SEC targets ‘protected’ and ‘guaranteed’ fund names

protecting-client-assets

The US Securities and Exchange Commission (SEC) has said that funds that use the words "protected" or "guaranteed" in their names should consider removing the terms, saying that in the absence of qualifying language they can imply a level of safety or protection beyond what the funds can offer. The guidance comes after the regulator asked several funds to qualify or remove the terms from their names in comments to registration statements filed by the funds.

The SEC says investors can be misled b

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: