SEC proposes amendments to ‘cross-trading rule’
The Securities and Exchange Commission (SEC) is looking to amend the “cross-trading rule,” which permits transactions in securities between a registered fund and its affiliates. The proposed amendments would expand the cross-trading rule by allowing cross trades that are beneficial to registered funds and their shareholders. For example, this might include cross-trades that reduce a fund’s trading costs. “Today, the Commission took another step toward modernizing our regulatory fra...
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