Investors, Securities and Exchange Commission (SEC), Closed-End Funds

SEC Formalizes and Expands Guidance Increasing Retail Access to Private Funds

Alston & Bird on 8/19/2025

Our Investment Funds Team explains the Securities and Exchange Commission new guidance that expands retail investor access to private funds by relaxing previous restrictions....more

Gone With the Wind? Closed-End Funds Risk Extinction

Carlton Fields on 10/8/2024

Shares of SEC-registered closed-end funds (CEFs) have long held significant potential advantages for some investors. For example, unlike shares of mutual funds (which are open-end funds), CEF shares cannot be redeemed by the...more

Financial Services Weekly Roundup: SEC Proposes Modified Disclosure Framework For Funds

Goodwin on 8/14/2020

In the News. The Securities and Exchange Commission (SEC) proposed modifying the disclosure framework for mutual funds and exchange-traded funds (funds), which would create a new layered disclosure regime that attempts to...more

New Cayman/BVI Registration Requirements for Private Funds and Open-ended Funds

Foley Hoag LLP on 6/9/2020

Earlier this year, the Cayman Islands introduced new registration requirements for: • Closed-end funds known as “private funds; and • Open-ended funds known as “limited investor funds” that were previously exempt from...more

SEC Issues Concept Release on Harmonization of Securities Offering Exemptions

Sullivan & Worcester on 6/20/2019

The SEC yesterday requested public comment on ways to simplify, harmonize, and improve the exempt offering framework to expand private investment opportunities while maintaining appropriate investor protections and to promote...more

Investment Services Regulatory Update - February 2018

Vedder Price on 2/13/2018

New Rules, Proposed Rules, Guidance and Alerts – SEC STAFF GUIDANCE AND ALERTS - SEC Staff Issues Guidance on Cryptocurrency-related Holdings - On January 18, 2018, the staff of the SEC’s Division of Investment...more

FinCEN's Recently Proposed AML Rule: A Road Map for SEC-Registered Investment Advisers

Troutman Pepper on 10/2/2015

The U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) published a notice of proposed rulemaking (the Proposed Rule) on September 1, 2015 that would impose anti-money laundering (AML) requirements for investment...more

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