U.S. Regulatory Update

June 2023

Welcome to our June regulatory updates where you will find practical thought leadership distilling the latest regulatory headlines.

For all firms this month, we highlight the SEC’s latest risk alerts on weak branch office procedures and on the LIBOR transition, the biggest whistleblower award ever, and new state regulations related to privacy and financial exploitation of seniors and other vulnerable investors.

For advisers, we share key takeaways from recent Form PF amendments and for broker-dealers, we break down a recent case of Regulation Best Interest (“Reg BI”) failures. Finally, we share our “lessons learned” from recent enforcement activity and suggested resources for your additional research.