The Congressional Research Service described regulatory policy and financial stability concerns regarding hedge fund activities.
In an annual report, the SEC Division of Examinations identified current risks for investors and registrants and highlighted key areas for examination in 2024.
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.
Eric J. Pan, President and CEO of the Investment Company Institute expressed dismay with a rapid and seemingly disjointed approach to SEC rulemaking.
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.