The Managed Funds Association urged FINRA to maintain the principles-based best execution standard in FINRA Rule 5310 and avoid prescriptive mandates as it updates its guidance.

The SEC proposed (i) allowing investment advisers to act as custodians (referred to in the proposal as "self-custody") for the crypto assets of their clients (including clients that are regulated funds) subject to a variety of conditions, (ii) authorizing advisers and regulated funds to determine that a state trust company is a permitted custodian, and (iii) facilitating the legal authority of broker-dealers to act as custodians for regulated funds.

Commissioner Hester Peirce's exit from the SEC took effect October 2, 2026. Ms. Peirce served as an SEC staff member from 2000 to 2008 and had been Commissioner since 2018. Her staff work included serving as Counsel to SEC Chair Paul Atkins when he was a Commissioner.

Senate Banking Committee Ranking Member Elizabeth Warren (D-MA) and other congressional Democrats warned against budget cuts by the Federal Housing Finance Agency.

NYSE filed a rule change with the SEC to shorten the wait before an associated person of an NYSE member organization can retake a failed qualification exam.