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...
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Securities and Compliance
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...
Northwestern Mutual hit with $16.5 million in penalty in SEC messaging case
Three Northwestern Mutual subsidiaries will pay the highest penalty among firms that were charged with recordkeeping violations by the Securities and Exchange Commission, according to AdvisorHub. The case involves 16 firms who paid a total of over $81 million in civil...