Articles + Publications September 1, 2026

Investment Management Update – Q2 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 June 30. 

Rulemaking and Guidance

  • SEC Divisions of Investment Management and Corporation Finance Issue Staff Guidance Supporting Retirement Plans for Small Businesses  
  • SEC Increases ‘Qualified Client’ Thresholds Effective June 29, 2026  
  • Guidance Regarding the Application of FINRA Rules in Relation to the SEC No-Action Letter on Personal Services Entities  
  • Daily Customer and Broker-Dealer Proprietary Account (PAB) Reserve Computations  
  • FUNDamental QuickStudy: SEC Division of Examinations Issues Risk Alert on Economic Conflicts of Interest for Investment Advisers  
  • SEC Seeks Public Comment on Novel Exchange-Traded Funds

Litigation and Enforcement

  • SEC Formally Rescinds ‘No Deny’ Settlement Policy and Says It Won’t Enforce Existing Gag Provisions  
  • Supreme Court Shuts the Door on Private Rescission Claims Under Section 47(b) of the Investment Company Act

SEC and SRO News

  • David Woodcock Appointed as Director of the Division of Enforcement

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 advisers, 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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