Trends in the Regulation of Investment Companies and Investment Advisers

Abstract

Statutes, rules and enforcement actions are tea leaves we can read to predict future trends of mutual fund regulation. While statutes and rules are specific, the trends they signify are far more speculative. This Essay engages in such speculation to envision the long-term implications of the recent new N- 1A disclosure form, I the plain English Rule,2 and the profile. 3 More generally, the Essay speculates on future trends in Securities and Exchange Commission ( Commission ) enforcement, and predicts a continued and stronger use of informal enforcement by the Commission