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Japan's Council of Experts - Stewardship Code: 227 Institutional Investors Have Signed Up To The Principles For Responsible Institutional Investors As Of April 5, 2018

Date 06/04/2018

The Council of Experts Concerning the Japanese Version of the Stewardship Code (Chairman: Professor Hiroyuki Kansaku, University of Tokyo Graduate Schools for Law and Politics) published the Principles for Institutional Investors (Japan’s Stewardship Code) on February 27, 2014.

New York Attorney General Schneiderman Releases New Report On Mutual Fund Fees, Announces Agreement By 13 Major Firms To Make New And Enhanced Disclosures To Retail Investors Following Industry-Wide Investigation - Disclosures Will Affect 400 Actively Managed Mutual Funds- U.S. Mutual Funds Currently Manage Over $16 Trillion In Net Assets Nationwide - A Releases Report Finding Mutual Fund Firms Gave Unequal Access To Important Information About Actively Managed Funds; Firms Commended For Agreeing To Publish The Information For All Investors - AG Schneiderman: Firms Must Ensure That All Investors Have The Same Access To Information About Their Investment Options

Date 06/04/2018

Attorney General Eric T. Schneiderman announced that after an industry-wide investigation into mutual fund disclosures and fees, 13 major mutual fund firms—including those run by some of the largest players in the mutual fund industry—have agreed to voluntarily publish important information about their mutual funds to all retail investors. Under the agreements announced today, the firms will disclose new information that can help retail investors determine whether a higher-cost, actively managed mutual fund fits their investment goals better than another, lower-cost alternative.

SEC Issues Agenda For April 9 Meeting Of The Fixed Income Market Structure Advisory Committee

Date 05/04/2018

The Securities and Exchange Commission today released the agenda for the Fixed Income Market Structure Advisory Committee meeting, which will be held on April 9, 2018 beginning at 9:30 a.m. ET. The Commission established the advisory committee to provide a formal mechanism through which the Commission can receive advice and recommendations on fixed income market structure issues.

SEC: Statement On Passing Of Enforcement Division Associate Director Scott W. Friestad

Date 05/04/2018

Enforcement Division Associate Director Scott W. Friestad passed away Wednesday, April 4, 2018. He served as an Associate Director in the Division of Enforcement beginning in March 2005, having left private practice to join the SEC in 1995.

CME Group Announces All-Time Overall And Non-U.S. Hours Agricultural Daily Volume Records

Date 05/04/2018

CME Group, the world's leading and most diverse derivatives marketplace, today announced that a record 3,002,818 agricultural futures and options contracts traded yesterday, April 4, 2018 - surpassing the 3 million milestone for the first time.  The company also reported that a record 778,841 agricultural futures and options contracts traded yesterday outside of U.S. trading hours, nearly double the previous daily non-U.S. volume record set in April 20

SEC Awards More Than $2.2 Million To Whistleblower Who First Reported Information To Another Federal Agency Before SEC

Date 05/04/2018

The Securities and Exchange Commission today announced a whistleblower award of more than $2.2 million to a former company insider whose tips helped the agency open an investigation that led to an enforcement action.  The whistleblower first reported the information to another federal agency and later provided the same information to the SEC. 

CalPERS Names Beth Richtman Managing Investment Director Of Sustainable Investments

Date 05/04/2018

The California Public Employees' Retirement System today announced that Beth Richtman has been selected as Managing Investment Director of the Sustainable Investment Program.

SEC: Joel R. Levin Named Director Of Chicago Regional Office

Date 05/04/2018

The Securities and Exchange Commission today announced that Joel R. Levin has been named Director of the Chicago Regional Office.  He will join the agency next month.

SEC Charges Medical Device Company The Eye Machine And Founder Pocklington With Fraud

Date 05/04/2018

The Securities and Exchange Commission today charged convicted felon and former NHL team owner Peter H. Pocklington, his medical device company, and others with defrauding investors by hiding Pocklington’s recidivist history and by misappropriating investor funds.  

ESMA: Open Hearing On Securitisation Repositories

Date 05/04/2018

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