Broker/Dealer Advisory Content

The SEC's Investor Advisory Committee held a meeting on June 6, 2024, which featured a discussion on the draft recommendations of its Disclosure Subcommittee regarding the protection of self-directed investors when trading complex products and utilizing complex strategies. The meeting...

On June 27, 2024, FINRA published a regulatory notice reminding member firms that as they incorporate the use of generative artificial intelligence (Gen AI) or similar tools into their businesses, "they should be mindful of the potential implications for their regulatory obligations."

On June 5th, 2024, a three-judge panel of the United States Fifth Circuit Court of Appeals issued a unanimous decision to vacate the SEC's Private Fund Adviser Rule in its entirety on the grounds that the Commission lacked statutory authority to adopt the rule.

The Department of the Treasury published in the Federal Register a request for information on uses, opportunities, and risks of artificial intelligence (AI) in the financial services sector. The RFI uses a broad definition AI, which Treasury views as encompassing "a wide range of...

On April 23, 2024, the Department of Labor (DOL) released a final version of its regulatory package on fiduciary investment advice ("Final Package"). The Final Package includes an amendment to the regulation defining who is a "fiduciary" under section 3(21) of ERISA and section 4975(e...