While not new rules, these observations remind us that SEC examinations prioritize whether actual practices match a firm's disclosures, policies, and fiduciary duties, rather than its original intentions.
SEC Form ADV
The amendments significantly expand expectations around incident response, customer notification, and service provider oversight.
Tokenized securities are still securities, and the compliance expectations for RIAs are evolving rapidly.
Janaya Moscony, president of SEC3 and former SEC regulator, offers top tips and best practice learned in 2025 to navigate a frictionless 2026.
Enforcement
Premium
SEC charges six purported advisers over false Form ADV filings, books-and-records issues
The SEC said the entities claimed specific office locations, assets under management, and private funds that could not be verified.
Lessons from the SEC’s first Marketing Rule case.
Recent cases highlight the SEC's continuing focus on how financial incentives influence employee recommendations.
The final part in this series of 3: Compliance as an ongoing commitment of documentation, consistency, and continuous improvement.