SEC Rules Content

The United States District Court for the Central District of California granted a motion made by the California Air Resources Board to dismiss two causes of action brought by the Chamber of Commerce of the United States of America, et al.,.

In August 2024, the Committee on Rules of Practice and Procedure of the Judicial Conference of the United States proposed amendments to Federal Rule of Appellate Procedure 29, which would alter the procedures (including disclosure requirements) for filing amicus curiae briefs.

On January 16, 2025, the staff of the Securities and Exchange Commission's Division of Investment Management issued guidance reminding registrants about their website disclosure requirements.

On January 21, 2025, ICI submitted a no-action request letter, available here, to the Securities and Exchange Commission (SEC or "Commission") to request that the staff of the Division of Trading and Markets ("Staff") confirm that it will not recommend that the Commission take...

On January 23, 2025, the SEC published Staff Accounting Bulletin No. 122 (SAB 122)[1] which rescinds the interpretive guidance included in Section FF of Topic 5 (Topic 5.FF) in the Staff Accounting Bulletin Series entitled Accounting for Obligations to Safeguard Crypto-Assets an...

On January 16, 2025, the SEC announced that it settled charges against two registered investment advisers (the "Advisers"), for breaching their fiduciary duties by failing to reasonably address known vulnerabilities in their investment models and for related compliance and supervisory...

In September 2023, the Securities and Exchange Commission adopted amendments to Rule 35d-1 under the Investment Company Act of 1940. The Names Rule was initially adopted in 2001, and, at that time, the SEC staff issued related guidance in the form of frequently asked questions. In the...

On December 13, 2024, the U.S. House of Representatives Judiciary Committee released an Interim Staff Report titled: SUSTAINABILITY SHAKEDOWN: HOW A CLIMATE CARTEL OF MONEY MANAGERS COLLUDED TO TAKE OVER THE BOARD OF AMERICA'S LARGEST ENERGY COMPANY. The Report notes that the "the...

On December 27, the Federal Reserve Board (FRB), Office of the Comptroller of the Currency (OCC), and Federal Deposit Insurance Commission (FDIC and collectively, Agencies) issued a statement (Statement) extending previously issued no-action relief under Regulation O.

The Missouri Secretary of State has proposed a rule applicable to investment advisers and investment adviser representatives which would deem effecting any transaction with an investment objective not authorized by a client to be a fraudulent act in Missouri.