...Vadim Avdeychik; Justin Capozzi Purpose This paper aims to provide an overview of recent US Securities and Exchange Commission (SEC) Division of Investment Management staff (“Staff”) guidance related to investment funds registered under the Investment Company Act of 1940 that seeks to provide...

... of Section 12(d)(1)(E) of the Investment Company Act of 1940. Design/methodology/approach This article discusses the various conditions that a non-US investment company investing as a foreign feeder in a US registered open-end management investment company must satisfy in order to avoid complying...

... 2017 Seward & Kissel LLP Licensed re-use rights only Investment advisers Investment Company Act of 1940 US Securities and Exchange Commission (SEC) Pay-to-Play Rule On January 17, 2017 the US Securities and Exchange Commmission (SEC) announced that ten investment advisory firms...

...Rachael Leah Schwartz; Domenick Pugliese; Marguerite Bateman; Kimberly Vargo Purpose To provide an overview of the US Securities and Exchange Commission’s (SEC) recently adopted rule 22e-4 (Rule 22e-4) under the Investment Company Act of 1940, as amended (1940 Act) regarding investment company...

...Eben Colby; Thomas DeCapo; Kenneth Burdon; Aaron Morris Purpose To analyze the August 2016 court decision in Sivolella v. AXA Equitable Life Ins. Co. and its implications for cases concerning mutual fund advisory fees under Section 36(b) of the of the Investment Company Act of 1940. Design...

...-dealers under the Securities Exchange Act of 1934, as investment advisers under the Investment Advisers Act of 1940 and as investment companies under the Investment Company Act of 1940, and how peer lending platforms are structured to take into account the laws that govern online transactions, consumer...