Luis Berruga becomes fifth member of former rival’s ETF board
Situations can get awkward when fiduciary duty conflicts with ego, experts say
Investor behavior expert Stefan Nagel replaces George Constantinides, who retired at the end of 2023
Institutional prime or tax-exempt MMFs have liquidated or converted to avoid the complicated requirement as SEC deadline approaches
Kathryn Burns replaces Neal Andrews, who resigned after just four months
Commission revives N-PORT changes from swing-pricing rule, making asset reports monthly rather that quarterly, making disclosures public after 60 days
SEC to vote Aug. 28 on accelerated N-PORT reporting, “guidance” on fund liquidity management programs
Former audit chair Gregory Russo retires after 16 years
Explosion of AI use, retraction of SEC rule leaves fund boards wondering what risks to monitor in adviser use of AI for content, automation
Trustees want to hear more from advisers about how they define words like “growth” and “value” that could leave them liable under the updated SEC names rule
