A real estate investment company and a related affiliate settled SEC charges for offering promissory notes without filing a registration statement.

An investment adviser settled SEC charges for failing to (i) establish effective compliance policies or a written code of ethics, (ii) conduct annual reviews for its compliance program, (iii) conduct periodic compliance training and (iv) timely file its Form CRS.

The SEC extended its no-action position for broker-dealers that rely on registered investment advisers to fulfill their obligations under the customer identification program and the portion of the customer due diligence rule regarding beneficial ownership requirements for legal entity customers.

An amendment and an addition to the Federal Rules of Civil Procedure adopted by the Supreme Court went into effect on December 1, 2022. The new rule requires all non-governmental corporate parties in diversity-of-citizenship cases to file a disclosure statement.

Comments on an SEC proposal that would require issuers to provide additional, more comprehensive and more frequent disclosures regarding share repurchases are now due by January 11, 2023.