Recent SEC Actions Foreshadow Challenges For Fund Boards

Law360, New York (January 12, 2016, 11:15 AM EST) -- Recent actions by the U.S. Securities and Exchange Commission signal a host of new responsibilities and accompanying risks for boards of directors of mutual funds in the year ahead. As the SEC finalizes the liquidity risk management rules it proposed in September 2015, hints of the agency's special areas of concern were revealed in a recent sweep of fixed-income fund managers and the intervention in an adviser's attempt to suspend redemptions in a troubled fund....

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