ARK Funds Seek SEC Nod for Fee Tweaks
Published Date: 9/12/2025
Notice
Summary
ARK Venture Fund and ARK Investment Management LLC want permission to offer different types of shares and charge fees based on assets or early withdrawals. This change affects investors in these funds and could impact how fees are paid. The SEC will decide by October 6, 2025, unless someone asks for a hearing.
Analyzed Economic Effects
3 provisions identified: 0 benefits, 2 costs, 1 mixed.
New Share Classes Allowed
ARK Venture Fund has applied for permission to issue multiple classes of shares for its closed-end fund. The SEC will act on the application unless a hearing is requested by 5:30 p.m. on October 6, 2025.
Asset-Based Distribution & Service Fees
ARK Venture Fund applied for authority to impose asset-based distribution and/or service fees, meaning certain share classes could charge ongoing fees calculated as a percentage of fund assets. The SEC will decide on the application unless a hearing is requested by October 6, 2025.
Early Withdrawal Charges Possible
The applicants seek permission to impose early withdrawal charges, so investors who redeem or sell shares early could face a fee. Interested persons may request a hearing on the application by 5:30 p.m. on October 6, 2025.
Your PRIA Score
Personalized for You
How does this regulation affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this federal register document and every other regulation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
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!
2026-11810 — Self-Regulatory Organizations; Cboe EDGX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Adopt Fees for Its New Clock Service
Cboe EDGX Exchange just rolled out a new Clock Service that helps users sync their time systems perfectly with the Exchange. Starting May 18, 2026, they’re charging fees for this service but also offering a free trial to get everyone on board. This affects both members and non-members who want precise timing for their trading activities.
2026-11812 — Self-Regulatory Organizations; Cboe EDGA Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Adopt Fees for Its New Clock Service
Cboe EDGA Exchange just rolled out a new Clock Service to help traders sync their time systems perfectly. Starting May 18, 2026, users can try it for free, but after that, there will be fees for using this handy tool. This change affects anyone who wants precise timing for trading and keeps things running smoothly.
2026-11809 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Adopt Fees for Its New Clock Service
Cboe BZX Exchange just rolled out a new Clock Service that helps users sync their time systems with the Exchange’s for better accuracy. Starting May 18, 2026, they’re charging fees for this service but offering a free trial to get everyone started. This affects both members and non-members who want precise timing for their trading activities.
Previous / Next Documents
Previous: 2025-17587 — Proposed Agency Information Collection Activities; Comment Request
The Federal Railroad Administration (FRA) wants your thoughts before asking for approval to collect some info from folks like train companies and workers. They’re making sure the paperwork isn’t too much and want to hear from the public before moving forward. This helps keep things smooth and saves time and money for everyone involved.
Next: 2025-17589 — Agency Information Collection Activities; Proposed Collection; Comment Request; Extension: Rule 6c-11
The SEC is asking for comments to extend a rule that helps ETFs (exchange-traded funds) operate smoothly without extra approvals. This rule makes ETFs share info on their websites, keep records, and follow clear policies, which costs about 74,580 hours and nearly $2 million yearly. If you’re involved with ETFs, this affects you, and the SEC wants your thoughts before moving forward!