The Department of Labor's proposed new fiduciary rule has moved a step closer to final approval, according to a Financial Advisor report. The White House Office of Management and Budget said it completed its review of the rule last Wednesday. The DOL's rule would...
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Securities and Compliance
Regulators taking steps to address issues involving artificial intelligence
As more companies incorporate the use of artificial intelligence into their practices, regulators are taking steps to address the growing trend, according a report in Better Markets. One example cited was the Securities and Exchange Commission's proposed new rules...
SEC stays climate-disclosure rules pending resolution of appeals court case
The Securities and Exchange Commission has decided to stay its new climate-disclosure rules pending an appeals court review of the case, Reuters reports. The rules have been the subject of multiple legal challenges that have now been consolidated in the U.S. Court of...
Regulation of internet-based advisers to be reformed under new SEC amendments
The Securities and Exchange Commission is taking steps to modernize its Internet Adviser Exemption that was adopted in 2002. The exemption allowed firms that operated primarily online to register with the SEC. The SEC announced that it has now adopted amendments to...
Appeals court takes up case involving challenge to SEC private adviser rule
A federal appeals court is weighing a case involving a challenge to the Securities and Exchange Commission's new private fund adviser rules, according to ThinkAdvisor. The U.S. 5th Circuit Court of Appeals heard oral arguments in New Orleans in the lawsuit filed by...