On December 22, 2020, the Securities and Exchange Commission ("SEC") announced that it had adopted a new, single rule to replace its current advertising and cash solicitation rules, which had remained largely unchanged since their adoption several decades ago. Among other changes, the amended Marketing Rule...

The Securities and Exchange Commission’s Division of Examinations announced their 2021 examination priorities. The priorities give the industry a glimpse into where the SEC believes the greatest potential market risks may be. This year’s priorities focus on climate, environmental, social, and governance related risk factors....