funds Archives - The Industry Spread

SEC Charges New Defendant in $43 Million Tribal Bonds Scheme

June 29, 2019

The Securities and Exchange Commission today charged a Los Angeles man for his role in a fraudulent tribal bonds scheme to gain undisclosed control over two registered investment advisers so that he, his partner, and their associates could steal $43 million of client funds they purported to invest in Native American tribal bonds. 

Broadridge to Launch Investor Voting App

April 15, 2019

The Investor Voting App, which builds on the firm’s mobile voting feature launched in 2011, allows investors to vote directly and receive important regulatory and educational information relating to corporate direction.

New SEC Campaign Educates Investors on Where and How to Get Answers

April 14, 2019

The Securities and Exchange Commission today unveiled a public service campaign to empower Main Street investors to take control of their financial future. New SEC Campaign Educates Investors to use the free tools and unbiased information available on the SEC’s online resource for investor education−Investor.gov−to get answers to their questions about investing.

Marketing of Funds in Norway in Case of a No-Deal Brexit.

April 11, 2019

The UK will become a third country in relation to EU-rules if it withdraws from the EU without a deal (“hard Brexit” or ” no-deal Brexit “). Fund management companies based in third countries are not eligible for the notification regime (passporting) for marketing, as set out in the UCITS and AIFMD directives. Marketing of funds associated with third countries in Norway requires authorisation from Finanstilsynet.

Broadridge Launches Securities Lending Assessment Solution for Mutual Funds

April 6, 2019

The solution is currently being used by a number of clients including a tier-one global investment manager. Broadridge Financial Solutions has launched its firm-specific fund-by-fund comparative securities lending assessment solution for mutual fund companies and the boards that oversee their funds.