Latest Developments

• SEC Proposes Long-Awaited E-Delivery Approach

• SEC Proposes Rescission of Pay-to-Play Rule

• SEC Proposes Rescission of Shareholder Proposal Rule and Proxy Process Reforms

• SEC Announces Examination Handbook

Latest Developments: Funds

• SEC Provides Relief for ETF Concentration Limits

Latest Developments: Funds

• SEC Risk Alert – Investment Adviser Annual Compliance Reviews

Enforecement Actions

• Rule 18f-4 and Affiliated Transaction Violations (Simplify Asset Management, Inc.)

Additional Topics

• SEC Proposes New Crypto-Asset Offering Framework

• SEC Aligns Fund Governance Rule with Federal Court Decision

• SEC Invites Public Comment on Novel ETFs