2 weeks ago
Retirement leaves empty seat on PFS Fund board
Allen Brown’s Sept. 6 retirement after 14 years overseeing the 13-fund series trust reduces board from four indies to three
Charges line up with Gensler 'fraud is fraud' guidelines of other cases, but don't answer board questions about what other risks to guard against
Departure of SEC enforcement chief Gurbir Grewal, associate director Carolyn Welshans are the first in what could be a flood of senior-level departures at the close of the Biden administration
SEC vows to stick to enforcement plan after departure of enforcement boss slammed for high fines, tough enforcement of off-channel communications, crypto, recordkeeping
Task force formed in 2021 disappeared in June following opposition to ESG and climate regulations from Congress, the courts and public companies
1 month ago
CEFs lose another tool to deter activists
SEC prohibits complex-wide standstill agreements used by CEF boards seeking ceasefires to delay activist campaigns
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
Explosion of AI use, retraction of SEC rule leaves fund boards wondering what risks to monitor in adviser use of AI for content, automation
Massachusetts is the first state to join the SEC in probing the potential of AI applications to cause conflicts of interest, but AI poses a much greater danger as well, Gensler continues to warn
