With each passing day, the 2026 proxy season gets more interesting (and not in a positive way for proxy advisory firms). On December 8, 2025, the Trump administration issued an executive order (the “Executive Order”) addressing the influence that proxy advisors “wield” to promote “radical politically-motivated agendas” (read more here). The Executive Order instructed
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FINRA Publishes 2026 Annual Regulatory Oversight Report
The Report highlights FINRA’s continued focus on generative artificial intelligence, cybersecurity, small-cap securities fraud, and third-party risk
The Financial Industry Regulatory Authority, Inc. (“FINRA”) published its 2026 FINRA Annual Regulatory Oversight Report (the “Report”), which builds on the structure and content of FINRA’s prior reports for 2021-2025. This year, the Report was published earlier than…
Artificial Intelligence Disclosure
Last week, the Securities and Exchange Commission’s Investor Advisory Committee met to discuss, among other things, whether to recommend to the SEC that it issue additional disclosure guidance related to artificial intelligence (AI). With some dissent, the Committee ultimately voted in favor of the recommendations (see Disclosure of Artificial Intelligence’s Impact on Operations),…
Preparing for the 2026 US Proxy & Annual Reporting Season
Webinar | December 10, 202512:00 p.m. – 1:00 p.m. ESTRegister 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.…
SEC Investor Advisory Committee to Discuss Corporate Governance, Tokenization & AI Disclosure
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…
Webinar Series: Preparing for the 2026 US Proxy & Annual Reporting Season
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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.…
Fewer Comment Letters, Sharper Focus: 2025 SEC Comment Letters Trends
EY’s recent SEC Reporting Update highlights 2025 trends in comment letters issued by the staff of the Securities and Exchange Commission (the “Staff”) to registrants about disclosures in their periodic filings. The survey found that the volume of comment letters issued in the past year (ended June 30, 2025) declined, reversing the elevated volumes of…