MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, January 13, 2017 White Sets the SEC's Sights on Wrap Fees, ETFs, and More Wrap fees, ETFs, roboadvisors, money market mutual funds, and transfer agents are all in the SEC's sights this year ... at least for now.
Yet there's no word on what take Jay Clayton, President-elect Donald Trump's pick to replace White, has on OCIE's 2017 priorities. White even specifically calls out "automated investment advice" (i.e. roboadvisors) as one of the "new forms of technology" the agency will be evaluating. (Personal Capital, a Silicon Valley startup that markets against roboadvisors, promptly issued a statement that it has already been examined by the SEC.) Amy Lynch, president and founder of FrontLine Compliance, reminds InvestmentNews that the SEC under Trump might not have the same priorities. The trade publication notes that this is the first time that the SEC has specifically targeted roboadvisors in its examination priorities. Reuters also covered OCIE's 2017 priorities, focusing on the SEC's interest in evaluating how money market funds are doing with the reforms that finished taking effect last fall. P&I also reported on the news. Printed from: MFWire.com/story.asp?s=55525 Copyright 2017, InvestmentWires, Inc. All Rights Reserved |
