June 22, 2022

Walé Oriola Comments on New Focus of the SEC

In an article titled “SMA Industry Braces for Shake Up as SEC Focuses on Model and Index Providers,” FundFire turned to investment management counsel Walé Oriola for commentary on the agency directing its attention toward model portfolio and index providers. Oriola was also formerly senior counsel in the Securities and Exchange Commission (SEC) Division of Investment Management Rulemaking Office.

Oriola explained that model delivery managers could incur additional costs associated with the design of a model portfolio due to having to update and rebalance. He also stated that due to current regulations, platforms may restrict some products sent by third-party managers from their managed account platforms.

The full article is available for FundFire subscribers.

Full Article
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