Seven leading AI development firms have voluntarily agreed to comply with best practices to ensure the safety, security, and trustworthiness of AI technology, as announced at the White House. The Federal Reserve has also raised concerns about the potential risks posed by quantum computers and AI to the US financial system. Additionally, a disagreement among judges has arisen in the ruling of an SEC enforcement action, and the SEC has proposed rules for digital engagement practices and "robo-adviser" registration. The Depository Trust & Clearing Corporation (DTCC) has announced the wind down of its Global Markets Entity Identifier business, and the enforcement of the California Privacy Rights Act of 2020 has been delayed until March 2024. Finally, Texas has implemented comprehensive privacy legislation through the Texas Data Privacy and Securities Act.
The Securities and Exchange Commission has adopted rule amendments that narrow the exemption from national securities association registration, enhancing oversight of broker-dealers engaged in proprietary trading across markets.
The Securities and Exchange Commission voted to overhaul rules for private equity and hedge funds, requiring greater transparency and accountability, but didn't make it easier for investors to sue fund managers or ban arrangements that give certain investors preferential treatment.
The Securities and Exchange Commission has approved new rules aimed at increasing transparency and reducing fees for private-equity and hedge funds, posing a significant regulatory challenge to firms like Blackstone and Apollo Global Management.
The U.S. Securities and Exchange Commission has adopted new rules targeting private fund advisors, particularly those managing private equity and hedge funds, to increase transparency and protect investors by requiring more disclosures, annual financial statement audits, and quarterly performance statements.
The US Securities and Exchange Commission (SEC) has taken its first enforcement action against a company for selling unregistered securities in the form of non-fungible tokens (NFTs), with Impact Theory settling with the SEC for over $6.1 million and decommissioning its Founder's Key NFTs.
A federal court has ruled that the U.S. Securities and Exchange Commission (SEC) must review its rejection of Grayscale Investments' attempt to convert the Grayscale Bitcoin Trust into an ETF, potentially opening the door for the U.S.'s first spot bitcoin ETF.
The U.S. Court of Appeals has criticized the Securities and Exchange Commission (SEC) for acting "capriciously" and "arbitrarily" in denying a spot market bitcoin exchange-traded fund (ETF), potentially leading to a review of the previously rejected application and challenging the SEC's authority over cryptocurrencies.
The Securities and Exchange Commission (SEC) may have suffered setbacks in its regulation-by-enforcement approach to the cryptocurrency industry, with the latest ruling in favor of Grayscale Investments potentially paving the way for the emergence of a bitcoin spot exchange-traded fund (ETF); however, the SEC could appeal the decision or find new ways to deny similar applications, and the lack of a regulated exchange for the bitcoin spot market remains a challenge. Despite court challenges, SEC Chair Gary Gensler is expected to continue pursuing his regulation tactics, while Congress and a potential Republican president in 2024 may play a role in shaping the regulatory environment for digital assets.
A consortium of industry groups has filed a lawsuit against the SEC to block new rules that require private equity and hedge funds to disclose performance and fees, arguing that the rules will harm investors and reduce investment opportunities.
Six private equity and hedge fund trade groups have sued the U.S. Securities and Exchange Commission (SEC), claiming that the agency overstepped its authority by implementing new expense and disclosure rules for the private funds industry.
The US Securities and Exchange Commission (SEC) is utilizing AI technology for market surveillance and enforcement actions to identify patterns of misconduct, leading to its request for more funding to expand its technological capabilities.
The US Securities and Exchange Commission (SEC) has accused Binance US of a "lack of transparency" and "discovery failures" in a new filing, amidst an ongoing court case and several executive departures from the cryptocurrency exchange.
Summary: The United States SEC's Crypto Enforcement Chief, David Hirsch, has warned that more punishment and charges will be brought against crypto exchanges and De-Fi projects that do not comply with the law, targeting not just the top players but the entire industry. The SEC will continue conducting investigations and taking action in the space.
The Securities and Exchange Commission has adopted amendments to the Investment Company Act "Names Rule" to prevent fund names from misleading investors about the fund's investments and risks, ensuring truth in advertising and promoting fund integrity.
/cloudfront-us-east-2.images.arcpublishing.com/reuters/TLH6X527XNIJ3N6WEVGQPBYWBE.jpg)