Originally published in Barron's (October 2, 2025) Mutual funds have long been the investment vehicle of choice for middle-class Americans saving for retirement, college, or homeownership. They are...
Regulated funds are the natural bridge to allow individuals greater access By Eric J. Pan ( Originally published in the Financial Times on April 1, 2025) The challenge ahead for Donald Trump’s nominee for chair of the Securities and Exchange Commission is to show how the securities...
By Eric J. Pan ( Originally published in the Financial Times on October 18, 2024) In May, the US and Canada moved from settling securities transactions two days after a trade to one. This shift to ‘T+1’ was a resounding success. The EU should follow suit. T+1 means greater efficiency...
Closed-end funds' shareholder gatherings invite abuse; the NYSE is finally doing something about it. by Paul Cellupica ( As published in Ignites, September 12, 2024) Powerful activist investors have been abusing the New York Stock Exchange's annual shareholder meeting requirement for...
Regulatory alarm about hidden risk in the Treasury futures market misses the point, fund association execs write. by Paul Cellupica and Sean Collins ( As published on Risk.net, August 19, 2024) Financial regulators in the US have recently expressed worries over the growing use of...
By Eric J. Pan ( Originally published in Les Echos on August 1, 2024) Capital markets union is essential to the success of the European project. Vibrant capital markets efficiently channel investment to companies and, with historically higher long-term rates of return compared to...
Advancing new red tape based on discredited idea would only harm investors and our capital markets. By Eric J. Pan ( As published in the Financial Times, July 19, 2024) Ambitious policymakers from both big US political parties are looking to make hay of the failed idea that retail...
US regulator’s proposals for mandatory swing pricing are ill-founded and unworkable By Eric J. Pan (As published in Financial Times, April 13, 2023) Mutual funds have been foundational to American retail investing for almost a century. They democratised investing, presenting the first...
The risk is that the regulator would invite itself into the management of savings vehicles By Susan Olson (As published in Financial Times, December 9, 2022) Names can be a beginning, yet they can only describe so much. To make investment decisions, an accurate description of the...
‘Regulation by hypothesis’ is bad for the capital markets. By Eric J. Pan (As published in the Wall Street Journal, October 31, 2022) The Securities and Exchange Commission’s job is to make markets work. But today’s SEC leadership—which as of August had proposed 26 new rules this year...
