It has been over two and half years since the Securities and Exchange Commission (SEC) staff last released its “Dear CFO Letters,” which provide non-authoritative, yet helpful and transparent commentary directed toward chief financial officers. Their guidance generally relates to...
Read MoreCohen & Co has been recognized as the “Best ETF Auditor” by the ETF Express U.S. Awards for the third consecutive year.
Read MoreIn our current volatile market, there is a greater likelihood that events occurring after the close of foreign markets, but prior to the close of U.S. markets, will impact the valuation of securities. Specifically, funds that invest in international securities could be subject to market timers...
Read MoreIn October 2022, the SEC adopted new rule and form amendments that, in part, required mutual fund and exchange-traded fund (ETF) managers to provide investors with a Tailored Shareholder Report (TSR). The goal is to provide a more concise and digestible format to retail investors, specific to...
Read MoreI recently participated in an ACA webinar created for ICI Investment Management Conference attendees on the regulatory, financial, operational and distribution requirements of exchange-traded funds (ETFs). Alongside Joseph Higgins and Steve Feinour, we covered:The ETF ecosystemDifferences between...
Read MoreRecently, Cohen & Co participated in an ETF Bootcamp event for the investment industry, “Building a Successful ETF Business.” Our panel discussion covered many topics, ranging from reasons to enter the ETF business, including tax benefits of the ETF structure, distribution...
Read MoreAs the digital asset and registered fund spaces continue to intersect — with the first Bitcoin (BTC) regulated fund launching just over a year ago — there is much to sort through and many ongoing lessons to learn as to which products make sense for which types of investors. From...
Read MoreOn November 2, 2022, the SEC proposed significant amendments to the liquidity risk management framework, including proposals to require swing pricing and additional public reporting. The SEC’s intent of the proposed rules is to enhance liquidity within open-end funds, excluding money market...
Read MoreAs the ETF industry continues to grow and evolve, it’s important for service providers to continue to innovate, so they can best serve their clients.Camille Clemons recently spoke with Douglas Yones, head of exchange traded products at the New York Stock Exchange, on “The Inside ETFs...
Read MoreIn today’s world, the ability to obtain clear, relevant and timely information is crucial to making informed decisions. This week, the Securities and Exchange Commission (SEC) continued its push to modernize shareholder reporting for mutual funds and exchange-traded funds (ETFs), also known...
Read MoreCohen & Co has been named “Best ETF Auditor” in the 2022 ETF Express U.S. Awards.
Read MoreSingle stock ETFs, which have been available in Europe since 2018, have finally made their way across the pond to the U.S. The first single stock ETFs were approved and launched in the United States in July 2022 to allow for leverage or inverse trading of a single stock. These funds typically...
Read MoreDigital assets officially joined the registered funds arena with the launch of the first Bitcoin (BTC) futures mutual fund in July 2021, and the launch of BTC futures ETFs shortly thereafter in October of the same year. This article is intended to reflect on where we’ve been and what could...
Read MoreAfter recently attending the 2022 ICI Conference in Palm Desert, we walked away with a definite sense of priorities for the industry. From rule making and implementation to cybersecurity and climate, it’s clear our evolving industry has much to sort through, and look forward to, in the near...
Read MoreWhen deciding to enter the mutual fund or exchange-traded fund (ETF) space, one of the first critical decisions you’ll have to make is whether or not to establish your own trust or use an existing one. This significant decision should be carefully thought through, as it will affect many...
Read MoreIn its latest risk alert released on February 26, 2021, the Division of Examinations (formerly known as the Office of Compliance Inspections and Examinations) offers its observations regarding digital asset securities after examining investment advisers, broker-dealers and transfer agents.One of...
Read MoreAs registered funds show increased interest in the digital asset market — whether they are looking to create a new ETF product or simply to gain more exposure to this asset class — a foundational understanding of this evolving space will be critical before moving forward with any type...
Read MoreThis blog was updated 2/17/21 Last week, the Securities and Exchange Commission (SEC) continued its modernization plan, significantly altering the framework for derivatives used by registered investment companies (including mutual funds, ETFs, closed-end funds and business development companies)...
Read MoreTo address the myriad of regulations over the investment industry, the U.S. Securities and Exchange Commission (SEC) provides a variety of guidance and reference materials to industry stakeholders. As a part of that effort, since November 1994, the Chief Accountant’s Office within the SEC...
Read MoreThe SEC announced today it has adopted the long awaited Rule 6c-11, which will eliminate the need for certain exchange traded funds (ETFs) to obtain the lengthy and expensive exemptive relief that, until now, has been necessary to operate under U.S. securities laws. This game changing move...
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