The SEC Division of Corporation Finance granted an exemption from Exchange Act rules for a mandatory tender offer involving the acquisition of equity shares of an India-based public company.

Witnesses before the House Financial Services Committee called for greater regulatory clarity on AI, blockchain and digital assets.

Haoxiang Zhu, Director of the SEC Division of Trading and Markets, will leave the agency effective December 10, 2024. Deputy Director David Saltiel will serve as Acting Director following Mr. Zhu's departure.

A firm settled SEC charges for failing to implement procedures reasonably designed to prevent its financial advisors from misappropriating client assets.

The staff of the SEC Division of Trading and Markets extended its no-action position for broker-dealers that rely on registered investment advisers to fulfill their obligations under the Customer Identification Program Rule and the portion of the Customer Due Diligence Rule regarding beneficial ownership requirements for legal entity customers. The no-action position has been extended until January 1, 2026.