On Friday, the U.S. Department of Justice (DOJ), joined by North Carolina, California, Colorado, Minnesota, Oregon, Tennessee, and Washington, filed an antitrust lawsuit against RealPage, Inc. in North Carolina.

On December 11, 2024, the U.S. Court of Appeals for the Fifth Circuit issued a 9-8 decision vacating the SEC's approval of Nasdaq's Disclosure Rule and Diversity Rule (the "Rules")...

The SEC staff released consequential new FAQs earlier this week, providing some common-sense guidance for complying with the Marketing Rule for SEC-registered investment advisers (Rule 206(4)-1 under the Investment Advisers Act of 1940).

Enforcement Director Judge Margaret Ryan made her first public remarks at the Los Angeles County Bar Association's Annual Securities Regulation Seminar.

On May 23, 2025, the Second Circuit affirmed the dismissal of two lawsuits1 brought by a shareholder seeking to impose Section 16(b)2 liability by pairing sales of outstanding shares made by controlling shareholders with share repurchases by corporations they control.

On April 8, 2026, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC) issued a notice of proposed rulemaking to implement the anti-money laundering/countering the financing of terrorism (AML/CFT) and U.S. economic sanctions provisions of the GENIUS Act (the Proposed Rule).

On January 13, 2025, the U.S. Department of Commerce's Bureau of Industry and Security ("BIS") issued an interim final rule that significantly expands export controls around artificial intelligence ("AI") and advanced computing chips.

The Ninth Circuit recently reversed in part dismissal in a putative securities fraud class action alleging that a toy manufacturer and two of its officers misrepresented the status of its inventory management, distribution capabilities, and IT system use.

On June 5, 2026, the Department of the Treasury (“Treasury Department”) and the Internal Revenue Service (the “IRS”) issued Notice 2026-36 (the “Notice”), announcing their intent to issue proposed regulations under section 4960 of the Internal Revenue Code of 1986, as amended (the “Code”). Code section 4960 imposes an excise tax on certain compensation paid to any “covered employee” of an applicable tax-exempt organization (an “ATEO”).

The Division of Examinations published the latest in its series of Risk Alerts related to advisers' compliance with the Marketing Rule. The Risk Alert focused on Rule 206(4)-1(b) (covering testimonials and endorsements) and Rule 206(4)-1(c) (addressing third-party ratings).

On April 1, 2026, the U.S. Department of Commerce issued a notice of call for proposals inviting U.S. industry-led consortia to apply for designation as “pre-set” consortia under the American AI Exports Program (the “Program”).

On September 18, 2025, the SEC's Investor Advisory Committee held roundtable discussions on the evolving role of foreign private issuers ("FPIs") in the U.S. capital markets.

Public companies regulated by the U.S. Food and Drug Administration (“FDA”) may encounter additional scrutiny of their statements to investors as a result of the FDA’s new three-year memorandum of understanding (“MOU”) with the U.S. Securities and Exchange Commission (“SEC”).

In an important ruling for the registered fund industry, the Supreme Court on June 11, 2026 ruled by a 6-3 majority that Section 47(b) of the Investment Company Act of 1940 (“ICA”) does not provide investors with a private right of action to rescind contracts that allegedly violate the ICA.

On February 21, 2025, President Trump released a memorandum entitled "America First Investment Policy" that lays out the administration's approach to foreign investment in the United States. The memorandum seeks to ease investment by U.S. allies and partners by broadly pursuing an open investment environment, including to help ensure that artificial intelligence and other emerging technologies are created and produced in the United States

The European Commission published on 30 April 2026 the draft revised EU Merger Control Guidelines (the “Guidelines”), seeking feedback by 26 June 2026 on the most significant reset of EU merger policy in two decades.

The SEC Division of Examinations released 2026 Priorities.

Looking ahead to her November departure from the SEC, Commissioner Hester Peirce delivered what might be described as a farewell address to the U.S. Chamber of Commerce Capital Markets Summit.

On August 20, 2025, the Ninth Circuit affirmed the dismissal of a securities fraud class action alleging that a pharmaceutical company and certain of its executives...

The U.S. Outbound Investment Security Program (the "OIR") is poised for changes under the much-anticipated National Defense Authorization Act for Fiscal Year 2026 ("NDAA"), the text of which was finally released over the weekend.