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News & Insights: SEC

SEC
12 Jun, 2026
Jeremy McCamic

SEC Risk Alert: Undisclosed Economic Conflicts of Interest

On June 9, 2026, the SEC Division of Examinations published the first Risk Alert of 2026. The Risk Alert is aimed at investment adviser conflicts of interest from compensation, revenue, or other economic benefits.

Flash Reports
12 Feb, 2026

ADA Accessible ADVs

Large financial institutions, such as intermediaries and wrap sponsors, are increasingly asking advisers to provide documents with higher-level accessibility conformance on institutional platforms.

Flash Reports
12 Feb, 2026

SEC Enforcement Action for Hedge Clauses in Advisory Agreements

The SEC recently announced settled charges against two registered investment advisers (collectively, “Respondents”) for violations of the Advisers Act due to compliance failures in their investment advisory agreements. The order highlights the SEC’s continued focus on advisory contract provisions, particularly hedge clauses and assignment language, that may mislead clients on the adviser’s fiduciary duty or fail to comply with consent requirements for assignments.

Flash Reports
28 Jan, 2026

SEC Requirement: Annual Amendment for Form ADV 2026

Registered investment advisors (“RIAs”) and exempt reporting advisers (“ERAs”) will soon begin receiving automated reminder emails from the Investment Adviser Registration Depository (“IARD”) stating that the annual Form ADV amendment is due within 90 days of the firm’s fiscal year end.

SEC Adds Two New Marketing Rule FAQs

On January 15, 2026, the SEC updated its Marketing Rule FAQ with new guidance for model performance and disqualifying events for compensated promoters giving testimonials or endorsements.

Flash Reports
09 Jan, 2026

SEC Proposes Change of RFA Small Business Threshold

On January 7, 2026, the SEC proposed amendments to the rules defining small entities for purposes of the Regulatory Flexibility Act (“RFA”).

SEC Risk Alert: Marketing Rule Violations for Testimonials, Endorsements, and Third-Party Ratings

the SEC Division of Examinations published the first risk alert of 2025. The risk alert provides additional information on compliance with the Marketing Rule.

Flash Reports
04 Dec, 2025

SEC Order Delays Form SHO Deadline to 2028

On December 3, 2025, the SEC issued an order providing an exemption from compliance with the short position and short activity reporting rules. According to the order, compliance with Rule 13f-2 and Form SHO is now delayed until January 2, 2028.

Form SHO Deadline Approaches: Will It Be Delayed Again?

The first Form SHO filing was set to be due on Valentine’s Day 2025, but the SEC pushed back the deadline to February 17, 2026. Now, as large entities finalize Reg S-P preparations, and as all compliance programs complete annual IARD renewals, the question for 2026 is: will Form SHO be delayed again?

2026 Examination Priorities Published by SEC Division of Exams

On November 17, 2025, the SEC’s Division of Examinations (“EXAMS”) published its 2026 Examination Priorities. The SEC’s fiscal year runs from October 1st to September 30th, and these annual priorities highlight practices and products viewed by EXAMS as presenting heightened risks to investors and the markets overall.

SEC Reopens: What to Expect After the Shutdown

The longest government shutdown in U.S. History officially ended on November 12th. Government employees are back at work, and the SEC has reopened. However, it may take time for the SEC to return to normal operations.