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 MoreThe SEC’s Growing Focus on Private Credit and Private Market Valuations: What Registered Investment Advisers and Financial Professionals Need to Know
In a typical private credit transaction, a non-bank lender (often a specialized fund managed by an investment adviser) provides financing…
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 MoreSripetch v. SEC: Supreme Court Resolves Circuit Split, Allowing SEC to Retain Extensive Power to Seek Disgorgement Remedies
For nearly a decade, the Supreme Court has steadily reshaped the Securities and Exchange Commission's authority to seek disgorgement. Beginning…
Read MoreCalled to Testify Before the SEC? What Every Adviser Needs to Know Before Walking Into That Room
You open your mailbox and find an envelope from the Securities and Exchange Commission. Inside is a subpoena directing you…
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 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…
Read MoreSEC Considers Increase to the Minimum AUM Threshold for Investment Adviser Registration
At the annual conference on federal and state securities cooperation, the Acting SEC Chairman, Mark T. Uyeda, announced the SEC…
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