Updates on SEC, FINRA, CFTC and more from FiSolve

June 5, 2026 Clifford E. Kirsch, Editor Leave a comment

This week’s developments highlighted a market landscape defined by regulatory recalibration, structural change, and the growing influence of artificial intelligence.

The SEC published a draft strategic plan focused on investor protection, market efficiency, and capital formation
FINRA’s latest industry snapshot pointed to continued consolidation and record trading activity
Regulators also signaled meaningful policy shifts, with the CFTC rescinding its no-deny settlement policy and SEC officials emphasizing closer SEC-CFTC harmonization on market structure
AI remained central to both policy and business strategy, from a new executive order on AI innovation and security to reports showing AI’s expanding role in the workplace and investment management

Read the full update from FiSolve here.

Compliance, Standard of Care

SEC Raises Qualified Client Thresholds for Performance Fees Effective June 2026

June 2, 2026 Clifford E. Kirsch, Editor Leave a comment

The SEC has raised the inflation-adjusted “qualified client” thresholds under Advisers Act Rule 205-3, a change that matters for advisers charging performance-based fees. Effective June 29, 2026, the assets-under-management threshold will increase from $1.1 million to $1.4 million, and the net worth threshold will rise from $2.2 million to $2.7 million, according to the SEC.

For advisers, the update is a practical reminder to review onboarding documents, advisory agreements, and performance-fee processes before the new thresholds take effect. The rule change does not generally apply retroactively to existing relationships, but it will affect new contracts and investors going forward, as reflected in the SEC’s April 28, 2026 order and related release materials from the SEC.

To help you make sense of what this means for you and your clients, read the full article from our friends at SEC³ here.

Compliance, Enforcement, International, Regulatory, Standard of Care

Updates on FINRA, SEC, FCA, and more from FiSolve

May 29, 2026 Clifford E. Kirsch, Editor Leave a comment

This week’s developments reflected a regulatory landscape shaped by rapid innovation, familiar compliance priorities, and continued policy change:

Robinhood’s rollout of AI tools that can trade and spend on a user’s behalf put autonomous finance in the spotlight
FINRA’s AML sanctions and the FDIC’s proposed stablecoin compliance standards reinforced the ongoing focus on anti-money laundering controls and supervision
Regulators also kept pushing on market conduct and investor protection, with the SEC’s Investor Advisory Committee teeing up discussions on private markets and passive funds, the FCA identifying weaknesses in financial promotion approvals, and ESMA advancing work tied to Europe’s move to T+1 settlement

Taken together, the week underscored how quickly technology, compliance expectations, and market structure continue to evolve across financial services. Read the full update from FiSolve here.

Compliance, Regulatory, Standard of Care

SEC and CFTC Propose Major Form PF Relief for Private Fund Advisers

May 19, 2026 Clifford E. Kirsch, Editor Leave a comment

The SEC and CFTC this week proposed amendments to Form PF that would significantly reduce reporting obligations for many private fund advisers. The proposal would raise the general filing threshold from $150 million to $1 billion in private fund assets under management and increase the threshold for large hedge fund advisers from $1.5 billion to $10 billion, while still preserving reporting for the largest firms and high-risk areas.

If adopted, the changes would remove Form PF obligations for many smaller advisers and streamline reporting for others, signaling a broader deregulatory push in private fund oversight. But for now, advisers should treat this as proposed relief only: current Form PF requirements remain in effect unless and until the rule changes are finalized, with comments due by June 23, 2026.

To help you make sense of what this means for you and your clients, read the full article from our friends at SEC³ here.

Compliance, Enforcement, International, Regulatory