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FinCEN to Postpone Investment Adviser Anti-Money Laundering Rule

On July 21, 2025, the US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) announced its intention to (1) postpone until January 1, 2028, the effective date of the final anti-money laundering rule...more

SEC Abandons Numerous Gensler-Era Proposed Rules

In just eight pages, the Securities and Exchange Commission (SEC) scrapped 14 proposed rules introduced between October 2020 and November 2023.1 Since taking office in April 2025, Chair Paul Atkins has struck a tone...more

Updated Marketing Rule FAQ Relieves Fund Managers From Calculating Investment-Level Net Returns

On March 19, 2025, staff from the Securities and Exchange Commission (SEC staff) updated its prior guidance regarding the requirement to show net returns of an individual investment, or subset of investments, in compliance...more

SEC Staff Takes Steps to Allow Funds to More Comfortably Fundraise Under Rule 506(c)

On March 12, 2025, staff from the Securities and Exchange Commission (SEC staff) issued new guidance regarding Rule 506(c) of Regulation D under the Securities Act of 1933 (Securities Act). We expect that such guidance will...more

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