UpFront » July 2026

The SEC’s new proposed E-Delivery Rule seeks to modernize the process of firms providing required disclosures, reports and other regulatory information. Once finalized, the rule would allow firms to use e-delivery without obtaining affirmative consent from clients. FrontLine Compliance Founder and President Amy Lynch extensively discusses the significance of the rule for compliance departments. She comments that it would allow for more accurate tracking of information delivery since electronic tracking is much more efficient than…

In its latest fiscal year, the SEC had 22 percent fewer enforcement cases than in its prior fiscal year, according to SEC statistics. With a change at the top of its Enforcement Division this past April, the SEC may finally be moving toward increasing its enforcement case load after a downward trend. The new Director of Enforcement, David Woodcock, has prior SEC experience, unlike his predecessor Judge Margaret Ryan, who abruptly left the agency after…

The latest SEC Risk Alert shows that conflicts of interest remain a top examination focus area. Amy Lynch, FrontLine’s Founder and President, states that this particular Risk Alert is very specific regarding economic conflicts around adviser compensation. SEC examiners found that adviser fees were inconsistent with advisory agreements and/or disclosures, the disclosures were misleading or omitted material information, and that compliance programs did not fully address economic conflicts that were present. Ms. Lynch highlights the…

Still awaiting its final approval, the SEC’s amended Form PF Rule would require vastly fewer investment advisers to private funds to report their fund data. Originally viewed as needed compliance reporting following the 2008 financial crisis, Form PF was perceived as a way to gauge systemic risk tied to the accumulation of assets and trading in the private funds market. The current SEC administration’s view is that the original Form PF Rule’s filing requirements were…

The SEC has its sights set on proposing up to 60 new rules and amendments. According to its Chairman Paul Atkins, the SEC will pursue robust rulemaking for the remainder of 2026 through the end of 2027. Amy Lynch, FrontLine’s Founder and President, comments that the recently released SEC Regulatory Agenda contains expected proposed rules that will mainly be amendments to existing rules, with a crypto rule being the exception. She explains that the SEC’s…