US Securities and Exchange Commission-level disclosure known as N-PORT, which covers portfolio holdings, should be expected by managers in Europe as regulatory developments continue in the region, according to Neill Vanlint, managing director, Global Sales & Client Operations at GoldenSource. The comment came following the announcement that Jackson National Asset Management had selected GoldenSource to provide […]
The 10 years since the credit crunch and subsequent financial crisis have seen the regulation of investment managers greatly increased. Until now, US regulators have tended to lead the way, with their European counterparts following on. So what can European asset managers glean from the US experience in terms of what the U.S. industry has […]
Mary Jo White has announced her departure as chair of US regulator Securities and Echange Commission (SEC) as of January 2017, with the responsibility to appoint her successor falling on newly elect US president Donald Trump. While White (pictured in the middle) stressed that she had planned her departure prior to Trump’s election, the personnel […]
Comgest, the independent asset manager headquartered in Paris, has obtained US Securities and Exchange Commission registration that will enable it to offer portfolio management services to US clients. The change means that its existing Boston office, which currently does investment research, will become a hub for US investor relations activiteis. Two additional appointments have been […]
The Securities and Exchange Commission (SEC) has allegedly prepared new charges against Credit Suisse, which is said to have misled investors on net new asset growth. The Securities and Exchange Commission has not yet confirmed the launch of a new investigation, however, speaking to InvestmentEurope, a spokesperson for Credit Suisse referred to the Group’s 2014 […]
The UK Financial Conduct Authority increased its regulatory penalties by 2.5x in 2014, taking the total paid out by the financial services industry to £1.4bn (€2bn), according to a report published by Kinetic Partners, a division of Duff & Phelps. Other key points noted include: • Individuals were fined a total of £2.9m by the […]
US investors who may be finding access to wealth management more difficult in light of issues such as Fatca are being targeted by a new Swiss website focused exclusively on this client segment. Where Americans are Welcome lists Switzerland based SEC registered investment advisers, as well as providing information and links on lawyers, tax advisers, […]
The Securities and Exchange Commission (SEC) today announced that John J. Cross III, director of the Office of Municipal Securities, will leave the agency in November to rejoin the agencies Tax Policy Office. Cross has been the first director of the office of Municipal Securities which was established under the 2010 Dodd-Frank Act to oversee […]
California-based investment manager Pimco has confirmed that it is being investigated by the Securities and Exchange Commission (SEC), the firm is accused of having artificially boosted the performance of its Pimco Total Return ETF. The $3.6bn ETF fund is managed by Pimco’s founder, managing director and CIO Bill Gross (pictured). The SEC is investigating whether Pimco […]
Analysis by Aite Group has pointed to a growing desire by Switzerland based wealth managers to reconnect with US clients, following a number of years in which regulatory and fiscal developments made this difficult.
Buy-side frustrations with the post-crisis regulatory landscape were aired at Risk’s OTC Derivatives Clearing Summit in New York, with speakers from both the Federal Reserve and the Securities and Exchange Commission (SEC) promising greater clarity in the coming months.
Dan Waters, managing director of ICI Global, has commented on the increasing focus at the US Securities and Exchange Commission on global regulatory issues.