The main headlines from Mary Jo White’s Congressional testimony yesterday centered around her saying the markets were not “rigged,” yet several little known sentences could potentially lead to a significant policy shift at the agency regarding “rigging” investment disclosure, according to regulatory sources and recent on the record statements. A new, aggressive SEC policy could impact alternative investment mutual funds, but it is unclear if this will impact “Dark Pools” used in high frequency trading, including the payments from exchanges to brokerage firms and the general lack of transparency. SEC may target fund with cryptic fee disclosure and conflicts of…
Is SEC Crackdown On Fund Fee Disclosure Coming? [ANALYSIS]
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.