Digest October 20th

SEC Delays Private Fund Enhanced‑Disclosure Rule to October 2026

The SEC has extended again the deadline for private investment funds and advisers to comply with enhanced disclosure regulations covering exposures across investments, counterparties, currencies, countries, and industries. The extra time is intended to give the SEC more breathing room to refine compliance requirements and reduce the burden.
Reuters

SEC Panel Recommends Stronger Protections for Retail Investors in Private Funds

The SEC’s Investor Advisory Committee has called for enhanced investor safeguards as private funds become more accessible to non‑institutional investors. Recommendations include revising the accredited‑investor definition to emphasize investor knowledge instead of purely wealth thresholds, and improving disclosures regarding illiquidity, valuation risk, and conflicts of interest.
The Wall Street Journal

FINRA Adopts New Portal Requirement for Office of Hearing Officers Proceedings

Starting October 7, 2025, FINRA will require use of an online portal for all proceedings before its Office of Hearing Officers. The portal aims to streamline filings, improve transparency in procedural communications, and reduce delays. Advisors and firms involved in disciplinary or adjudicatory proceedings should prepare to adapt to the new requirement.
FINRA