10 Jul 2025
📈SEC Notice on Wedbush Fund Exemption Application Analysis
Wedbush Series Trust and Wedbush Fund Advisers, LLC
Summary
The SEC issued a notice regarding an application from Wedbush Series Trust and Wedbush Fund Advisers, LLC for exemptions under the Investment Company Act of 1940. This would allow them to amend subadvisory agreements without needing shareholder approval and reduce specific disclosure requirements related to fees, subject to potential hearings.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The regulatory notice addresses applications for exemptions that would allow businesses to modify subadvisory agreements without shareholder approval and reduce disclosure obligations, potentially impacting compliance and operational procedures for financial entities.