24 Sep 2025
📈SEC Notice on Cambria ETF Trust Exemption Application
Cambria ETF Trust and Cambria Investment Management, L.P.
Summary
The SEC issued a notice regarding an application from Cambria ETF Trust and Cambria Investment Management for an exemption under the Investment Company Act, aiming to permit modifications to subadvisory agreements without needing shareholder approval, which may alter compliance disclosure requirements.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The content involves regulatory implications for business owners and executives, specifically relating to the ability to amend subadvisory agreements without shareholder approval, significantly impacting governance and compliance practices in the investment management sector.