Articles + Publications May 6, 2026

Investment Management Update – Q1 2026

Written by

Joseph V. Del Raso John M. Ford Genna Garver Theodore D. Edwards Terrance James Reilly Joseph T. Cataldo DeJuawn "DJ" Griffin Michael Matthews James L. Severs Meghan E. Termat Taylor M. Williams Barbara H. Grugan

Contacts

John M. Ford Genna Garver Stephanie Pindyck Costantino Christopher A. Rossi Paul A. Steffens

In This Update

Covering legal developments and regulatory news for funds, their advisers, and industry participants for the quarter ended March 31. 

Rulemaking and Guidance
  • SEC Small Business Advisory Committee to Continue Discussion on Regulatory Framework for Finders and Begin Exploring the Private Secondary Market  
  • FINRA’s Proposed Outside Activities Rule 3290  
  • FINRA Adopts Amendments to the Capital Acquisition Broker Rules  
  • SEC’s Division of Enforcement Announces Updates to Enforcement Manual  
  • FINRA Adopts Amendments to Rule 3220 (Influencing or Rewarding Employees of Others)  
  • Fund of Funds Arrangements – Frequently Asked Questions  
  • SEC Clarifies the Application of Federal Securities Laws to Crypto Assets
SEC and SRO News
  • Keith E. Cassidy Named Director of the Division of Examination  
  • SEC and CFTC Announce Historic Memorandum of Understanding Between Agencies  
  • SEC Enforcement Division Director Judge Margaret A. Ryan Has Resigned From the Agency

Click here to read this issue.

Troutman Pepper Locke’s Investment Management Group serves a wide range of businesses in the investment management community. Our practice involves three general areas: representation of registered investment companies and registered investment advisors, representation of alternative investment funds and investors in alternative products, and counseling regarding securities regulation, enforcement and litigation. Contact any of our professionals if you have questions about this update or any other investment management issues.

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