United States Content

The Attorneys General of eleven States, led by Texas, filed suit against three asset managers in the U.S. District Court for the Eastern District of Texas, alleging that the asset managers' "acquisition and use of shareholdings in … domestic coal producers" violated antitrust laws.

After its previously promulgated rules seeking to impose certain conditions on financial professionals were enjoined, the Missouri Secretary of State filed an emergency amendment and an emergency rule, each effective November 6, 2024, identifying practices in the brokerage industry...

The North American Securities Administrators Association has been encouraging states to require mutual funds to submit state registration filings through an electronic filing system called Electronic Filing Depository that NASAA developed and maintains. Mutual funds are currently...

The Missouri Secretary of State has voluntarily dismissed its appeal in a recently decided case concerning Missouri Securities Division rules that would have required specified financial professionals to obtain a client's written consent on state-scripted documents before providing...

On August 22, 2024, the Securities Division of the Indiana Secretary of State entered a Cease and Desist Order against an asset manager, asserting that it "appears that [asset manager and its affiliates] have committed securities fraud in violation of" the Indiana Code.

ICI recently submitted the comments in response to the Internal Revenue Service's (IRS) strategic operating plan and their stated commitment to enable taxpayers to resolve potential compliance issues up front.