The Securities and Exchange Commission (SEC) signaled that it will likely move forward this year with a proposal to loosen the so-called “Pay-to-Play Rule” in Rule 206(4)-5 of the Investment Advisers Act of 1940 intending to restrict investment advisers from obtaining business from public pension plans or other government entities in exchange for political contributions
SEC Proposes Regulation E-Delivery to Allow Electronic Delivery to Become the Default for Federal Securities Laws Communications
By Scott Gootee, Eric Mikkelson & Andrew Arbuckle
On July 21, 2026, the Securities and Exchange Commission (SEC) published proposed Regulation E-Delivery, a sweeping overhaul of the framework governing how issuers, broker-dealers, investment advisers and other SEC registrants deliver required disclosures to investors. If adopted, the rule would replace the SEC’s decades-old, guidance-based approach
Unlocking Alternative Assets for 401(k) Plans
By Phil McKnight, Eric Mikkelson & Andrew Arbuckle
The DOL’s Proposed Safe Harbor and What It Means for Asset Managers, Advisers, and Plan Sponsors
On March 30, 2026, the U.S. Department of Labor (DOL) released a proposed rule titled “Fiduciary Duties in Selecting Designated Investment Alternatives” (the Proposed Rule), which would establish a process-based safe
House Passes JOBS and Investor Confidence Act of 2018
SEC Proposes Regulation Best Interest for Broker-Dealers
SEC Invites Regulated Entities to Voluntarily Submit Self-Assessments of Diversity Policies and Practices
U.S. House of Representatives Acts To Codify Registration Exemption for M&A Brokers
U.S. House of Representatives Acts to Create New Category of Exempt Transaction Under the Securities Act of 1933
Treasury’s Recommendations for the Volcker Rule