Archive
Registration
Prospectus and SAI
Schapiro: SEC’s Role in Corporate Governance
October 20, 2010
In a recent address before the NACD Annual Corporate Governance Conference, SEC Chairman, Mary L. Schapiro set out her thoughts on the role of the SEC in regulating corporate governance. Schpiro prefaced her remarks by recognizing that the role of directors has become increasingly complicated,… read more
SEC Enforcement Unit Focuses on Funds
September 27, 2010
During his testimony last week before the Senate Judiciary Committee, SEC Enforcement Division chief, Robert Khuzami, stated that his division's recently created an Asset Management Unit had its eyes on disclosure, performance, and valuation by funds and their advisers. Our Asset Management Unit, focused on mutual… read more
Registered Investment Companies and Commodity Pool Operators
September 02, 2010
The National Futures Association ("NFA") has petitioned the Commodity Futures Trading Commission to amend its rules in a way that would make some registered investment companies "commodity pool operators." Under current CFTC rules, registered investment companies are generally excluded from the definition of "commodity pool… read more
SEC Issues Guidance on Fund Derivatives Disclosures
August 04, 2010
On July 30, 2010, Barry Miller, Associate Director in the SEC's Division of Investment Management, sent a letter to the Investment Company Institute providing guidance on derivatives related disclosures by investment companies. According to the letter, the guidance is being provided prior to the completion… read more
ABA Publishes Recommendations for IC Use of Derivatives
July 20, 2010
At the 2009 Spring Meeting of the Business Law Section of the American Bar Association in Vancouver, Andrew J. Donohue, Director of the SEC's Division of Investment Management, challenged the ABA's Subcommittee on Investment Companies and Investment Advisers to address some specific concerns about investment… read more