SEC Reviews Venture Fund's Fee and Share Overhaul Requests
Published Date: 4/24/2025
Notice
Summary
Connetic Venture Capital Access Fund and Connetic RIA, LLC asked the SEC for permission to offer different types of shares, charge fees for early withdrawals, and add ongoing service fees. This affects investors in their closed-end fund by changing how they pay fees and what shares they can buy. The SEC will decide by May 16, 2025, unless someone requests a hearing, so keep an eye out if you’re involved!
Analyzed Economic Effects
3 provisions identified: 0 benefits, 2 costs, 1 mixed.
Early withdrawal charges possible
The fund asked the SEC for permission to impose early withdrawal charges on investors who redeem or withdraw before a specified time. If approved, investors who take money out early from this closed-end fund could have to pay those charges.
Ongoing asset-based distribution/service fees
The fund asked the SEC for permission to impose asset-based distribution and/or service fees that would be charged against the fund's assets. If approved, investors in the closed-end fund could experience ongoing fees taken from fund assets for distribution or service purposes.
Fund may issue multiple share classes
Connetic Venture Capital Access Fund asked the SEC for permission to issue multiple classes of shares. If the SEC approves, investors in this closed-end fund could choose among different classes of shares offered by the fund.
Personalized for You
How does this regulation affect your finances?
Personalize government policy and PRIA will tell you what this federal register document means for your household, plus every other regulation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
2026-12163, The Trade-Through Rule and Locked and Crossed Markets Provisions of Regulation NMS
The SEC wants to scrap some old rules that stop stocks from being traded at worse prices and prevent confusing market quotes. This change affects stock traders and exchanges, aiming to simplify trading and possibly speed things up. If you want to share your thoughts, you’ve got until August 17, 2026, so don’t miss out!
2026-10373, Registered Offering Reform
The SEC wants to make it easier and cheaper for more companies to sell their stocks and bonds to the public. They’re opening up special forms and benefits to more businesses, updating rules to be more modern, and cutting red tape by overriding some state rules. If you’re a company planning to raise money, these changes could speed things up and save you money, with feedback due by July 27, 2026.
2026-10222, Enhancement of Emerging Growth Company Accommodations and Simplification of Filer Status for Reporting Companies
The SEC is making it easier for companies that report their finances by simplifying their categories into just two groups: big and small filers. Smaller companies, including emerging growth ones, will get more time to file reports and enjoy simpler rules, while big companies keep stricter standards. These changes aim to save time and money, with feedback open until July 20, 2026.
2026-07651, Concept Release on Consolidated Audit Trail and Other Audit Trails and Data Sources
The SEC wants your thoughts on how it tracks stock market trades using the Consolidated Audit Trail and other data tools. They’re thinking about updating rules to keep up with new tech, privacy, and security needs, and to make sure the system is fair and cost-effective. If you’re involved in the stock market or data tracking, speak up by June 22, 2026!
2026-16781, Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of a Proposed Rule Change To Amend Sections 303A.00 and 303A.07 of the NYSE Listed Company Manual
The New York Stock Exchange (NYSE) is giving listed companies more time to set up their internal audit teams, which help keep an eye on risks and controls. This change affects all companies listed on the NYSE and aims to make the transition smoother without rushing. No new costs or deadlines are added yet, but companies should prepare for the updated timeline once it’s official.
2026-16784, Self-Regulatory Organizations; The Depository Trust Company; Order Approving Proposed Rule Change To Amend the Redemptions Service Guide and the Operational Arrangements (Necessary for Securities To Become and Remain Eligible for DTC Services)
Previous / Next Documents
Previous: 2025-07082, Certain Hydrodermabrasion Systems and Components Thereof III; Notice of a Commission Determination Not To Review an Initial Determination Terminating the Investigation as to the Remaining Active Respondents Based on Settlement; Request for Written Submissions on Remedy, the Public Interest, and Bonding
The U.S. International Trade Commission has ended its investigation into certain hydrodermabrasion systems because the remaining companies settled. Now, they’re asking for written opinions on how to handle the next steps, like remedies and public interest, with deadlines coming soon. This affects companies making or selling these systems and could impact future trade rules and money matters.
Next: 2025-07084, Prairie Island Indian Community; Amendments to Liquor Control Ordinance
The Prairie Island Indian Community updated its Liquor Control Ordinance to replace the old rules from 1992 and recent changes from August 2023. These new rules affect how alcohol is controlled and managed within the community, aiming for clearer and better regulations. The changes are official now and help keep things running smoothly without extra costs or delays.