Closed-End Mutual Funds

FINRA has published guidance on its new marketing Rule 2210.  See

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


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