Mutual fund regulatory defaults trigger enforcement for reporting, investor complaints, conduct, registration, valuation, advertising, and financial compliance failures. Asset management companies, mutual funds, trustees and sponsors are subject to action for reporting failures, incorrect disclosures, non-cooperation with ... Summary
Mutual fund regulatory defaults trigger enforcement for reporting, investor complaints, conduct, registration, valuation, advertising, and financial compliance failures.
Asset management companies, mutual funds, trustees and sponsors are subject to action for reporting failures, incorrect disclosures, non-cooperation with inquiry or inspection, non-compliance with directions, unresolved investor complaints, breaches of registration conditions, net-worth requirements and fee obligations. Liability also covers unfair trade practices, insider trading, improper conduct, advertising non-compliance and valuation contrary to fair valuation principles. Available measures include suspension or cancellation of registration, cessation of scheme subscriptions, suspension of new scheme launches and forfeiture of required scheme investment.
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