Search Results for keywords:"conflicts of interest"

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Search Results: keywords:"conflicts of interest"

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  • 2021-04075 — Star Mountain Credit Opportunities Fund, LP, et al.
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    Type:Notice
    Citation:86 FR 12040
    Reading Time:about 26 minutes

    The Securities and Exchange Commission (SEC) has received an application for an order under sections of the Investment Company Act of 1940. The application seeks to allow certain business development companies and investment funds to make investments together, which would normally be restricted by law. The goal is to let these companies co-invest in small and medium-sized businesses, maximizing investment opportunities without unfair advantages. The SEC will issue the order unless a hearing is requested by March 22, 2021.

    Simple Explanation

    The SEC is looking at a request to let certain companies work together to put their money into small businesses, kind of like sharing toys instead of playing alone. They'll say yes unless someone speaks up by March 22, 2021.

  • 2025-03649 — Proposed Collection; Comment Request; Extension: Rule 17j-1
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    Type:Notice
    Citation:90 FR 11560
    Reading Time:about 9 minutes

    The Securities and Exchange Commission (SEC) is seeking public feedback on extending a rule that helps prevent conflicts of interest for people working with investment companies. Rule 17j-1 requires those affiliated with investment companies to follow a code of ethics that ensures their personal investments do not conflict with the company's activities. This rule mandates reports on personal securities transactions and record-keeping to detect any potential violations. The SEC estimates around 84,567 people are affected by this rule, leading to annual costs of approximately $4.68 million for compliance. Comments are invited on the necessity and impact of these reporting requirements.

    Simple Explanation

    The SEC wants to make sure that people who help manage money for others are honest and don't cheat by secretly doing things that aren't in their clients' best interests. To do this, they have rules they need to follow, like telling about their own investments and keeping records, which costs quite a bit of money each year. They are asking for ideas on whether these rules are helpful and if there's a better way to check that everyone is playing fair.

  • 2021-02859 — Self-Regulatory Organizations; The Options Clearing Corporation; Order Approving Proposed Rule Change to Concerning the Options Clearing Corporation's System for Theoretical Analysis and Numerical Simulation (“STANS”) Methodology Documentation
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    Type:Notice
    Citation:86 FR 9410
    Reading Time:about 17 minutes

    The Options Clearing Corporation (OCC) submitted a rule change to the Securities and Exchange Commission (SEC) to update its documentation on how it calculates margin requirements for its members. This new document, called the STANS Methodology Description, aims to improve transparency about OCC's risk-based margin system by replacing a previous document while excluding certain outdated or redundant details. The SEC approved the proposal, believing it aligns with existing laws and regulations, and helps OCC manage risk in the event that a member defaults, thereby protecting the funds and securities in its care.

    Simple Explanation

    The Occasions Clearing Corporation wants to better explain how they make sure everything's fair and safe when people trade options, by updating an old document; the grown-ups in charge said that sounds like a good idea.