Investment Advisers Content

[36138] September 09, 2025 TO: ICI Members Investment Company Directors Alternative Closed-End Fund Working Group AML Compliance Working Group Chief Compliance Officer Committee Chief Risk Officer Committee Closed-End Investment Company Committee Compliance Advisory Committee Crypto...

[36136] September 05, 2025 TO: ICI Members Investment Company Directors SUBJECTS: Advisory Contract Renewal Closed-End Funds Compensation/Remuneration Compliance Fees and Expenses Fund Governance Intermediary Oversight Investment Advisers Litigation & Enforcement Risk Oversight RE...

In November, the State of Texas and 10 other states brought an action against BlackRock, Inc., State Street Corporation, and The Vanguard Group, Inc. in the U.S. District Court for the Eastern District of Texas, alleging violations of federal and state antitrust laws, including the...

On March 12, 2025, FINRA issued a regulatory notice announcing that FINRA is "launching a broad review of its regulatory requirements applicable to member firms and associated persons" and requesting comment on FINRA rules and guidance that commenters believe should be modernized.

In April, the Office of Management and Budget (OMB) issued a request for information on deregulation. The RFI seeks comment on "regulations that are unnecessary, unlawful, unduly burdensome, or unsound" and specifically asks commenters to identify rules to rescind.

On Friday, April 4, 2025, the SEC Staff noticed the application filed by FS Credit Opportunities Corp., et. al, relating to principles-based, co-investment exemptive relief. The application had originally been filed February 21, 2025, and amended on March 20 and April 3. The notice...

Yesterday, ICI submitted an amicus curiae brief in the State of Texas et al. v. BlackRock, Inc. et al. litigation, in which plaintiffs allege that defendants violated various federal and state antitrust laws.

On December 27, the Federal Reserve Board (FRB), Office of the Comptroller of the Currency (OCC), and Federal Deposit Insurance Commission (FDIC and collectively, Agencies) issued a statement (Statement) extending previously issued no-action relief under Regulation O.

On December 19, 2024, the Department of the Treasury published a report on the Uses, Opportunities, and Risks of Artificial Intelligence in Financial Services Sector.