麻花传媒

SEC Unveils Ambitious Regulatory Agenda

Posted on September 29th, 2025 at 3:03 PM
SEC Unveils Ambitious Regulatory Agenda

From the desk of Jim Eccleston at 麻花传媒

The Securities and Exchange Commission (SEC) has released its Spring 2025 Unified Agenda of Regulatory and Deregulatory Actions, signaling a sweeping shift in rulemaking priorities. According to ThinkAdvisor, SEC Chair Paul Atkins described the agenda as reflecting “a new day at the Securities and Exchange Commission, "emphasizing innovation, capital formation, market efficiency, and investor protection as core goals."

A central priority, according to Atkins, is establishing “clear rules of the road” for the issuance, custody, and trading of crypto assets, while targeting misconduct by bad actors. ThinkAdvisor reports that the agenda also highlights deregulatory proposals designed to reduce compliance burdens and streamline capital raising, with a focus on widening investor access to private businesses.

As reported by ThinkAdvisor, here are the key Initiatives in the SEC’s Regulatory Agenda:

Consolidated Audit Trail (CAT)

In October, the SEC intends to propose a comprehensive review of the CAT, inviting public comment on its design, functionality, and scope of information collection, according to ThinkAdvisor.

“Small Entity” Definition

Also slated for October, the SEC will consider revising its definitions under the Regulatory Flexibility Act. According to ThinkAdvisor, the Division of Investment Management has recommended raising the asset-based thresholds for “small business” and “small organization,” aiming to better capture the impact of rulemaking on smaller RIAs.

Custody Rules

In April 2026, the SEC plans to propose amendments or new rules to modernize custody regulations for advisory clients and fund assets, with specific consideration of crypto assets.

Crypto Assets

By April 2026, the SEC expects to propose rules governing the offer and sale of crypto assets, including potential exemptions and safe harbors, to provide clarity and stability for the market, as reported by ThinkAdvisor.

Customer Identification Programs (CIP) for RIAs

The SEC also plans to finalize CIP requirements for advisers under the Bank Secrecy Act in April 2026. The rule would require advisors to adopt procedures for verifying customer identities.

 

麻花传媒 LLC represents investors and financial advisors nationwide in securities, employment, transition, regulatory, and disciplinary matters.

Tags: eccleston, eccleston law, sec

Return to Archive

TESTIMONIALS

Previous
Next

I have the best legal firm in the country to defend me. Awesome job!

Cindy C.

LATEST NEWS AND ARTICLES

October 30, 2025
SEC Sues Former Franchise Group CEO Over $350 Million Hedge Fund Fraud

The Securities and Exchange Commission (SEC) filed a lawsuit against Brian Kahn, former CEO of Franchise Group Inc., alleging he defrauded investors of more than $350 million in a multi-year investment adviser fraud tied to the collapse of Prophecy Asset Management (Prophecy).

October 29, 2025
FINRA Foundation Study Reveals Alarming Investor Susceptibility to Fraudulent Offers

The FINRA Investor Education Foundation (FINRA Foundation) has released preliminary findings from its upcoming report, Investors in the United States: A Report of the National Financial Capability Study.

October 28, 2025
UBS Seeks Court Order Against $1.4 Billion Florida Advisory Team Over Client Solicitation Allegations

UBS Wealth Management USA has filed a lawsuit and requested a temporary restraining order (TRO) against a $1.4 billion advisory team that recently departed to join Elevation Point, a West Palm Beach-based registered investment advisor launched just 15 months ago.