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As investors drive demand for investment products focused on environmental, social and governance (ESG) factors, fund managers have increasingly offered ESG-focused

The U.S. Treasury Department’s Financial Crimes Enforcement Network, the federal bank regulatory agencies, and the Securities and Exchange Commission, in consultation with the Commodity Futures Trading Commission, issued guidance (the "Guidance") that clarifies and consolidates existing regulatory expectations regarding the information financial institutions must obtain regarding beneficial owners for certain accounts and customer relationships.

The UK Financial Services Authority recently published a consultation paper describing how it intends to update its Remuneration Code (the "Code") to (i) implement the remuneration requirements of the Financial Services Act 2010 and (ii) incorporate the remuneration provisions of the latest amendments to the EU Capital Requirements Directive ("CRD3").

The Hedge Fund Transparency Act would require many private equity funds, hedge funds and other investing entities (including those formed in Canada) with equity holders in the United States to register with the Securities and Exchange Commission and be subject to other disclosure in order to avoid being required to become registered investment companies in the United States.

Mark Cuban scored a significant victory July 17 when a federal district court dismissed an SEC insider trading case focused on his 2004 trading in Mamma.com.

The SEC adopted the Marketing Rule in 2021 and in January 2023 adopted an FAQ requiring that gross performance of a private fund or subset of its investments be accompanied by the corresponding net-of-fees performance.

On February 15, 2012, the Securities and Exchange Commission ("SEC") adopted amendments to Rule 205-3 under the Investment Advisers Act of 1940 (the "Advisers Act"), which governs the manner in which investment advisers may enter into a performance-based compensation arrangement with their clients.

On June 22, 2011, the Securities and Exchange Commission ("SEC") released amendments to Rule 206(4)-5 (the "Rule") under the Investment Advisers Act of 1940 (the "Advisers Act"), which places restrictions on political contributions by an investment advisor or its covered associates, and prohibits the engagement by an investment advisor of unregulated third party solicitors to solicit government entity clients on its behalf.

At an open meeting held earlier today, the Securities and Exchange Commission proposed for public comment rules that would (i) define "venture capital fund" for purposes of an exemption from registration under the Investment Advisers Act of 1940 (the "Advisers Act") that will be available to venture capital fund managers (the "VCF Exemption") and (ii) impose reporting, recordkeeping and compliance obligations upon fund managers that qualify for the VCF Exemption.

Earlier this year, the US Securities and Exchange Commission approved 11 spot Bitcoin ETFs. In Hong Kong, in view of rapid developments of virtual asset (VA) products and growing investment products...

Fenwick's fifth annual Digital Health Investor Summit brought together investors who are active in the digital health space to discuss the evolving digital health sector and their investment outlook for the year ahead.

Insurance and Reinsurance partner Daniel A. Rabinowitz authored a New York Law Journal article titled "Investments by Insurers: How They're Regulated and Why It Matters

During summer 2010, many of the developed nations initiated sanctions against Iran, a signal that their political discourse was supported by economic realities.

In recent years, the European Commission (EC) regarded harmonization as a vital element in order to meet the growing need for transparent corporate accounts and the need to compare financial statements thus streamlining the development and efficiency of European financial markets.

We received a number of inquiries in response to our recent FAQs on broker-dealer bankruptcies. Answers to some of the more frequently asked questions appear within this article

Marketing and business development departments inside Am Law 200 firms are still growing—in size, in salaries, in sophistication, in demand ...

On April 5, 2012, President Obama signed into law the landmark Jumpstart Our Business Startups Act (JOBS Act)...

In the Dodd-Frank Act passed last year, Congress required that an individual’s primary residence be excluded from the $1million net worth test for accredited investor status.