In a final rule, the SEC amended regulations to eliminate the Director of the Division of Enforcement’s authority to issue formal orders of investigation.
The full update can be found here on our US Regulatory Intelligence platform.
New briefing note – FinCEN issues new AML rule impacting registered investment advisers and exempt reporting advisers
On August 28, 2024, the Financial Crimes Enforcement Network (FinCEN) issued a final rule that will impose new anti-money laundering and countering terrorism financing (AML/CFT) program requirements on registered investment advisers and exempt reporting advisers (collectively, Covered IAs) by, among other things, including Covered IAs within the definition of “financial
The DOL’s fiduciary rule put on pause
On July 25, 2024, in the case of Federation of Americans for Consumer Choice, Inc., et al. v. United States Department of Labor, et al., (“Federation of Americans”) the United States District Court for the Eastern District of Texas issued an order staying the effective date of the DOL’s final fiduciary rule (and related amendments