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 comments on the proposal for 60 days following publication in the Federal Register.
Rule…
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.
| CFI | Guidance |
| Securities Act Rules Question 240.18 | A filer tried to register the offer and sale of |
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 and Regulatory Affairs (“OIRA”) for review. The rulemaking would address both retail exposure…
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 this regulatory framework in over four decades, a change many believe is long overdue. As…
Hybrid | September 3, 2026
Register 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 Prolific, Controversial Year of Rulemaking” session.
See the event webpage for information on the
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, European-style binary “YES” or “NO” options based on the outcome of an event related to…
Webinar | September 2, 2026
12:00 p.m. – 1:00 p.m. ET
Register here.
The Securities and Exchange Commission (SEC) under the leadership of SEC Chair Atkins devoted significant time and attention during the early part of the Chair’s tenure to digital assets and, while the agency withdrew a number of pending rule proposals from…
On August 18, 2026, the Securities and Exchange Commission (the “Commission” or the “SEC”) published proposed rules, titled “Regulation Crypto Assets” (“Reg Crypto Assets”), which would establish a framework to raise capital and disclosure requirements involving certain crypto asset-related investment contracts. The proposed rules represent the next phase in the Commission’s ongoing effort to regulate…
Interest from market participants in tokenized funds continues to grow. To date, much of the growth has been in tokenized money market funds. As of mid-year, estimates of assets in these funds range between $8.6 billion and $13 billion. A number of money market funds have been available in tokenized form for some time now…
On August 18, 2026, the Securities and Exchange Commission (the “SEC”) proposed rules (the “Proposal”) titled “Regulation Crypto Assets,” that, if adopted, would create a tailored offering regime for certain investment contracts involving crypto assets, defined as “covered investment contracts”. The Proposal is the next step in the SEC’s ongoing effort to create a regulatory…
