DOL Finalizes Fiduciary Rule: InvestmentNews reports that the Department of Labor Tuesday finalized its new fiduciary rule, an overhaul of a 1975 regulation that

is almost certain to disappoint opponents.

Non-Traded Alts Fundraising Up 69 Percent Last Quarter: The DI Wire reports that non-traded alternative investments fundraising totaled nearly $27 billion through March, led by non-traded business development companies at an estimated $8.2 billion and interval funds at $6 billion, according to research

provided by investment bank Robert A. Stanger & Co.

FTC Bans Non-Compete Agreements: The Hill reports that the Federal Trade Commission voted 3-2 on Tuesday to ban noncompete agreements that prevent employees from working for competitors or starting a competing business after they

leave a job.

Business Groups Sue FTC Over Non-Compete Ban: The Wall Street Journal reports that the FTC’s regulation aimed at ending noncompete agreements Wednesday ignited a flare of lawsuits seeking to overturn the agency’s

decision.

SEC Risk Alert Warns of Marketing Violations: Wealth Management reports that Securities and Exchange Commission examiners continue to find violations of its amended marketing rule, including advisors falsely claiming they are “free of all

conflicts,” according to a new risk alert.

GOP Lawmakers Slam DOL Fiduciary Rule: Financial Advisor Magazine report that House Republican lawmakers wasted no time in slamming the DOL’s latest

fiduciary rule, raising the specter of future industry litigation.

Senate Democrats Target Carried Interest Again: Pensions & Investments reports that a group of Senate Democrats reintroduced legislation recently that

would target carried interest.