Litigation DevelopmentsDevelopments in Class Action Lawsuits Claiming Funds’ Undistributed Income and Gains Are Effectively LiabilitiesEnforcement DevelopmentsSEC Establishes Financial Reporting and Accounting Unit in Enforcement DivisionSEC Settles First Enforcement Proceeding Alleging Violation of the Derivatives RuleNew and Proposed RulesSEC Proposes Amendments to Rule 17a-7 to Expand Cross-Trading Eligibility for Most Fixed-Income SecuritiesSEC Proposes Crypto Asset Custody Framework for Investment Advisers and Regulated FundsSEC Proposes to Modernize Interval Fund Operations and Expand the Availability of Multiple Share Classes for Closed-End FundsSEC Proposes to Expand Performance-Based Compensation for Registered Funds and BDCs and Broaden the Qualified Client StandardSEC Proposes Recission of Shareholder Proposal Rule and Reforms to Proxy Solicitation ProcessSEC Proposes to Rescind Advisers Act Pay-to-Play RuleSEC Proposes Modernization of Transfer Agent RulesFourth Extension of Compliance Date for Amendments to Form PFSEC Proposes "Regulation Crypto Assets" – New Pathways for Crypto OfferingsCFTC Proposes Formal CPO Registration Exemption for SEC-Registered Advisers to Sophisticated Investor Pools and Inflation Adjustment to the Small Pool ExemptionFinCEN Issues Final Rule Permanently Ending Beneficial Ownership Reporting for U.S. Companies and U.S. PersonsGuidance and Other DevelopmentsSEC Staff Provides No-Action Relief Permitting Directed Voting Programs for FundsSEC Staff Statement Highlights Valuation and Disclosure Considerations for Private AssetsTreasury and IRS Target Certain ETF and "Tax Aware" Fund StrategiesSEC Provides No-Action Relief for Blockchain-Based Self-Custody of Affiliated Fund SharesSEC Provides No-Action Relief for Certain ETF Concentration Policy ExceedancesExplore the NewsletterRelated CapabilitiesInvestment ServicesRelated PeopleNathaniel SegalShareholderChicago+1 312 609 7747nsegal@vedder.comJacob C. TiedtShareholderChicago+1 312 609 7697jtiedt@vedder.comMark A. QuadeShareholderChicago+1 312 609 7515mquade@vedder.comJake W. WiesenShareholderChicago+1 312 609 7838jwiesen@vedder.comSamuel T. AlsipAssociateChicago+1 312 609 7599salsip@vedder.comElisa Cardano PérezAssociateWashington, DC+1 202 312 3023ecardanoperez@vedder.comDevin EagerAssociateWashington, DC+1 202 312 3016deager@vedder.comRobert HillAssociateMiami+1 786 741 3213rhill@vedder.comChristina V. WestAssociateChicago+1 312 609 7567cwest@vedder.comWaylon M. BrysonAssociate*Chicago+1 312 609 7611wbryson@vedder.comJeremy R. KrittAssociateChicago+1 312 609 7744jkritt@vedder.comCorina M. CunninghamAssociateNew York+1 212 407 7767ccunningham@vedder.comCody L. LipkeAssociateChicago+1 312 609 7673clipke@vedder.comAlexander G. MadiasAssociateChicago+1 312 609 7655amadias@vedder.comNicholas A. PortilloAssociateChicago+1 312 609 7665nportillo@vedder.comJacob MachkovechAssociateChicago+1 312 609 7537jmachkovech@vedder.com
