Open-Ended Mutual Funds

FINRA has published guidance on its new marketing Rule 2210.  See http://www.finra.org/Industry/Issues/Advertising/P197604

FINRA has indicated that retail communications that will now be subject to this filing requirement has to be filed


Continue Reading BDs Remember to File Marketing Material

Recently, in a settled SEC enforcement action, a mutual fund manager allegedly used an option strategy, but the SEC believed it was more speculative than hedging.  See http://www.sec.gov/litigation/admin/2012/33-9377.pdf.

The

Continue Reading What’s in a Name? Speculation, Hedging, They Are Not the Same Thing