Topic
Securities
6,661 published works
Free Writings + Perspectives
Division of Corporation Finance Updates and Withdraws Dated CFIs
By Liz Walsh
On September 26, the Securities and Exchange Commission’s Division of Corporation Finance continued its ongoing efforts to update and revise the Staff guidance in the form of Corporation Finance Interpretations,…
Free Writings + Perspectives
SEC Exam Staff Issues Risk Alert on Investment Adviser Annual Compliance Reviews
By Leslie S. Cruz, Jodi Erlandsen, Adam D. Kanter, Robert Kim, Peter M. McCamman
On September 14, 2026, the staff of the US Securities and Exchange Commission’s (“SEC” or “Commission”) Division of Examinations (the “Division”) issued a Risk Alert (the “Risk Alert”) setting out…
The CLS Blue Sky Blog
Wachtell Lipton Discusses SEC Enforcement Division’s Signal of Faster Investigations
By Renholding
On September 18, 2026, SEC Division of Enforcement Director David Woodcock delivered remarks before the 12th Annual Government Enforcement Institute in Dallas, his most substantive public address since assuming the…
Free Writings + Perspectives
SEC to Hold Open Meeting on September 30 Addressing Retailization Issues
The Securities and Exchange Commission (“SEC”) announced an open meeting to be held on September 30, 2026. The SEC will consider several matters relating to investment advisers, closed-end funds and…
HLC - All Publications
The Death of CLARITY Gives Rise to Some SEC Certainty
By Cadwalader Wickersham & Taft
Last week, the Senate put the nail in the coffin of the CLARITY Act because a test vote (called a “cloture vote”) failed to garner enough support for the Senate…
The Securities Law Blog
SEC Charges South Florida Resident and His Company for Alleged Investment Scheme Defrauding Law Enforcement
The Securities and Exchange Commission today charged CMI Capital LLC and its founder and manager, Michael D. Williams, for an alleged fraudulent investment scheme that raised approximately $860,000 from at…
Global Regulation Tomorrow
Council circulates draft compromises on MISP package
The legislative review of the Market Integration and Supervision Package (MISP) is progressing in the Council. NRF understands that, at the beginning of September, the Irish Presidency of the Council…
The Securities Law Blog
SEC Censures OTC Link LLC for Repeated Compliance Failures Related to Regulation SCI
The Securities and Exchange Commission today censured New York-based broker dealer OTC Link LLC and ordered it to pay a $575,000 civil penalty for longstanding violations of Regulation Systems Compliance…
Free Writings + Perspectives
SEC Innovation Exemption
By Matthew Bisanz, Evan Eldridge, Steffen Hemmerich, Ali Perry, Anna T. Pinedo, Liz Walsh, Jennifer Zepralka
On September 17, 2026, the Securities and Exchange Commission (the “SEC”) issued an order (Release No. 34-106402; File No. 4-927) granting five-year, temporary exemptive relief allowing (1) qualifying tokenized securities…
Cleary Securities, Disclosure, and Governance Watch
SEC Rescission of the Pay-to-Play Rule: How Much Better Off Are Investment Advisers?
By Gregory Larkin, Amber Phillips, John Mahon
The proposed rescission of Rule 206(4)-5 (the Pay-to-Play Rule) under the Investment Advisers Act of 1940 (the Advisers Act) by the Securities and Exchange Commission (the SEC) has generally been…