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The Supreme Court heard oral argument in Anderson v. Intel Corporation Investment Policy Committee, examining whether ERISA plaintiffs must allege underperformance against a meaningful benchmark when challenging investment fund performance in defined contribution plans. The Justices appeared inclined to affirm this requirement, though questions remain about what constitutes a meaningful benchmark and how precisely the Court will define the standard for lower courts.

The hearing is partly in response to a March 2023 letter from 21 Republican state attorneys general to various large investment firms.

In November 1999, the SEC first issued a release proposing a new rule under the Investment Advisers Act of 1940 (the "Advisers Act").

The Securities and Exchange Commission’s (SEC) recent prosecution of Securities Act of 1933 (Securities Act) Section 5 cases in PIPE (private equity investment in public equity) transactions hit a brick wall in 2007 and early 2008.

The Massachusetts Securities Division has amended proposed rules relating to the regulation of investment advisers.

On October 15, 2008, the Securities and Exchange Commission ("SEC" or the "Commission") adopted an interim temporary final rule (.pdf) (the "Interim Rule" or "Rule 10a-3T") requiring institutional investment managers (those required to file Form 13F) to report information concerning daily short sales of securities.

On January 25, 2011, the U.S. Securities and Exchange Commission (the "SEC") proposed amendments to the accredited investor standards in its rules under the Securities Act of 1933, as amended (the "Securities Act"), to reflect the requirements of Section 413(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Dodd-Frank Act").

On May 14, 2009, the Securities and Exchange Commission ("SEC" or the "Commission") proposed rule amendments which are intended to substantially increase protections for investors who allow investment advisers to have custody over their assets.

On May 20, 2010, the Senate approved sweeping financial reform legislation. Included in the legislation is the Private Fund Investment Advisers Registration Act of 2010 (the "Senate Bill").

Since 2017, the Australian Securities and Investments Commission (ASIC) has provided guidance to licensed exchanges on exchange traded products (ETP) naming conventions...

April 2009 saw the adoption of sweeping pension system reforms in Illinois and New York State that will have a significant effect on investment advisers, managers and consultants.

American International Group, Inc. (AIG), one of the world’s largest insurance conglomerates, has settled a variety of charges leveled against it by New York State and Federal Authorities.

Overseas expansion remains a goal for many US companies, but even if that company is not looking to set up or sell in a foreign country, it's likely there will be a foreign component to even the most American of products and services.

On April 17, 2024, the Securities and Exchange Commission's (SEC) Division of Examination (Division) issued a Risk Alert to provide information about investment advisers...

How do you know when your investments are performing well?

In a recent decision, the ITC rejected respondent's argument that complainant did not meet its domestic industry ("DI") requirements because of declining investments over the years ...

On September 28, 2004, the U.S. Department of Labor (DOL) issued a final regulation allowing plan fiduciaries to satisfy their fiduciary responsibilities regarding the automatic rollover to individual retirement accounts (IRAs) of certain mandatory distributions.

For this episode of French Insider, Jean Hoefliger, noted wine consultant, entrepreneur, and founder of JH Wine Consultants, joins us to discuss French investments in the U.S. wine industry...