The Securities and Exchange Commission (Commission) delivered its long-promised and needed update to guidance on determining the fair value of securities under the Investment Company Act of 1940 (1940 Act) on April 21, 2020....more
The SEC’s Division of Investment Management issued a no-action letter on January 11, 2017 explicitly permitting brokers to set their own commission rates for sales of so-called “clean shares” of mutual funds. Previously, as...more
1/24/2017
/ Brokers ,
Department of Labor (DOL) ,
Division of Investment Management ,
Fiduciary Rule ,
Financial Institutions ,
Financial Markets ,
Investment Company Act of 1940 ,
Mutual Funds ,
No-Action Letters ,
Offerings ,
Sales Commissions ,
Securities and Exchange Commission (SEC)