Investment Adviser Performance-Based Compensation Modernization
Published . Updated .
The Securities and Exchange Commission (the "Commission") is proposing to amend the rule under the Investment Advisers Act of 1940 that provides an exemption from the statutory prohibition on registered investment advisers receiving compensation on the basis of a share of capital gains in or capital appreciation of an advisory client's account. Specifically, the proposed amendments would expand the ability of investment advisers to receive this compensation from clients that are registered management investment companies and business development companies (collectively, "regulated funds"), subject to certain conditions. The proposal would relatedly amend certain regulated fund registration and reporting forms to require separate disclosure of all performance-based compensation paid by regulated funds to their investment adviser. The proposed rule amendments would also allow investment advisers to receive this compensation from additional clients by revising the rule's "qualified client" definition to include investors that meet the "accredited investor" definition in Regulation D under the Securities Act of 1933. The proposal would relatedly make conforming amendments to certain other rules under the Investment Advisers Act of 1940 whose provisions reference the "qualified client" definition.
Directly affected
- No company is named in this report.
Indirectly affected
- FSEC FIDELITY INVESTMENT GRADE SECURITIZED ETF
GA selected FSEC as a RELATED security because its canonical security name directly matches this event's themes: investment. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
- GIGB GOLDMAN SACHS ACCESS INVESTMENT GRADE CORPORATE BOND ETF
GA selected GIGB as a RELATED security because its canonical security name directly matches this event's themes: investment. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
Price reaction, T-5 to T+3
The Securities and Exchange Commission (the "Commission") is proposing to amend the rule under the Investment Advisers Act of 1940 that provides an exemption from the statutory prohibition on registered investment advisers receiving compen…
Source: Federal Register
Fidelity Investment Grade Securitized Etf (FSEC) since this story, compared with the market
Since the first closing price after “Investment Adviser Performance-Based Compensation Modernization,” Fidelity Investment Grade Securitized Etf (FSEC) is +1.10%. The S&P 500 fund (SPY) is -1.36% over the same days, a +2.46% difference versus the market.
Who gains and who loses around Fidelity Investment Grade Securitized Etf (FSEC)
Companies tied to this story
- FSEC Fidelity Investment Grade Securitized Etf
For “Investment Adviser Performance-Based Compensation Modernization,” Fidelity Investment Grade Securitized Etf (FSEC) is linked, with no stored direction, medium confidence. Reason on file: GA selected FSEC as a RELATED security because its canonical security name directly matches this event's themes: investment. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- GIGB Goldman Sachs Access Investment Grade Corporate Bond Etf
Goldman Sachs Access Investment Grade Corporate Bond Etf (GIGB) is linked, with no stored direction, medium confidence in the 6 Oct 2026 story “Investment Adviser Performance-Based Compensation Modernization.” Reason on file: GA selected GIGB as a RELATED security because its canonical security name directly matches this event's themes: investment. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
Fidelity Investment Grade Securitized Etf (FSEC)
The 6 Oct 2026 story “Investment Adviser Performance-Based Compensation Modernization” names Fidelity Investment Grade Securitized Etf (FSEC) because of this story.
What ties Fidelity Investment Grade Securitized Etf (FSEC) to the headline is this: GA selected FSEC as a RELATED security because its canonical security name directly matches this event's themes: investment. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
Goldman Sachs Access Investment Grade Corporate Bond Etf (GIGB) is here too. Its reason reads: GA selected GIGB as a RELATED security because its canonical security name directly matches this event's themes: investment. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
Price levels for Fidelity Investment Grade Securitized Etf (FSEC)
FSEC traded between 41.41 and 42.79 across 20 sessions. The latest close on file is 42.10. GIGB traded between 43.15 and 44.48 across 20 sessions. The latest close on file is 43.74.
A simple score for Fidelity Investment Grade Securitized Etf (FSEC)
28 out of 100
“Investment Adviser Performance-Based Compensation Modernization” scores 28 out of 100. The score uses 2 sources, and 2 linked companies.