SEC Enforcement in 2026: What the “Back to Basics” Pivot Means for Broker-Dealers and Financial Advisers
After a year of leadership turnover and public uncertainty about the direction of the SEC’s enforcement program, the Division of…
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SEC Regulation Crypto Assets Proposal: A Guide to the SEC’s Proposed Framework for Crypto Offerings
The U.S. Securities and Exchange Commission has proposed “Regulation Crypto Assets,” a new framework intended to make federal securities rules…
Read MoreSEC Rulemaking in 2026: Three Regulatory Developments Every Investment Adviser and Private Fund Manager Should Watch
The Securities and Exchange Commission (“SEC”) has begun reshaping its regulatory agenda for 2026 with several initiatives that could significantly…
Read MoreReceived a FINRA Rule 8210 Letter? What Financial Advisors Need to Know
A Rule 8210 letter from the Financial Industry Regulatory Authority, or FINRA, is not ordinary correspondence. For financial advisors, registered…
Read MoreCalifornia’s SB 574: The First California AI Rules for Lawyers
California is close to putting generative AI obligations for lawyers into a statute. Senate Bill 574 (SB 574), authored by…
Read MoreProposed Regulation Would Narrow Scope of FINRA’s “Outside Business Activity” Rule
FINRA and the SEC have proposed replacing FINRA Rules 3270 and 3280 with a single new Rule 3290 designed to…
Read MoreRegistered Reps and Broker-Dealer Alert: Recent SEC No-Action Relief Allows B-D’s to Pay Transaction-Based Compensation to Personal Service, Pass-Through Entities Rather Than to Registered Persons, Subject to Limitations
On November 17, 2025, the staff of the Securities and Exchange Commission (“SEC”) issued a no-action letter to the Financial…
Read MoreSEC Announces 2026 Examination Priorities
On November 17, 2025, the SEC Division of Examinations (the “Division”) issued its annual Examination Priorities (“Exam Priorities”) for fiscal…
Read MoreDon’t Forget: Continuing Education for IARS
The deadline for California-registered investment adviser representatives (“IARs”) to complete their required Investment Adviser Representative Continuing Education (“IAR CE”) hours…
Read MoreSEC Withdraws Several Proposed Regulations
On June 12, 2025, the SEC withdrew fourteen regulations that were proposed over the past three years, stating they have…
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