SEC

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Regulation

SEC Proposes Scrapping ‘Pay-to-Play’ Rule for Investment Advisers

September 3, 2026

The proposal would rescind Advisers Act Rule 206(4)-5, which bars advisers from taking compensation from government clients for two years after certain political contributions, and strip related recordkeeping provisions.

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Policy

GAO Finds 11 Public Banks Fall Outside SEC Disclosure Reviews

September 3, 2026

The watchdog says banks operating without holding companies — including two with more than $80 billion in assets — are reviewed by banking regulators whose processes are not designed to protect investors.