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As the SEC steps back on rulemaking, advisers face different compliance challenges

Montage with Janaya Moscony and SEC HQ in the background.
GRIP Montage: Private/Getty Images

The agency’s less-prescriptive approach may give firms more uncertainty, Janaya Moscony of SEC³ Compliance tells us.

The SEC’s deregulatory posture under the second Trump administration has clearly given the industry some relief. Last year, the agency withdrew 14 pending rule proposals, including ones that would have heightened adviser obligations on safeguarding assets, outsourcing, and managing cyber risks.

But that does not mean the SEC has lost

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