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Rajib Chanda Quoted in Financial Times on SEC Vote to Amend Investment Company Names Rule
09.20.23
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Corporate Partner Rajib Chanda was quoted in a Financial Times article titled, “Fund industry braced for SEC crackdown on deceptive product labels,” which discussed the forthcoming SEC vote on whether to adopt amendments to the Investment Company Names Rule under the Investment Company Act of 1940. Rajib explained that the proposed rule overhaul goes well beyond its stated ESG focus, much of which did not seem designed to address any concerns about the existing rule. He was additionally quoted in an article titled, “SEC cracks down on misleading fund names over industry objections,” which outlined the changes following the adoption of the rules. Rajib noted that the final rule could result in fund names that do not give investors an immediate understanding of what is in the fund.
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