An investment adviser settled charges with the SEC for (i) misleading investors as to its ESG-related practices and (ii) failing to implement an AML program specific to its mutual funds business.

The SEC adopted rule amendments to prevent investment companies from adopting names that may mislead investors.

Several investment advisers settled SEC charges for custody violations on the assets of private funds. The SEC charged the firms for failing to comply with audit and reporting procedures that would have afforded an exemption from the applicable custodial requirements.

The D.C. Court of Appeals vacated the SEC's disapproval of NYSE Arca's proposal to allow the listing and trading of shares of Bitwise Bitcoin ETP Trust and Grayscale Bitcoin Trust, both of which held bitcoin.

The Investment Company Institute urged the SEC to reconsider its proposed rulemaking in several areas, arguing that the aggregate impact of "significant deficiencies" in the "interconnected" rulemakings are likely to have negative impacts on regulated investment funds.