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May 2, 2024 | 
jdsupra.com | Julia Alonzo |Isaiah D. Anderson |James Anderson
In response to rising geopolitical tensions – from the Middle East to the Taiwan Strait to the ongoing conflict in Ukraine –the Biden Administration is increasingly using economic incentives and sanctions to assist the United States’ foreign policy objectives or mitigate the risk of increased conflict. Geopolitical risks primarily create financial instability by two paths: First, governmental tools such as sanctions, asset freezing and controls on capital create financial uncertainty and risk.
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Apr 30, 2024 | 
jdsupra.com | Julia Alonzo |Isaiah D. Anderson |James Anderson
Hope for a resurgence during 2024 in Venture Capital fundraising, investment, and returns was strong at the beginning of this year, with optimism fueled by the recovery in 2023 of U.S. stock markets (lead by the performance of large tech companies) and anticipation about how AI might transform industries.
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Apr 24, 2024 | 
jdsupra.com | Julia Alonzo |Isaiah D. Anderson |James Anderson
Big fund-raising rounds and high valuations have some wondering whether the AI sector is in a bubble in the nature of the dotcom boom. As of this writing, OpenAI is valued at over $80 billion; Amazon added another $2.75 billion to its investment in Anthropic; and even some very early-stage startups, like France-based Mistral AI, have racked up hundreds of millions in venture-capital funding at valuations over a billion dollars.
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Apr 24, 2024 | 
lexology.com | Margaret Dale |Michael Hackett |Stephen Hibbard |William Komaroff |Timothy W. Mungovan |Dorothy Murray | +14 more
Big fund-raising rounds and high valuations have some wondering whether the AI sector is in a bubble in the nature of the dotcom boom. As of this writing, OpenAI is valued at over $80 billion; Amazon added another $2.75 billion to its investment in Anthropic; and even some very early-stage startups, like France-based Mistral AI, have racked up hundreds of millions in venture-capital funding at valuations over a billion dollars.
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Apr 18, 2024 | 
jdsupra.com | Julia Alonzo |Isaiah D. Anderson |James Anderson
The SEC’s new and proposed rules on cybersecurity and cyber-incident reporting will have a dual impact on private investment advisers and funds. First, the proposal by the SEC will impose cybersecurity related obligations on investment advisers, registered investment companies and business development companies, with a final rule in this sector (the “adviser cybersecurity rule”) expected in April 2024.
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Apr 16, 2024 | 
jdsupra.com | Julia Alonzo |Isaiah D. Anderson |Julia Ansanelli
In its final Private Fund Adviser Rules adopted last year, the SEC dropped one of the more controversial proposed rules—the proposal to prohibit contractual exculpation or indemnification provisions that would shield or indemnify the adviser in matters involving the adviser’s negligence or breach of fiduciary duty. On its face, this was a concession to the fund management industry.
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Apr 11, 2024 | 
jdsupra.com | Julia Alonzo |Isaiah D. Anderson |James Anderson
Adviser-led secondary transactions have seen explosive growth over the last five years. That growth has brought increased regulatory concerns over the conflicts of interests inherent in these transactions and a perceived lack of transparency into this market. New SEC rules adopted in 2023 will arm regulators with additional tools to identify, exam and investigate market practices.
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Apr 5, 2024 | 
jdsupra.com | Julia Alonzo |Isaiah D. Anderson |James Anderson
2023’s excitement for generative artificial intelligence (AI) prompted the SEC to respond on multiple fronts – stump speeches, rulemaking, new exam priorities and sweeps and previewing potential enforcement actions. SEC Chair Gary Gensler raised concerns regarding potential conflicts and investor harm resulting from the proliferation of AI and warned that an AI-caused financial crisis is nearly unavoidable absent regulation.
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Apr 4, 2024 | 
lexology.com | Margaret Dale |Michael Hackett |Stephen Hibbard |William Komaroff |Timothy W. Mungovan |Dorothy Murray | +15 more
2023’s excitement for generative artificial intelligence (AI) prompted the SEC to respond on multiple fronts – stump speeches, rulemaking, new exam priorities and sweeps and previewing potential enforcement actions. SEC Chair Gary Gensler raised concerns regarding potential conflicts and investor harm resulting from the proliferation of AI and warned that an AI-caused financial crisis is nearly unavoidable absent regulation.
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Apr 1, 2024 | 
lexology.com | Margaret Dale |Michael R. Hackett |Stephen Hibbard |William Komaroff |Timothy W. Mungovan |Dorothy Murray | +16 more
ESG continues to be a hot topic for 2024 for investors and regulators alike. The specific concerns investors and regulators have – and what they expect to develop over the coming months – differ, however, across jurisdictions, including because of the different maturity of existing regulation between the EU/UK and the US.
