Investment Management, Conflicts of Interest, Regulatory Reform

SEC Formally Withdraws Fourteen Rule Proposals

Proskauer - Regulatory & Compliance on 6/17/2025

On June 12, 2025 the Securities and Exchange Commission (“SEC”) formally withdrew fourteen outstanding rule proposals issued by the prior administration. Although most observers doubted that the current Commission would adopt...more

Conflicts of Interest: How High Will the Bar be Raised?

Proskauer - The Capital Commitment on 5/3/2022

The SEC last month proposed rules under the Advisers Act indicating a dramatic shift in how the SEC intends to reduce conflicts of interest involving private fund managers and their investors. As we previously noted in the...more

DOL Fiduciary Rule Officially Dead

Seyfarth Shaw LLP on 6/26/2018

For several years now we’ve been keeping you updated on the long and winding road of the Department of Labor’s (“DOL”) Fiduciary Rule....more

Fifth Circuit Mandate Officially Ends DOL Fiduciary Rule

Skadden, Arps, Slate, Meagher & Flom LLP on 6/26/2018

On June 21, 2018, the U.S. Court of Appeals for the Fifth Circuit issued its order, or mandate, putting into effect its earlier decision to vacate the Department of Labor’s (DOL) conflict of interest regulation (the fiduciary...more

Fifth Circuit Reaffirms Decision to Vacate Fiduciary Rule

Robinson+Cole ERISA Claim Defense Blog on 6/26/2018

The Department of Labor’s (“DOL”) conflict of interest rule, informally coined the “fiduciary rule,” sparked much debate when the regulations were proposed in 2015, and finalized in 2016, to expand the definition of fiduciary...more

Fifth Circuit Strikes Down DOL Investment Advice Fiduciary Rules

Ballard Spahr LLP on 3/19/2018

The Fifth Circuit on March 15 vacated U.S. Department of Labor (DOL) regulations that redefined the circumstances in which a person who provides investment advice in connection with a retirement plan or individual retirement...more

ERISA Fiduciary Rule Facing Precarious Future

Herbert Smith Freehills Kramer on 1/4/2018

Since its original release as a proposed rule in April 2015 and as a final rule a year later, the Department of Labor’s (DOL's) so-called fiduciary rule — which expands the “investment advice fiduciary” definition under the...more

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