The U.S. Department of Labor restored its prior five-part test for determining "fiduciary" status under the Employee Retirement Income Security Act, implementing federal court decisions that vacated the 2024 "Retirement Security Rule."

The Congressional Research Service reviewed the structure, applications, and regulatory treatment of decentralized finance, a collection of financial services built on cryptocurrency and smart contracts that operates without traditional financial intermediaries.

President Trump issued an Executive Order intended to boost the mortgage market by rolling back regulatory costs imposed on community banks.

A firm settled FINRA charges for supervisory failures concerning the offer and sale of unregistered debt securities distributed in reliance on Regulation S.

SEC Director of the Division of Corporation Finance James Moloney detailed the Commission’s recent Interpretive Release setting out a framework for when crypto assets are subject to investment contracts under the Howey test and when such assets cease to be subject to investment contracts.