SEC3 Year End Take-Aways
December 22, 2025
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As we close out 2025, we reflect on the regulatory developments, compliance challenges, and operational lessons that shaped the year for investment advisers.
As we close out 2025, we reflect on the regulatory developments, compliance challenges, and operational lessons that shaped the year for investment advisers.
The SEC’s 2026 Examination Priorities demand attention from investment advisers and broker-dealers.
The SEC has brought enforcement actions against six entities that claimed to operate as investment advisers.
Advisers must renew state notice filings and IAR registrations through IARD. Key deadlines begin November 10, with payments due in December and final fees due January 23, 2026.
FINRA’s $25k fine proves FINRA Reg BI boilerplate policies are a regulatory target. This article breaks down the Alexander Investment Services case and explains why your firm needs specific, not generic, supervisory procedures to avoid sanctions.
The SEC’s Marketing Rule case against Meridian shows why advisers must verify claims and maintain strong compliance controls.
The SEC’s Spring 2025 regulatory agenda outlines priorities across crypto oversight, disclosure simplification, private market access, and rule revisions.
The SEC’s latest enforcement actions highlight the risks of compensation-driven conflicts and inconsistent disclosures.
The SEC charged a private equity adviser for breaching its fiduciary duties due to improper fee and expense practices.
The Financial Crimes Enforcement Network (FinCEN) has postponed its AML rule for investment advisers until 2028 and may revise key elements.