SEC Issues Notice on Parvin Fund's Request for Investment Company Exemptions
Parvin Decentralized Fund and Parvin Fund Management seek exemptions to issue multiple share classes and impose early-withdrawal and asset-based fees; hearing requests must be filed by Sept. 7, 2026.
The Securities and Exchange Commission announced a notice of an application filed on June 8, 2026 and amended on July 13, 2026 by Parvin Decentralized Fund and Parvin Fund Management, LLC. The applicants seek an order under section 6(c) of the Investment Company Act of 1940 to permit certain registered closed-end investment companies to issue multiple classes of shares, to impose early-withdrawal charges, and to impose asset-based distribution or service fees. The request also includes exemptions from sections 18(a)(2), 18(c), 18(i) of the Act, from rule 23c-3, and an order pursuant to section 17(d) and rule 17d-1.
Interested persons may request a hearing by emailing the SEC's Secretary and serving the applicants with a copy of the request. Requests must be received by 5:30 p.m., Eastern time on September 7, 2026 and must include proof of service, such as an affidavit or a lawyer's certificate of service, and must state the requester's interest, relevant facts, reason for the request, and contested issues, as required by rule 0-5. Requesters may also ask to be notified of a hearing by emailing the Commission's Secretary.
The SEC's Division of Investment Management can be contacted by phone at (202) 551-6825, and the applicants' contact is J. Steven Smith, Parvin Fund Management, LLC, 401 E 8th Street, Suite 200, Sioux Falls, South Dakota 57103, email protected. The amended and restated application dated July 13, 2026 is available on the SEC's EDGAR system via the file number 812-16041.
Unless the Commission orders a hearing, an order granting the requested relief will be issued. The notice appears in the Federal Register, volume 91, number 157, page 53286, FR Doc 2026-16768, filed August 14, 2026.