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21 May 2024, 9:01 pm by renholding
This narrower scope results from a number of critical changes from what the DOL proposed in the fall of 2023 (the “Proposal),2 and these changes limit the primary impact of the Final Rule to service providers in the retail investment space who recommend rollover transactions from an ERISA plan to an IRA or provide investment advice to IRAs, as well as to independent insurance producers who recommend non-securities-based annuities. [read post]
23 Mar 2024, 5:31 am by Rob Robinson
Safeguard Your Data: The M365 with HaystackID® Suite for Microsoft 365® Services Enterprises looking to thrive in the digital world have invested in Microsoft 365. [read post]
23 Feb 2024, 4:34 am by Rob Robinson
DISCO Announces Fourth Quarter and Fiscal Year 2023 Financial Results CS Disco, Inc. [read post]
21 Feb 2024, 1:28 pm by Peter S. Lubin and Patrick Austermuehle
Kemper Financial Services, Inc., have seen shareholders initiate a derivative action challenging the fees charged by investment advisors for managing and administering a money market mutual fund. [read post]
25 Jan 2024, 9:05 pm by renholding
The ongoing controversy surrounding the artificial intelligence company OpenAI, Inc. [read post]
25 Jan 2024, 4:00 pm by Rob Robinson
This transition challenges longstanding norms in legal services where shareholder returns have often taken precedence over client needs and service quality. [read post]
28 Dec 2023, 6:49 pm by Chuck Cosson
., advocating changes to the Copyright Act, on the assumption that existing law is insufficiently clear on the point.[23] Court opinions to date suggest answers may turn on what the AI models intended to do with the ingested works.[24]  In a 2015 case involving the mass reproduction of books to create Google online search services,[25] a court found that “fair use” applied where the reproduction was used solely to provide a public affordance to search for keywords within… [read post]
22 Dec 2023, 6:00 am by Michelle
When Apple Inc. was preparing to introduce its Apple Pay feature on the iPhone in 2014, Visa Inc. and Mastercard Inc. worried it would drive down the “lucrative” fees they charge merchants who use their point-of-sale transaction payment networks, but instead of competing, Apple and the credit card companies reached a mutually beneficial anti-competitive agreement, according to the complaint filed by Mirage Wine & Spirits Inc. . . . [read post]
18 Dec 2023, 2:48 pm by CFM Admin
  On November 20, 2023, the Securities and Exchange Commission (“SEC”) charged Payward Inc. and Payward Ventures Inc., together known as Kraken, with operating Kraken’s trading platform as an unregistered securities exchange, broker, dealer, and clearing agency. [read post]
14 Nov 2023, 6:31 am
Posted by Subodh Mishra, Institutional Shareholder Services, on Tuesday, November 14, 2023 Editor's Note: Subodh Mishra is Global Head of Communications at Institutional Shareholder Services (ISS) Inc. [read post]
14 Nov 2023, 6:31 am
Posted by Subodh Mishra, Institutional Shareholder Services, on Tuesday, November 14, 2023 Editor's Note: Subodh Mishra is Global Head of Communications at Institutional Shareholder Services (ISS) Inc. [read post]
20 Oct 2023, 2:40 pm by CFM Admin
The event brought together top investment managers and allocators to discuss specific investment ideas and the fund investment environment. [read post]
Thus, companies choose to make disclosures related to ESG factors because many investors and consumers want to understand whether the companies in which they invest or from whom they purchase products and services are taking actions—either beneficial or harmful—that may impact corporate stakeholders[5] and, in turn, have an effect on present and/or future shareholder value. [read post]
26 Jul 2023, 9:01 pm by renholding
However, I could have supported a cyber rule designed to guide public companies in their obligation to disclose material cyber risks and material cyber incidents in a way that would be net-beneficial to investors. [read post]
19 Jul 2023, 1:30 pm by Satya Marar
However, the Biden administration has seen FTC and DOJ management take a much harder and more skeptical line on the very idea that efficiencies could be beneficial in any antitrust context. [read post]
26 Jun 2023, 9:01 pm by renholding
Indeed, the Supreme Court cautioned in Philadelphia National Bank that an otherwise illegal merger under the antitrust laws “is not saved because, on some ultimate reckoning of social or economic debits and credits, it may be deemed beneficial. [read post]
9 May 2023, 9:01 pm by renholding
There is reason to believe the SEC’s new universal proxy Rule 14a-19 will result in more stockholder nominees being elected to the boards of public companies. [read post]