SEC Publishes Data on Public and Private Offerings, Municipal Advisors, Transfer Agents, and Securities-Based Swap Dealers
The SEC’s Division of Economic and Risk Analysis released an extensive data set covering IPOs, follow‑on offerings, corporate bonds, Regulation D, ABS, CMBS, and security‑based swap dealers. In 2025, IPO activity jumped to 374 deals raising over $70 billion, while Regulation D offerings climbed to 34,553, generating $2.4 trillion. Corporate bond counts slipped slightly but capital raised rose to $1.25 trillion, and ABS issuances increased to 2,320. The agency also added interactive visualizations and a detailed report on the financial health of SBSDs.
SEC Proposes Amendments to Exchange Act Rule 15c2-11
The U.S. Securities and Exchange Commission has issued a proposal to amend Exchange Act Rule 15c2-11, limiting its scope exclusively to equity securities. The rule, originally designed to curb manipulative practices in the over‑the‑counter (OTC) market, will now clarify that its...
SEC Announces Roundtable on Options Market Structure Reform
The U.S. Securities and Exchange Commission will hold a public roundtable on April 16, 2026, to examine the structure of listed options markets. The discussion will address competition in a quote‑driven environment, the retail investor surge, and the overall customer...
SEC Proposes Amendments to Reduce Burdens in Reporting of Fund Portfolio Holdings
The SEC has proposed amendments to Form N‑PORT that give investment companies an extra 15 days to file their monthly portfolio reports and shift public disclosure from a monthly to a quarterly cadence. The changes also eliminate the “Names Rule”...
SEC Publishes Data on Exchange Traded Funds and Fund Mergers; Updated Statistics on Municipal Advisors, Transfer Agents, and Security-Based Swap...
The SEC’s Division of Economic and Risk Analysis released two new reports detailing the rapid expansion of active exchange‑traded funds and the fee outcomes of mutual‑fund and ETF mergers. Active ETFs now number close to passive funds, exhibiting higher turnover,...
Keith E. Cassidy Named Director of the Division of Examinations
The U.S. Securities and Exchange Commission appointed Keith E. Cassidy as Director of the Division of Examinations, confirming his role after serving as acting director since May 2024. Cassidy previously led the division’s Technology Controls Program and the SEC’s CyberWatch...