The SEC has put mutual fund advisers on notice that it is keeping a close eye on the establishment of boards of directors for new funds.

Within the past few months, the SEC has questioned the independence of appointees to at least two new funds' boards, citing concerns that there may be overlooked conflicts of interest.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.