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|January 24, 2024
Winston Represents Grupo Calleja in its US$1.2 billion Acquisition of Almacenes Éxito
Experience
|December 21, 2023
Global Hydrogen Energy Completes Business Combination with Dune Acquisition Corporation
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Sponsorship
|May 7, 2024
Winston & Strawn Sponsors 2024 IP Counsel Café Meeting
Capital Markets & Securities Law Watch
|April 30, 2024
|6 Min Read
SEC Targets “AI Washing” by Companies, Investment Advisers, and Broker-Dealers
With consumer and investor interest in artificial intelligence (AI) surging, there has been heightened concern among regulatory agencies, including the Federal Trade Commission (FTC) and the Securities and Exchange Commission (SEC), with companies engaging in a deceptive practice the FTC and SEC have dubbed “AI washing.”
Benefits Blast
|April 29, 2024
|5 Min Read
The U.S. Department of Labor Finalizes its Most Recent Definition of an Investment Advice Fiduciary
On April 25, 2024, the U.S. Department of Labor’s Employee Benefits Security Administration (the Department) published the Retirement Security Rule: Definition of an Investment Advice Fiduciary (the 2024 Fiduciary Rule). The 2024 Fiduciary Rule defines when a person is considered a fiduciary under Title I and Title II of the Employee Retirement Income Security Act of 1974 (ERISA) in connection with providing investment advice or making an investment recommendation to a retirement investor. In addition to the 2024 Fiduciary Rule, the Department also finalized amendments to certain Prohibited Transaction Exemptions (PTEs) to reflect the Department’s updated definition of an investment advice fiduciary.
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