The New Reality: Valuation in a Volatile Market
This article by Todd J. Ohlms, Jonathan M. Weiss, and Adam L. Deming, of Proskauer Rose LLP discusses certain valuation challenges.
April 12, 2023
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The Chief Accountant of the SEC’s Division of Investment Management has issued a “Dear CFO Letter” to assist funds, advisers, and their independent public accountants “in addressing certain accounting, auditing,...
May 04, 2021
SEC Investment Management Seeks Input on Cross Trading Rule Amendments
The SEC’s Division of Investment Management staff is considering amending Investment Company Act Cross Trading Rule 17a-7 and is requesting recommendations for ways to address valuation challenges that have evolved...
March 24, 2021
The SEC has approved an order from an alternative registered investment company (fund) to suspend redemptions due to the fund’s inability to value swaps in the fund’s portfolio, and therefore,...
March 01, 2021
Pricing Data Services Company Pays $8 Million to Settle Compliance Failure Charges
The SEC has fined a registered investment adviser that provides global securities pricing and evaluations to its advisory clients through subscription options for failing to adopt and implement written policies and procedures...
January 05, 2021
SEC Investment Management Director Blass Discusses Regulating for the Future
Using money market funds and exchange-traded funds (ETFs) as case studies, the SEC’s Division of Investment Management Director Dalia Blass discussed in a recent speech the Division’s philosophy of forward-looking...
October 05, 2020
Comments on SEC Fair Value Proposal
The IAA generally supported the proposal but recommended more flexibility regarding the reporting requirements, making the definition of “readily available market quotation” reflect current valuation practices, and flexibility for a fund board to assign the fair value determination to the fund’s primary adviser or sub-adviser.
July 21, 2020
SEC Examination of Pricing of Certain Difficult-to-Value Investment Products Held by (Redacted)
SEC Examinations
May 29, 2009