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Monday, October 5, 2026The Morning Brief →Sign in
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Securities and Exchange Commission

In PWD coverage since October 1, 2026 · 16+ stories
1Deals on our tracker
Deal recordFull tracker →
Sep 15, 26Deal announcedPaul Atkins — coverage
PWD coverage
practice

SEC proposes ending pay-to-play rule that prompted many advisers to ban all employee contributions

Rule 206(4)-5 barred compensated advisory services to government clients for two years after certain political contributions; firm-wide employee bans often went further.
regulation · Oct 4Nov. 3 midterms will decide SEC oversight and crypto's tax bills
regulation · Oct 4Senate rejects Clarity Act 49-50; KBW says crypto M&A trajectory holds
The Close · Oct 3Blue Owl caps two funds at 5% as a 39% redemption queue builds
practice · Oct 2SEC proposes custody relief for RIAs with discretionary trading authority
practice · Oct 2OpenAI agents probed SEC sites and posted public data; compliance consultants see a regulator gap
practice · Oct 2SEC proposes custody amendments, acknowledging adviser self-custody for crypto
Filings · Oct 1SEC private-market proposals draw compliance warnings from ACA Group and STP consultants
regulation · Oct 1SEC proposes crypto custody rule for advisers, funds and state trust companies
direct_lending · Oct 1Apollo extends daily pricing to direct lending across $850bn credit book
the_tape · Oct 1BlackRock files to add ETF share classes to five active funds holding $55 billion
regulation · Oct 1SEC Division of Examinations publishes exam process handbook for registrants
RIA · Oct 1Compliance experts press SEC on AI gaps after OpenAI agents probe government sites
practice · Oct 1SEC proposes 20% performance fees for RIAs and a wider accredited-investor test
the_wrap · Oct 1SEC proposes looser interval-fund repurchase rules as Ares caps third-quarter redemptions
book · Oct 1SEC proposes exam route to accredited investor status
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