The Delaware Court of Chancery pauses a proposed continuation fund transaction following a sovereign wealth fund’s allegations that the sponsor engineered a conflicted, below-market sal...
In this issue, we discuss, among other things, the SEC Division of Examinations’ exam priorities for 2026, and a recent FINRA enforcement action against a wholesale distributor of inves...
In this issue, we discuss a recent no-action letter relating to the use of state trust companies as permitted custodians for crypto assets under relevant Advisers Act and Investment Compa...
Davis Polk partner Greg Rowland co-authored the chapter “Cryptocurrency and other digital asset funds for U.S. investors” in Global Legal Insights’ Blockchain & Cryptocurrency Regul...
In this issue, we discuss, among other things, the further extension of the compliance date for Form PF amendments, and a recent enforcement action involving alleged violations of the mar...
President Trump’s August 7, 2025 retirement plan Executive Order underscores the administration’s objective to make alternative assets available to defined-contribution plan participa...
In this issue, we discuss an ADI issued by the SEC’s Division of Investment Management regarding registered closed-end funds of private funds, as well as a recent enforcement action inv...
In this issue, we discuss FinCEN’s postponement of the effective date for a final anti-money laundering rule that was issued in August 2024 for investment advisers, as well as a recent ...
FinCEN announced that it will postpone the effective date of a final rule that would impose anti-money laundering compliance requirements on investment advisers, indicating the agency wil...
