SEC

The SEC wants to expand the circumstances for an RIA to receive performance-based comp and give investors more ways to become accredited.

SEC3 Compliance is monitoring the SEC’s proposal to rescind Advisers Act Rule 206(4)-5, commonly known as the “pay-to-play” rule. If adopted, the proposal would eliminate the rule’s prescriptive political contribution restrictions and give investment advisers greater flexibility to address pay-to-play risks through their broader compliance programs.

The meeting will be held at 10am ET, open to the public, and offered via webcast on the SEC’s website.

A standardized annual review that does not account for the adviser’s actual activities, conflicts, and regulatory risks may fail to identify the types of issues highlighted by the SEC.

With the CLARITY Act blocked, the Commission is granting temporary and conditional exemptive relief for on-chain securities trading.

Discussion on the shift to extended hours trading, from the operational to security and surveillance challenges, plus investor and market opportunities.

The SEC proposed to end its oversight of corporate shareholder proposals on topics like carbon emissions and executive ​pay.

New FDA-SEC information-sharing framework heightens scrutiny of disclosures, insider trading risks and prediction market activity.