At the Table: The SEC's New Era of Rulemaking and Exam Priorities

This episode delves into the SEC’s current Commission, now a 3-1 majority, its application of regulations in rulemaking and exam priorities, and its approach to exam remediation. We examine impacts of new directors, recent asset management enforcement actions and overall trends, what we are seeing in exams within the context of registered funds and private funds, and the meteoric rise of retail access to alternative funds which we expect to be the SEC’s focus in the future.  

Episode Resources:

09.04.25 Simpson Thacher SEC Watch: Monthly Takeaways for Asset Managers - September 2025

08.12.25 Simpson Thacher Partners Author Bloomberg Law Article on Potential Enforcement Changes to SEC Advisers Act Rule 206(4)-8

07.15.25 SEC Drops First Ever Liquidity Rule Suit Against Mutual Fund Adviser and Officers and Trustees

Meet Your Episode Hosts:

Adam S. Aderton, Simpson Thacher

Partner, Asset Management Regulatory and Enforcement; former Co-Chief of the SEC’s Asset Management Unit

Justin L. Browder, Simpson Thacher

Partner, Asset Management Regulatory and Enforcement

Michael J. Osnato, Jr., Simpson Thacher

Partner and Head of the Firm’s Asset Management Regulatory and Enforcement Practice; former Chief of the SEC’s Complex Financial Instruments Unit

Contact Us

To learn more, visit us at www.regulatoryroundtablepodcast.com. If you have any questions or any topics you would like to hear covered, contact us at [e-mail]. 

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