• 01.24.2020
    Second Circuit Provides Easier Path for Criminal Insider Trading Cases
    The U.S. Court of Appeals for the Second Circuit issued an opinion in United States v. Blaszczak on December 30, 2019 that could significantly affect the prosecution of criminal insider trading cases.
  • 11.2019
    Duties of Trustees in a Shrinking Asset Environment

    The Investment Lawyer, VOL. 26, NO. 11

    In August 2019, investments in passive funds surpassed those in traditional actively managed funds for the first time. According to Morningstar, assets in index-tracking US equity funds grew to about $4.27 trillion, compared with almost $4.25 trillion in funds managed by active managers.
  • 10.23.2019
    SEC Scrutiny of Advisers’ Share Class Selection, Revenue Sharing and Disclosure Practices Continues Apace
    Over the past several years, U.S. Securities and Exchange Commission (SEC) enforcement activity has eroded the stability of the once-standard lineup of share classes available to mutual fund investors.
  • 08.29.2019
    SEC Issues Guidance and Interpretation Aimed at Proxy Voting
    The SEC held an open meeting on August 21, 2019, and approved two items: (1) guidance regarding the proxy voting responsibilities of investment advisers under the Investment Advisers Act of 1940 and related proxy voting disclosures required under the Investment Company Act of 1940; and (2) interpretation and guidance on the applicability of rules on proxy voting advice under the Securities Exchange Act of 1934. 
  • 08.20.2019
    2019 Corporate Governance Hot Topics

    The following update highlights recent corporate governance hot topics and trends for directors of public companies.