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The SEC's First Regulation Best Interest Action and the Challenges of Regulating By Enforcement | Carlton Fields

In June 2022, the U.S. Securities and Exchange Commission (SEC) filed its first complaint alleging violations of both the care and compliance obligations of Regulation Best Interest, or.

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Reasonable-diligence
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Ohio Appellate Court Clarifies Reasonable Diligence Standard

The Court of Appeals cited the Ohio Supreme Court opinion of Gerrity v. Chervenak, which held that a surface owner must exercise reasonable diligence when searching for mineral holders, and failure to use reasonable diligence precludes application of the DMA.

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Illinois
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Ohio
Connecticut
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Ohio Appellate Court Clarifies Reasonable Diligence Standard

The Court of Appeals cited the Ohio Supreme Court opinion of Gerrity v. Chervenak, which held that a surface owner must exercise reasonable diligence when searching for mineral holders, and failure to use reasonable diligence precludes application of the DMA.

Jefferson-county
Illinois
United-states
Ohio
Connecticut
Leroy-beckett
District-court
Ohio-supreme-court
Dormant-mineral-act
Seventh-district-court
Legal
Government

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