Appeals Court Stays SEC Climate Rules: The Wall Street Journal reports that the U.S. Fifth District Court of Appeals has temporarily halted new Securities and Exchange Commission rules requiring public companies to disclose climate-related
Trade Groups Sue SEC Over Dealer Rule: Reuters reports that trade groups representing the private fund management industry sued the SEC on Monday over a rule requiring firms that routinely deal in government bonds and other securities to
FINRA Issues First Social Media Influencer Fine:ThinkAdvisor reports that Financial Industry Regulatory Authority Monday levied its first disciplinary action
involving a firm’s supervision of social media influencers.
Advisors Fined by SEC for AI Lies: The DI Wire reports that the SEC settled charges against two investment advisers, Delphia (USA) Inc. and Global Predictions Inc., for making false and misleading statements about their purported use of artificial intelligence. The firms agreed to pay $400,000 in civil
Judge Slams SEC For “Gross Abuse” of Power: Reuters reports that a U.S. federal judge Monday said the SEC had engaged in "gross abuse of the power entrusted to it by Congress" in its dispute with blockchain technology firm Digital
DOL Fiduciary Rule in Final Stages:Wealth Management reports that the final version of the DOL’s fiduciary rule could be released soon, as the White House has
meetings scheduled with supporters and opponents through early April.
Biden Budget Would Alter Retirement Accounts:PLANADVISER reports that President Biden’s budget proposal for fiscal year 2025 includes a proposal eliminating backdoor Roth conversions and requiring distributions from retirement
accounts the balances in which exceed $10 million for high-income filers.
Make or Break Time for Senate Business Tax Changes: The Wall Street Journal reports that while U.S. businesses, big and small, have united behind a bipartisan bill to revive expired tax breaks for research and equipment spending, they can’t get
Senate Republicans — usually their allies — to budge.
Congress Reaches Deal to Finalize FY2024 Spending: Although it is six months late, Fox Business reports that Congress and the White House have struck a deal on how to fund the government for the remainder of fiscal year 2024, ending a
political fight that has dragged on for almost a year.
House Hearing Criticizes SEC Rulemaking Approach:Pensions & Investments reports that House lawmakers criticized the SEC's approach to rulemaking during a capital markets subcommittee hearing Wednesday, with Chair Rep. Ann Wagner (R-MO) saying it "threatened the health of U.S. capital markets and highlights the
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