Last month, SEC Chairman Jay Clayton issued a Statement on Cryptocurrencies and Initial Coin Offerings (ICOs), and although Chairman Clayton noted that the positions expressed there were his own, rather than those of the Commission, the Statement contained several important points that asset managers, sponsors of cryptocurrency funds and those selling such funds …
The SEC’s Division of Investment Management Staff has released a Staff Letter dated January 18, 2018 to the Investment Company Institute and the Securities Industry and Financial Markets Association in which the Staff identified a number of questions about how registered open-ended funds (mutual funds) and ETFs will comply with the Investment Company Act of …