REGULATION: SEC eyes collective-investment trusts
Collective-investment trusts are grabbing the attention of regulators, according to a recent InvestmentNews report.
Collective-investment trusts are grabbing the attention of regulators, according to a recent InvestmentNews report. Such trusts, which are pooled assets at a bank or trust company that include funds managed by varying investment managers, fall outside the regulatory purview of the SEC. However, an SEC official said in a speech last month that the commission is exploring whether its lack of oversight is properly protecting investors. For a look at the speech, visit click here.
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