Search Results for keywords:"hearing request"

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Search Results: keywords:"hearing request"

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  • 2025-02285 — Deregistration Under Section 8(f) of the Investment Company Act of 1940
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    Type:Notice
    Citation:90 FR 9098
    Reading Time:about 3 minutes

    The Securities and Exchange Commission (SEC) has announced a notice of applications for deregistration under Section 8(f) of the Investment Company Act of 1940 for January 2025. Various investment companies, including American Maturity Life Insurance Co Separate Account One and Aquila Funds Trust, have applied to cease being classified as investment companies. Some applicants, like Aquila Funds Trust and DriveWealth ETF Trust, have already distributed funds to shareholders and covered expenses through their advisers. Individuals can request a hearing on these applications by February 25, 2025, by contacting the SEC.

    Simple Explanation

    The Securities and Exchange Commission (SEC) is telling people that some companies want to stop being special money companies, like piggy banks that grow your money, because they won't sell or do business anymore. If people want to talk about it, they need to let the SEC know by a certain date in February.

  • 2025-03171 — Marqeta, Inc.
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    Type:Notice
    Citation:90 FR 10839
    Reading Time:about 12 minutes

    The Securities and Exchange Commission has issued a notice regarding Marqeta, Inc.'s application for an order under the Investment Company Act of 1940. Marqeta seeks to be recognized as primarily engaging in business activities other than investing in securities, focusing on providing a payment card issuing platform. The application details Marqeta's operations, historical development, and financial practices to demonstrate that it does not function as an investment company. The SEC invites interested parties to request a hearing concerning the application with a deadline in March 2025.

    Simple Explanation

    Marqeta wants to prove to the government that it is a company helping people with payment cards, not just making money from buying and selling things like stocks. The government is checking their request carefully and wants people to speak up if they have any questions by a certain time.