Press Releases

WASHINGTON – The Securities and Exchange Commission recently released regulatory rules as mandated by Congressman French Hill’s (AR-02) Fair Access to Investment Research Act, which was signed into law on October 6, 2017. Congressman Hill made the following statement regarding the final rule:  

 “I’m pleased that my legislation opened up research of the rapidly growing exchange-traded funds (ETFs) to be publicly available, which allows Main Street investors to enhance their knowledge about investment options. The FAIR Act Rules provide a common-sense fix to current law barriers by removing unnecessary burdens that have prevented investors from accessing helpful market information. I’ve personally seen the research produced by financial services firms, and am pleased that retail investors both in Arkansas and across the country now have access to it.”

Background:                                         

The Securities and Exchange Commission adopted rules and amendments designed to promote research on mutual funds, exchange‑traded funds, registered closed-end funds, business development companies, and similar covered investment funds. These changes reduce obstacles to providing research on investment funds by harmonizing the treatment of such research with research on other public companies. The Commission took this action in furtherance of the mandate in the Fair Access to Investment Research Act of 2017 (FAIR Act).