SEC Delays Stock Trail Privacy Overhaul: More Time for Review

2026-10373 — Registered Offering Reform

The SEC wants to make it easier and cheaper for more companies to sell their stocks and bonds to the public. They’re opening up special forms and benefits to more businesses, updating rules to be more modern, and cutting red tape by overriding some state rules. If you’re a company planning to raise money, these changes could speed things up and save you money, with feedback due by July 27, 2026.

2026-10222 — Enhancement of Emerging Growth Company Accommodations and Simplification of Filer Status for Reporting Companies

The SEC is making it easier for companies that report their finances by simplifying their categories into just two groups: big and small filers. Smaller companies, including emerging growth ones, will get more time to file reports and enjoy simpler rules, while big companies keep stricter standards. These changes aim to save time and money, with feedback open until July 20, 2026.

2026-07651 — Concept Release on Consolidated Audit Trail and Other Audit Trails and Data Sources

The SEC wants your thoughts on how it tracks stock market trades using the Consolidated Audit Trail and other data tools. They’re thinking about updating rules to keep up with new tech, privacy, and security needs, and to make sure the system is fair and cost-effective. If you’re involved in the stock market or data tracking, speak up by June 22, 2026!

2026-11144 — Self-Regulatory Organizations; National Securities Clearing Corporation; Notice of Filing of Proposed Rule Change To Enhance NSCC's Clearing Fund Methodology

The National Securities Clearing Corporation (NSCC) wants to improve how it handles risks from exchange-traded products (ETPs) by updating its Clearing Fund rules. This change affects NSCC members who trade these products and aims to keep the system safer and stronger. The new rules could impact how much money members need to put into the fund, with the proposal open for public comments starting June 2026.

2026-11208 — Agency Information Collection Activities; Submission for OMB Review; Comment Request; Extension: Rule 203-2 & Form ADV-W

The SEC is asking to keep the rules that require investment advisers to tell them when they stop being registered by filing Form ADV-W. This affects all advisers registered or applying with the SEC and takes about 15 to 45 minutes to complete. No big changes or costs, just a smooth extension to keep things running on time.

2026-11209 — Agency Information Collection Activities; Submission for OMB Review; Comment Request; Extension: Rule 15c3-1

The SEC is asking to keep the rules that make sure brokers have enough money to pay their customers. This affects all brokers and dealers, who spend lots of time and money following these rules. You can share your thoughts by July 6, 2026, before the rules get extended without changes.

Previous: 2025-17810 — Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Order Instituting Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change To Amend the FINRA Capital Acquisition Broker (“CAB”) Rules

FINRA wants to update its rules so Capital Acquisition Brokers (CABs) can help sell new unregistered securities to more types of investors and even assist institutional investors selling their own unregistered securities. They also want to clarify how CABs get paid and allow certain private deals under clear rules. The SEC is now deciding if these changes are good to go, with a decision expected by September 12, 2025.

Next: 2025-17812 — Self-Regulatory Organizations; Investors Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Modify the IEX Fee Schedule Concerning Logical Order Entry Ports

IEX is raising fees for its logical order entry ports, which traders use to send and receive trade orders. This change affects anyone using IEX’s order entry system and kicks in on October 1, 2025. If you trade on IEX, expect a bit higher costs starting then!