{"id":1520,"date":"2025-06-19T10:19:07","date_gmt":"2025-06-19T10:19:07","guid":{"rendered":"https:\/\/iqeq.com\/us\/insights\/sec-hits-ctrlz-on-proposed-rules-targeting-investment-advisers\/"},"modified":"2025-06-27T10:58:12","modified_gmt":"2025-06-27T10:58:12","slug":"sec-hits-ctrlz-on-proposed-rules-targeting-investment-advisers","status":"publish","type":"post","link":"https:\/\/iqeq.com\/us\/insights\/sec-hits-ctrlz-on-proposed-rules-targeting-investment-advisers\/","title":{"rendered":"SEC hits Ctrl+Z on proposed rules targeting investment advisers\u00a0"},"content":{"rendered":"
\n

By Alyssa Barcheers, Managing Director, U.S.<\/span><\/i>\u00a0<\/span><\/p>\n

On June 12, 2025, the U.S. Securities and Exchange Commission (SEC) under new Chairman Paul Atkins officially hit \u201cundo\u201d on numerous rule proposals that were released under former Chairman Gary Gensler, including many that were expected to significantly impact investment advisers and private funds.<\/span><\/b>\u00a0<\/span><\/p>\n

The SEC noted that it does not intend to issue any final rules with respect to these proposals, and any future regulatory action in any of these areas would start from scratch.<\/span>\u00a0<\/span><\/p>\n

Why did this happen?<\/h2>\n

Former SEC Chairman Gary Gensler gained a reputation for being a tough, reform-minded regulator, proposing an historic 50 new rules in under three years. He frequently stated that as technology evolved, regulations should too. Authors of the Advisers Act could not have fathomed what the likes of AI, predictive analytics, digital assets and cybersecurity threats would all mean for the financial industry. Gensler sought to bridge that gap through rule-making.\u00a0<\/span>\u00a0<\/span><\/p>\n

When political tides shifted, though, the new SEC leadership reversed course. From the outset, Atkins made clear that he would be focused on streamlining regulations, trying to reduce complexity, avoid duplicative rules, and ensure appropriate cost-benefit analyses are conducted. This led to an unsurprising usurp of 14 of Gensler\u2019s proposed rules.<\/span>\u00a0<\/span><\/p>\n

What does this mean for your firm?<\/h2>\n

If you are an investment advisory firm, you can breathe a sigh of relief. Here\u2019s a breakdown of withdrawn proposals with the largest impact on investment advisers:<\/span>\u00a0<\/span><\/p>\n