOR transitions.
SEC Commissioner Mark T. Uyeda criticized the SEC's rulemaking agenda for investment advisers and investment funds as being overly prescriptive, costly and failing to effectively address concerns raised by market participants.