SEC Rules Content

On April 8, 2024, a group of ICI staff participated in a telephone meeting with representatives from the White House's Office of Management and Budget (OMB) and the Department of Labor (DOL) to discuss DOL's fiduciary investment advice package.

On March 6, 2024, the Securities and Exchange Commission adopted final rules on The Enhancement and Standardization of Climate-Related Disclosures for Investors. Following adoption, the Final Rules were subjected to a number of legal challenges. On April 4, 2024, the Commission issued...

On March 26, 2024, the Securities Division of the Mississippi Secretary of State's Office entered a Summary Cease and Desist Order and Notice of Intent to Impose Administrative Penalty (the "Order") against an asset manager, alleging that it "has made and continues to make untrue...

On March 18, 2024, the SEC announced that it settled separate charges against two investment advisers, Delphia (USA) Inc. and Global Predictions Inc., each for making false and misleading statements about their alleged use of artificial intelligence ("AI") to inform their investment...

The SEC's Investor Advisory Committee ("IAC") held a meeting on March 7, 2024 which featured a continued discussion on the draft recommendations of its Disclosure Subcommittee (the "Subcommittee") regarding digital engagement practices ("DEPs"), including the SEC's predictive data...

On January 18, 2024, Robinhood Financial LLC settled charges brought by the Massachusetts Securities Division in connection with an August 2023 Massachusetts Supreme Judicial Court decision upholding a Massachusetts rule, finalized in 2020, that imposes a fiduciary duty on broker...

[35651] March 18, 2024 TO: ICI Members Fixed-Income Advisory Committee Money Market Funds Advisory Committee SEC Rules Committee SUBJECTS: Fixed Income Securities Trading and Markets RE: FINRA to Start Disseminating US Treasury End-of-Day Transaction Data on March 25 FINRA has...

Parts of the rules package proposed by Wyoming Secretary of State Chuck Gray on Environmental, Social, and Governance ("ESG") investment disclosure and consent went into immediate effect on February 27, 2024 and require compliance as of that date.

On March 6, 2024, the SEC voted 3-2, along party lines, to adopt final rules on The Enhancement and Standardization of Climate-Related Disclosures for Investors. The rules apply to public companies.

On February 8, 2024, the Securities and Exchange Commission (SEC or the "Commission") adopted amendments to Form PF, the confidential reporting form for certain registered investment advisers to private funds including those that also are registered with the Commodity Futures Trading...