Regulatory Alerts2020-02-11
Update on Claims Process for Investors of 53 Fund Management Companies with Revoked Licences
The Securities and Exchange Commission (SEC) issued this notice to update investors regarding the claims process for 53 Fund Management Companies with revoked licences. The SEC confirmed that the initial claim submission period has concluded and that acknowledgments are still being processed for pending submissions. Two future payment phases are outlined, with the first relying on government-allocated funds and the second dependent on proceeds from court-appointed liquidation of the affected companies' assets.
Share