On August 7, 2025, President Trump signed an executive order with the stated goal of increasing 401(k) investor access to alternative assets. The order instructs the Department of Labor (DOL) to reexamine its guidance regarding a fiduciary’s duties under the Employee Retirement Income Security Act (ERISA) with respect to alternative assets, including private market investments.

The “One Big Beautiful Bill Act (OBBBA) ,” formally titled “An Act to provide for reconciliation pursuant to Title II of H. Con. Res.14” (the Act), has become law. This legislation represents a comprehensive tax package that extends key provisions of the Tax Cuts and Jobs Act (TCJA), introduces additional tax relief for individuals and businesses, and includes measures related to national security, border security and domestic energy production. The Act also incorporates various revenue offsets and spending reductions.

On May 13, 2024, the Securities and Exchange Commission (SEC) and the US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a joint notice of proposed rule-making (NPRM, proposed rule hereafter) that would require SEC-registered investment advisers (RIAs) and exempt reporting advisers (ERAs) to establish, document, and maintain written customer identification programs (CIPs).

Investment management firms should integrate a dynamic regulatory readiness posture in their organizations to help them respond more effectively to changing regulatory requirements.

On February 9 and March 19, 2024, the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) respectively announced the latest round of charges and fines for failures to preserve and maintain electronic communications.

On February 13, 2024, the Financial Crimes Enforcement Network (FinCEN) released a notice of proposed rulemaking(NPRM) that would require certain investment advisers (IAs) to apply anti-money laundering and countering the financing of terrorism (AML/CFT) requirements pursuant to the Bank Secrecy Act (BSA)

Emerging challenges and opportunities for investment managers that offer ESG, impact, and sustainable investment strategies

The SEC’s proposed cybersecurity rules for investment advisers and funds aim to enhance cybersecurity preparedness and serve as an opportunity for firms that are lagging in their cyber practices to accelerate their pace of investment. Explore the evolution of SEC’s approach to cybersecurity, the proposed rules, and implications and next steps for firms in our report.