Louis Froelich

Jul 16, 2024 | natlawreview.com | Louis Froelich

This alert highlights recent artificial intelligence (AI)-related enforcement actions that the Securities and Exchange Commission (SEC) has brought against investment advisers under the SEC's "Marketing Rule."1 The enforcement actions generally allege that the investment advisers inaccurately marketed how they used AI and other algorithms and data. Given the public interest in AI and similar technology, regulatory enforcement in this space is not surprising.

Jul 12, 2024 | natlawreview.com | Louis Froelich

This alert highlights recent artificial intelligence (AI)-related enforcement actions that the Securities and Exchange Commission (SEC) has brought against investment advisers under the “Marketing Rule.”1 The enforcement actions generally allege that the investment advisers inaccurately marketed how they used AI and other algorithms and data. Given the public interest in AI and similar technology, regulatory enforcement in this space is not surprising.

Jun 10, 2024 | natlawreview.com | Louis Froelich |Britt Whitesell Biles |Sherwet H. Witherington |Charles A. Samuels

The Labor Department has posted updated processing times for permanent labor certification (PERM) applications and prevailing wage determination (PWD) requests. PERM Processing Times: As of June 1, the department was adjudicating applications filed in May 2023 and earlier, conducting audit reviews on applications filed in December 2022 and earlier, and reviewing appeals for reconsideration filed in August 2023 and earlier.

Jun 10, 2024 | natlawreview.com | Louis Froelich

In a victory for the private funds industry, the United States Court of Appeals for the Fifth Circuit vacated the SEC’s recently adopted Private Fund Adviser Rule on June 5, 2024. In other words, the controversial rule, which would have subjected the private funds industry to unprecedented levels of federal regulation, is—at least for now—gone.