By Jill Gregorie June 13, 2018 – Portfolio managers will play a critical role in shops’ efforts to comply with the so-called “bucketing” provision of the SEC’s 2016 liquidity rule, lawyers and consultants say.
By Joe Morris June 13, 2018 – BNY Mellon has adopted a new platform for communicating mutual fund data to industry clients. Effective today, the firm is processing fund-related notifications including product rollouts, mergers, liquidations, accounting changes and trade rule updates via FundBlast, operated by Columbus, Ga.-based Delta Data.
By Jill Gregorie May 16, 2018 – Shops and their distributors are scrambling to meet the SEC’s June 12 deadline to volunteer information about instances in which they overcharged investors in exchange for amnesty from the regulator’s enforcement unit.
By Whitfield Athey April 25, 2018 – The industry’s move to an email-based system has been the only minor update to the blast fax infrastructure in the last 30 years with regards to communicating fund changes and events. The mutual fund industry is rooted in a complex data set and has embraced its own way of processing data.
By Wei-Shen Wong February 9, 2018 – FundBlast will serve all parties involved in the fund action lifecycle, including fund companies, broker-dealers, and fund service providers such as transfer agents, fund accountants, and record-keepers.
By Bradley Saacks February 8, 2018 – By Delta Data’s estimates, the typical broker-dealer sifts through more than 21,000 e-mails every year, piecing together information about changes to funds ranging from portfolio manager retirements to breakpoint tweaks.
By Jill Gregorie December 12, 2017 – As regulators rely more and more on tech tools to detect violations and potential weaknesses in fund shops’ compliance programs, CCOs and their teams are focused attaining the programs and skills needed to aggregate and analyze data.
By Whitfield Athey July 20, 2017 – Finra has been cracking down on advisors’ share class selection in retirement and charitable accounts.
By Jill Gregorie June 1, 2017 – As the nature of fee arrangements between fund manufacturers and distributors grows increasingly complex, so do the compliance concerns around monitoring them.
By Jill Gregorie May 15, 2017 – Operations and compliance teams racing to prepare for new SEC reporting requirements that take effect next year may have headaches now, but shops that do it well stand to reap big rewards long- term.
By Peter Ortiz January 14, 2016 – While the SEC’s new guidance on mutual fund distribution and sub-accounting fees goes a long way toward helping fund directors and advisors deal with a murky area, it falls short in one crucial way, according to industry attorneys and consultants.
By Peter Ortiz October 15, 2015 – The first enforcement case to come from the Securities and Exchange Commission’s longstanding investigation into fees paid by fund shops to intermediaries did little to clarify the murky line between what the regulator might consider to be shareholder servicing and what qualifies as marketing activities.