The Investor Advisory Committee (the “Committee”) of the Securities and Exchange Commission (the “SEC”) will hold a virtual public meeting on December 4, 2025, to discuss corporate governance regulatory reforms and the emergence of tokenization of equity securities. In addition, the Committee will discuss a potential recommendation to the SEC relating to disclosure of the
SEC Division of Examinations Announces 2026 Exam Priorities
Under new SEC leadership, the Division’s 2026 Examination Priorities reflect a modified approach, following a reevaluation of the Division’s risk-based priorities, and a renewed focus on several traditional risk areas (including Regulation Best Interest, adherence to fiduciary standards of conduct, complex products and the Broker-Dealer Financial Responsibility Rules) as well as continued attention to emerging
FINRA Advances Regulatory Mission Through Artificial Intelligence
FINRA’s President and Chief Executive Officer, Robert Cook, recently published a blog post describing FINRA’s ongoing efforts to integrate artificial intelligence (“AI”), including generative AI (“GenAI”), into its regulatory program and engage with member firms regarding their use of GenAI. Below we highlight how FINRA is using GenAI to perform its self-regulatory functions more effectively
Preparing for the 2026 US Proxy & Annual Reporting Season: 10-K and Disclosure Trends
Webinar | November 10, 202512:00 a.m. – 1:00 p.m. EDTRegister here.
The proxy and annual reporting season may seem a long way off. However, in light of the amount of work and planning that goes into the proxy statement, annual report, and annual meeting of shareholders, this is the ideal time to begin preparations.
The State of the Private Markets in 2025
Nasdaq Private Market’s State of the Private Market: 2025 report shows private company valuations beginning to recover, liquidity programs surging, and private company performance stabilizing relative to public benchmarks following two years of turbulence.
In 2024, total proceeds raised through secondary tender offers surpassed venture-backed IPO volume. Over that same period, the number of private
AI Investment reaches all-time highs: The State of AI Fundraising
Funding for artificial intelligence (AI) companies totaled $47.3 billion globally in Q2 2025, the second-highest quarter on record and the third straight quarter above $40 billion according to CB Insights’ report The State of AI (Q2 2025). Total first half 2025 funding outpaced 2024 funding, raising $116.1 billion versus 2024’s $104.7 billion. Deal volume reached
Generative AI Applications in Financial Services
Generative artificial intelligence (AI) is reshaping the financial services sector, moving from pilot projects into scaled enterprise adoption. CB Insights’ latest report addresses 100 actual applications of generative Al in financial services and insurance (the “Report”). According to the Report, banks, insurers, and wealth managers are deploying large language models (LLMs) in order to improve
No Exit: Other Reasons to Stay Private
In No Exit, a recent paper, authors Brian J. Broughman, Matthew T. Wansley, and Samuel N. Weistein, describe how increased antitrust restrictions caused a decline in M&A exits by startups. However, instead of this leading to an increase in IPOs, companies remained private and used alternatives to access capital and liquidity.
Source: Broughman, Wansley, Weistein
SEC Creates Task Force to Tap Artificial Intelligence for Enhanced Innovation and Efficiency Across the Agency
The Securities and Exchange Commission today announced the launch of a task force on artificial intelligence (AI) that will spearhead the agency’s efforts to enhance innovation and efficiency in its operations through the responsible use of AI. Valerie…
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SEC Formally Withdraws Various Proposed Rules
The Securities and Exchange Commission (SEC) formally withdrew the following proposed Gensler era rulemakings:
- Substantial Implementation, Duplication, and Resubmission of Shareholder Proposals Under Exchange Act Rule 14a-8. In July 2022, the SEC published a rule proposal that would have amended the substantive bases to exclude shareholder proposals under the shareholder proposal rule.
- Conflicts of Interest