The SEC proposed amendments to performance fee and interval fund rules aimed at expanding retail investor access to private market strategies.
Financial Services Observer, published by Greenberg Traurig, LLP, focuses on legal and regulatory developments affecting the financial services industry. The blog covers topics such as regulatory oversight reports, systemic risk posed by non-bank financial institutions, SEC examination priorities, capital requirements for banks and non-bank lenders, and compliance issues related to broker-dealer registration and compensation structures. It provides analysis of regulatory frameworks, enforcement trends, and legislative changes impacting banks, non-bank financial institutions, investment funds, and market participants. The blog also addresses broader financial regulatory policy and risk management considerations relevant to financial services professionals and legal practitioners.
The SEC proposed amendments to performance fee and interval fund rules aimed at expanding retail investor access to private market strategies.…
On August 12, 2026, the SEC’s Division of Investment Management issued a No-Action Letter (the Letter) granting no-action relief to Franklin Templeton under Section 17(f) of the Investment Company Act of 1940 (the 1940 Act) and Rule 17f-2.…
On July 10, 2026, New York City Department of Consumer and Worker Protection (DCWP) finalized and adopted its “Click-to-Cancel Rule,” which takes effect on Oct. 1, 2026.…