Fund boards must approve the change, but must also keep a close eye on differences in cost allocation and the potential for cross-subsidization, IDC guide said
SEC framework still evolving; IDC recommends close board oversight of ETF/mutual-fund share conflicts, monitoring, resolution plans with advisers
Investor-side consultant with 401(k) strategy, governance expertise named to seat held by former retail exec since 2015
Association representing independent directors adds industry veterans Fran Cashman, Jody Foster and Julian Sluyters to leadership group
The nearest-term, highest-priority announcement, approval of ETF share-class exemption, won't go into effect until after comment period
IDC, IAA and NSCP are pushing to change definition of a "small" adviser, ditch paper-only report distribution and launch a group to advise the SEC about compliance problems
Allowing staff to use AI tools, and checking for problems later, may be more effective than trying to keep them from using unapproved AI in the first place
Throwing retail investors into private markets, without additional safeguards, means many will be taken for a ride rather than simply having more opportunities opened to them, Crenshaw says
If retail investors should have access to private funds, that access should be filtered through the protections built into '40 Act registered funds, SEC Investor Advisory Committee concluded
Easing 17a-7 restrictions introduced with valuation rule could add flexibility for funds, save billions in transaction fees to benefit shareholders, according to fund-board advocates
