Transfer Agent Advisory Content

Earlier this week, the SEC announced its settlement of enforcement actions against 15 broker-dealers and one investment adviser for failing to comply with recordkeeping requirements to maintain and preserve certain "off-channel communications."

Earlier this week the SEC charged investment adviser Toews Corporation (the "adviser") with violations of the Advisers Act and the proxy voting rule thereunder in connection with the adviser's proxy voting-related conduct.

On September 20, 2022, the SEC settled an enforcement action against a dually-registered broker-dealer and investment adviser for violating Regulation S-P by failing to ensure the proper disposal of customers' non-public personal information (NPPI) when it decommissioned various...

In July, the SEC proposed amendments to Rule 14a-8 (the shareholder proposal rule) by a 3-2 vote.

The next meeting of the Investment Company Institute's (ICI) TAAC will be held on Monday, November 7 from 1:00 p.m. to 5:00 p.m. CT and on Tuesday, November 8 from 9:00 a.m. to 1:00 p.m. CT in conjunction with ICI's Technology Summit.

As you may recall, in June 2022, the Institute filed suit against the California Department of Financial Protection and Innovation (DFPI) to challenge the Department's authority to increase the notice filing fees it imposed on investment companies.

The 2022 primary layout has been designed to "track" IRS Form 1099-DIV. The 2022 secondary layout provides a format for RICs to use in reporting various additional tax-related items.

Yesterday, the SEC's Division of Enforcement announced the settlement of enforcement actions it brought against three firms: two dually-registered as a broker-dealer and investment adviser and one broker-dealer.

Last week, the SEC proposed amendments to Rule 14a-8 (the shareholder proposal rule) by a 3-2 vote.

[34223] July 14, 2022 TO: ICI Members Investment Company Directors SUBJECTS: Compliance Disclosure ESG Fund Governance Intermediary Oversight Investment Advisers Operations Transfer Agency RE: SEC Amends its 2020 Proxy Advice Amendments Yesterday, the SEC adopted changes to its 2020...