6 hours ago
SEC names Daly to replace Greiner at DIM
SEC announces fund lawyer Brian Daly will lead Investment Management as part of Atkins-appointed shift toward leaders with little experience as regulators
Delay eases pressure on private-fund advisers but threat to reconsider disclosure rules could put investors, due process at risk, opponents warn
2 days ago
SEC drops CEF private-fund barrier
Policy change is an easy way to open retail access to private funds, but doesn't address issues about investor education or risk
Announcement that Greiner will leave July 4 comes days after her speech outlining ways the agency already gives retail investors access to private markets
Fund directors should consider how the flaws of ETFs could affect mutual funds and vice versa, and look at the specific potential problems specific to each fund before jumping on the ETF share-class bandwagon
SEC conference panelists echo conflict in arguments by SEC commissioner Peirce, DIM director Greiner
Tax efficiency, trading ease drives ETF/CEF growth; mutual-fund AUM grows 9% as number of active funds declines
Big policy changes leaves interpretation and exam/enforcement decisions unclear for SEC staff still adapting to drastically changed outlook under Atkins
Holli Ladhani, Michael Mears step into single-fund board as Anne Costin and Albert Richey step away
Longtime CPA, business consultant Phillip Kennedy, joined Buffalo board in 1995
