Here are a few important things that happened in 1961. John F. Kennedy was sworn in as US President, Yuri Gagarin became the first human in space, the Berlin Wall began construction, and Pampers brought out the first ever disposable … Continue reading SEC Revamps Advertising Rules for the Digital Age
“You can please some of the people all of the time, you can please all of the people some of the time, but you can’t please all of the people all of the time.” – John Lydgate The US Securities … Continue reading SEC Proxy Voting Rules Splits Industry in Two
Following the US Security and Exchange Commission’s (SEC) approval of Precidian’s Active Shares model in May, four semi-transparent ETF structures were just yesterday given notice of approval by the SEC. The new ETF structures could herald a new era of … Continue reading New Wave of Active ETFs Shield the Secret Sauce
Regulators on both sides of the Atlantic are tightening liquidity rules for investment funds with the primary focus on whether or not fund portfolios can keep their promise of daily liquidity to their fund investors at all times. We have … Continue reading Top Down, Bottom Up: The Topsy-Turvy World of Fund Liquidity
Renowned US economist Milton Friedman once famously declared that public companies exist solely to serve their shareholders. Last week, Friedman may have been rolling in his grave. The CEOs of the 192 largest public corporations in the US delivered a … Continue reading Short-Termism: Regulators Assess Investment Horizons
After more than a decade of policy debates, yesterday was a red-letter day for the US asset management and broker-dealer industries. The US Securities and Exchange Commission (SEC) voted 3-1 to approve Regulation Best Interest, a set of rules aimed … Continue reading SEC Votes in Favor of Regulation Best Interest But Will This Be Their Final Answer?