A bill aimed at providing protections for people investing in annuities has been signed into law by California Governor Gavin Newsom, according to ThinkAdvisor. The legislation was sponsored by State Sen. Bill Dodd, D-Napa, in partnership with California Insurance...
Representing financial professionals, financial institutions and investors in investment loss, employment and disclosure matters, and in regulatory investigations nationwide.
Securities and Compliance
E-delivery of documents to investors would become default method under Senate bill
A bill introduced in the U.S. Senate would make electronic delivery of documents to investors the default option, according to Financial Advisor. Senators John Hickenlooper, a Colorado Democrat and Thom Tillis, a North Carolina Republican, are co-sponsoring the...
SEC Chair Gensler warns companies about making false claims regarding AI
Companies should be avoiding false or misleading claims about their use of artificial intelligence technologies in their operations, Securities and Exchange Commission Chair Gary Gensler said. According to The Global Treasurer, Gensler discussed the topic during a...
Lawsuit filed against SEC challenging regulation of digital assets
A lawsuit has been filed against the Securities and Exchange Commission challenging the agency's authority to regulate digital assets, according to a Blockworks report. The suit was filed last month in U.S. District Court for the Northern District of Texas by Fort...
Lawmakers urged to fight efforts to block funding for DOL fiduciary rule
Supporters of the Department of Labor's new proposed fiduciary rule are lobbying to prevent the measure from being delayed or defunded, according to WealthManagement. The proposal is called the Retirement Security Rule: Definition of an Investment Advice Fiduciary. It...