On September 8, 2026, the staff (the “Staff”) of the Division of Corporation Finance of the Securities and Exchange Commission (the “SEC”) announced that the SEC is expanding its nonpublic draft registration statement review accommodations to issuers of asset-backed securities
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SEC Proposes Rescission of Investment Adviser “Pay-to-Play” Rule
On September 3, 2026, the US Securities and Exchange Commission (“SEC” or the “Commission”) proposed the rescission of Rule 206(4)-5 under the Investment Advisers Act of 1940 (the “Advisers Act”), widely known as the “pay-to-play” rule. The SEC will solicit
Bank Securities Disclosure Regime Reviewed by GAO
The Government Accountability Office (GAO) recently reviewed the securities disclosure regime for publicly traded banks without holding companies, which differs from the one applicable to bank holding companies and other public companies, and issued recommendations to Congress and the Securities
New CFIs on Securities Act Registration Statement Fees and Form S-1 Incorporation by Reference
The Securities and Exchange Commission’s Division of Corporation Finance ushered in the Labor Day weekend holiday by publishing several new Corporation Finance Interpretations (“CFIs”) relating to Securities Act registration statement fees and incorporation by reference on Form S-1.
CFIGuidanceSecurities Act
SEC Moves to Retailize Private Markets
The Securities and Exchange Commission (“SEC”) has taken another step toward expanding retail investor access to private markets. On August 31, 2026, the SEC submitted its planned rulemaking, Enhancing Retail Exposure to Private Markets, to the White House Office of Information
From Paper Ledgers to Blockchain: SEC Proposes Transfer Agent Rule Modernization
Yesterday, on September 1, the Securities and Exchange Commission wrapped up what has been a very busy summer by proposing amendments to the rules and forms governing registered transfer agents. If adopted, this will be the first significant update to
Capital Markets Know-How Series | Prospectus Law & The Listing Act
Webinar | September 3, 20263:30 p.m. – 4.00 p.m. CET | 2:30 p.m. – 3.00 p.m. GMT| 9:30 a.m. – 10:00 a.m. ESTRegister here.
This webinar will focus on the new prospectus rules introduced by Commission Delegated Regulation (EU)
12th Annual Alternative Finance Summit: Fintech, Blockchain, and Crowdfunding
Hybrid | September 3, 2026Register here.
Practising Law Institute (PLI) will host the 12th Annual Alternative Finance Summit: Fintech, Blockchain, and Crowdfunding program.
Mayer Brown Partner Anna Pinedo will participate in the “Securities Offering and Private Placement Developments: A
Event Contracts at the SEC-CFTC Crossroads: Exchange Proposals to List and Trade Contracts Structured as Binary Options
On August 24, 2026, the Securities and Exchange Commission (“SEC”) published notice of the filing of a proposal by MEMX LLC to list and trade securities event contracts (File No. SR-MEMX-2026-25). The securities event contracts would be cash-settled,
What’s Driving Private Market Activity in 2026
The first half of 2026 saw a notable increase in private market activity, with investor interest increasingly concentrated in a handful of sectors. Nasdaq Private Market’s Secondary Scene: Private Markets at the Midpoint of 2026 report provides a comprehensive review of trends,