On January 22, 2023, Brookfield Asset Management announced that it won't appoint a new representative to American Equity's board because Department of Justice investigators are looking into whether Brookfield violated an antitrust law. Further, Brookfield Asset Management leaders stated in the filing that, they do not believe the Brookfield Asset Management has violated any antitrust law and they will comply with the investigators' inquiry. In addition, according to filing, the Department of Justice is investigating whether Brookfield violated a federal antitrust law that bans companies from holding board seats on certain competitors.