Investment Advisers Content

On April 22, 2024, the Securities and Exchange Commission issued orders instituting proceedings to determine whether to approve or disapprove proposed rule changes filed, pursuant to Exchange Act Rule 19b-4, by the Financial Industry Regulatory Authority (FINRA) and the Municipal...

[35678] April 15, 2024 TO: ICI Members AML Compliance Working Group SUBJECTS: Anti-Money Laundering Compliance Intermediary Oversight Investment Advisers Operations Risk Oversight Transfer Agency RE: ICI Files Comment Letter on FinCEN Proposal regarding AML/CFT Program and Reporting...

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 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...

On Tuesday, March 26, 2024, ICI submitted the attached comment letter to the Federal Energy Regulatory Commission in response to its Notice of Inquiry on Federal Power Act Section 203 Blanket Authorizations for Investment Companies.

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.

In late February, FINRA proposed to further amend Rule 2210. The amended proposal would permit a FINRA member to project performance or provide a targeted return with respect to a security or asset allocation or other investment strategy in an institutional communication solely to...

The Financial Crimes Enforcement Network (FinCEN) has proposed new rules requiring SEC-registered investment advisers and exempt reporting advisers to establish anti-money laundering/countering the financing of terrorism (AML/CFT) programs and report suspicious activity to FinCEN...