On March 14, 2025, the Securities and Exchange Commission (SEC) extended the compliance dates for the amendments to Rule 35d-1 (the Names Rule) under the Investment Company Act of 1940 (1940 Act). The Names Rule requires that a registered investment company invest at least 80% of the value of the fund’s net assets, plus the
The United States Securities and Exchange Commission – divided along political lines– sent to the trash heap a 15-year-old policy allowing its Director of Enforcement to approve new investigations as well as the issuance of subpoenas. See Delegation of Authority to Director of the Division of Enforcement, 17 CFR Part 200; Release Nos. 33-11366; 34-102552
From our SmartTrade Group at Thompson Hine!
President Trump issued the America First Investment Policy Memorandum on February 21, 2025 https://www.whitehouse.gov/presidential-actions/2025/02/america-first-investment-policy/ proclaiming that the United States “is committed to maintaining the strong, open investment environment that benefits our economy and our people, while enhancing our ability to protect the United States from new and evolving
The administration announced Thursday that it replaced the unit responsible for many of the SEC’s crypto registration suits with a new fraud-focused unit that will take a broader review of “cyber and emerging technologies.”
The Cyber and Emerging Technologies Unit will prioritize fraud cases that leverage novel tech including crypto, artificial intelligence, machine learning and
This week, the White House issued an executive order limiting the autonomy of independent agencies, including the SEC, by requiring them to submit draft regulations for presidential review. The stated purpose of the Ensuring Accountability for All Agencies executive order is to ensure Presidential supervision and control of the entire executive branch.
Below is a