FiSolve‘s September 12th weekly financial and regulatory news updates:
Read the full update here.
The Securities and Exchange Commission (SEC) has released its Spring 2025 Regulatory Flexibility Agenda, outlining the Commission’s near- and longer-term priorities. While the Agenda does not bind the SEC to deadlines, it provides useful insight into the policy direction and areas of focus for the year ahead.
The Spring 2025 Agenda largely reflects the SEC’s ongoing effort to reduce unnecessary burdens on registrants, encourage use of the public markets, and promote efficient capital formation, while maintaining investor protections.
Read the SEC Spring 2025 Regulatory Agenda here: Agency Rule List – Spring 2025
The SEC recently announced two enforcement actions against advisory firms that failed to provide clear and consistent disclosures around conflicts of interest tied to fee-based managed account programs. Both cases underscore the Commission’s continuing focus on how financial incentives influence employee recommendations — and the need for firms to adopt policies and procedures that address disclosure risks.
Advisers and broker-dealers face heightened regulatory expectations around transparency. Compensation arrangements that create incentives for employees to recommend firm products must be disclosed accurately and consistently across Form ADV, Form CRS, websites, and client communications. Misaligned or contradictory disclosures not only erode client trust but also invite significant penalties. Read the full article from our friends at SEC3 here.
FiSolve‘s September 5th weekly financial and regulatory news updates:
Read the full update here.
On August 15, 2025, the SEC charged a New York based private equity adviser with breaching its fiduciary duties under Section 206(2) of the Investment Advisers Act of 1940. The case centered on failures to properly disclose fee practices and to apply management fee offsets as required. The adviser agreed to resolve the matter, paying over $683,000 in disgorgement, penalties, and interest.
Read more here, including important compliance takeaways.