The Securities and Exchange Commission recently adopted significant changes to Rule 35d-1 under the Investment Company Act of 1940 (Names Rule), as well as certain forms and disclosure.
Investors are pulling back from sustainable funds due to a combination of high interest rates, poor returns, political backlash, and tighter regulations, leading to significant outflows and closures of green energy funds.
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What’s in a name? According to the Securities and Exchange Commission, quite a bit. On September 20, 2023, the SEC adopted amendments to the Investment Company Act of 1940, most notably.