News & Insights

Check out our Flash Reports for the latest SEC- and compliance-related news, trends, and insights.

SEC
11 May, 2026
Jeremy McCamic

New Qualified Client Threshold Increases on June 29th: What this means for your Performance-Based Fees

The SEC issued a final order that adjusts the dollar amount thresholds for “qualified clients” under Rule 205-3 of the Investment Advisers Act.

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
14 Jan, 2026

SEC Webinar: Amended Regulation S-P Compliance for Small Firms

The SEC has announced it will hold its final Amended Regulation S-P outreach event on January 22, 2026, at 11:00 AM ET, in anticipation of the upcoming June 3, 2026, compliance deadline for small firms.

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”).

Anti-Money Laundering (AML)
07 Jan, 2026

FinCEN Takes Final Step to Postpone AML/CFT Rule

The Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”) issued a final rulemaking to extend the effective date of the AML/CFT Rule until January 1, 2028.

CFTC No-Action Relief from Commodity Pool Operator Registration for Private Fund Managers

On December 19, 2025, the Commodity Futures Trading Commission’s Market Participants Division (“MPD”) announced a no-action letter stating the MPD will not recommend the CFTC initiate an enforcement action against firms registered as investment advisers with the SEC, who operate commodity pools privately offered solely to sophisticated investors known as qualified eligible persons (“QEPs”), for failing to register as a commodity pool operator, subject to certain conditions.

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.

Regulation S-P Enforcement Action and SEC Outreach on Amended Regulation S-P

The SEC recently published settled charges against a dual-registrant for compliance failures under the prior version of Regulation S-P.

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?

Flash Reports
20 Nov, 2025

The Countdown is on: Time to Comply with Amended Reg S-P

The compliance deadline for larger advisers (those with $1.5B or more in AUM) is less than two weeks away (Dec. 3, 2025). While much of what the previous administration proposed has been tossed or postponed, the SEC has made it clear that Amended Reg S-P is not only here to stay, but it’s also a key focus area.