The SEC proposed a new rule and several amendments that would "streamline and enhance" the regulatory framework of mutual funds investing in shares of another fund.
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SEC Division of Investment Management Director Dalia Blass described the principles underlying SEC initiatives to improve investor protections and the regulation of mutual fund boards.
In testimony before the U.S. House Committee on Financial Services, SEC Division of Investment Management Director Dalia Blass outlined the underlying aims of the Division's policy initiatives.
In testimony before the U.S. House Committee on Financial Services, SEC Chair Jay Clayton outlined priorities for the agency and reviewed recent accomplishments.
The SEC Division of Investment Management allowed mutual funds and their SEC-registered transfer agents to delay the disbursement of proceeds from the mutual fund accounts of vulnerable adult shareholders if financial exploitation is suspected.