On November 25, 2019, the Securities and Exchange Commission (SEC) re-proposed Rule 18f-4 (“Rule 18f-4”) under the Investment Company Act of 1940, as amended (“1940 Act”). Rule 18f-4, if adopted, ...
A split Securities and Exchange Commission Wednesday approved a rule to limit the use of derivatives in investment funds that drew dissent from Democratic members who said it does not adequately ...