The President's Working Group on Financial Markets reviewed money market fund performance during the COVID-19 pandemic and provided a number of "potential policy measures to increase the resilience of prime and tax-exempt money market funds."
News & Insights
An SEC final rule on exemptions for mutual funds, exchange-traded funds, registered closed-end funds and business development companies when entering into derivatives transactions was published in the Federal Register.
The SEC adopted a final rule on exemptions for mutual funds, exchange-traded funds, registered closed-end funds and business development companies when entering into derivatives transactions.
A broker-dealer settled FINRA charges for failing to establish and maintain adequate supervisory systems on private placements for contingency offerings.
The staff of the SEC Division of Investment Management withdrew 2010 guidance which reviewed the permissibility of an SEC-registered, closed-end fund determining to opt in to a control share acquisition statute authorized under state law.