The U.S. Court of Appeals for the Second Circuit denied a petition filed by several attorneys general and investment advisers challenging the legality of the SEC's adoption of Regulation Best Interest.
The California Attorney General proposed additional modifications to proposed regulations for the California Consumer Privacy Act. The Act went into effect on January 1, 2020, and will be enforced starting July 1, 2020.
The California Attorney General proposed draft regulations to the soon-to-be effective California Consumer Privacy Act. The proposed regulations provide clarity on the collection and use of personal data by businesses and organizations.
The Financial Crimes Enforcement Network renewed geographic targeting orders that temporarily require U.S. title insurance companies to identify natural persons who use shell companies and pay cash for high-end residential real estate.
The Investment Company Institute criticized a State of California final feasibility report recommending the establishment of state-run, tax-advantaged, retirement investment plans for workers who do not have access to an employer-sponsored retirement savings plan.