Type:Notice
Citation:90 FR 17276
Reading Time:about 2 minutes
The Securities and Exchange Commission (SEC) has published a notice regarding an application from Connetic Venture Capital Access Fund and Connetic RIA, LLC. They seek permission to issue multiple classes of shares and to impose early withdrawal charges and distribution/service fees. The SEC will grant the requested relief unless there is a call for a hearing by May 16, 2025. Interested parties can request a hearing or notification by emailing the Commission's Secretary.
Simple Explanation
The SEC is thinking about letting a company called Connetic sell special kinds of shares and charge some fees. People can ask the SEC to talk more about this by the middle of May if they want to understand better.