An SEC rule expanding the disclosure requirements under Regulation NMS Rule 605 will go into effect on June 14, 2024.

SEC Commissioner Hester M. Peirce urged FinCEN to drop a proposal that would include "investment adviser" in the definition of "financial institution" under the Bank Secrecy Act, which would, thereby, require advisers to implement AML/CFT programs and comply with recordkeeping requirements.

An investment adviser settled SEC charges for (i) making false statements in advertisements, (ii) advertising misleading model performance, (iii) being unable to substantiate performance shown in its advertisements and (iv) failing to enter into written agreements with people it compensated for endorsements. The adviser also committed recordkeeping and compliance violations.

The SEC delayed the effective date of its climate-related disclosure rules pending the completion of judicial review in consolidated proceedings in the Eighth Circuit.

House Financial Services Committee Chair Patrick McHenry (R-NC) and U.S. Representative Brittany Pettersen (D-CO) reintroduced the "Ransomware and Financial Stability Act of 2024." The bill would require "covered entities" to notify the Treasury Department before making any ransomware payments.