SEC Gives U.S. Bancorp Temporary Pass After Old Court Order
Published Date: 5/19/2026
Notice
Summary
U.S. Bancorp and its partners got a temporary green light to keep doing some fund services despite a court order against BTIG from 2022. This temporary okay lasts until the SEC decides on a permanent solution, so things keep running smoothly without money hiccups. If you want to speak up, you’ve got until June 9, 2026, to ask for a hearing.
Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
Temporary Exemption Keeps Fund Services Running
If you own shares of funds advised or underwritten by U.S. Bancorp’s advisers, the SEC granted a temporary exemption effective May 15, 2026 that lets those advisers and underwriters continue providing Fund Servicing Activities despite a 2022 court judgment involving BTIG. The Applicants say this prevents funds and their shareholders from being deprived of advisory or underwriting services and avoids substantial costs, including costs to identify successors, hold board meetings, and solicit shareholders.
Deadline to Request a Hearing
If you want a hearing about the temporary order, you must request it by emailing the SEC Secretary and serving the Applicants by 5:30 p.m. Eastern on June 9, 2026. Hearing requests must include the file number 812-16028 and proof of service (an affidavit or certificate of service for lawyers).
Your PRIA Score
Personalized for You
How does this regulation affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this federal register document and every other regulation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
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!
2026-09964 — Self-Regulatory Organizations; MIAX SAPPHIRE, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the Short Term Option Series Program
MIAX Sapphire is updating its Short Term Option Series Program to clear up how Monday and Wednesday short-term options work when a company announces earnings after the market closes. This change helps traders understand option listings better and keeps things running smoothly. The update is effective immediately and mainly affects traders dealing with these special short-term options.
2026-09951 — Proposed Collection; Comment Request; Extension: Rule 206(4)-6
The SEC wants to keep the rules that make sure investment advisers vote your shares in your best interest. This affects advisers who vote proxies for clients and requires them to keep clear policies, share how they vote, and handle conflicts fairly. They’re asking for comments before extending this rule, with no big changes or extra costs expected, so everything stays transparent and trustworthy.
2026-09967 — Self-Regulatory Organizations; Cboe EDGX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Chapter 8 of the Exchange's Rulebook Relating To Investigative and Disciplinary Matters
Cboe EDGX Exchange is updating its rules about how it investigates and disciplines its members and their associates. These changes clarify who the Exchange can discipline and improve the process to keep things fair and clear. The new rules took effect right after filing on May 4, 2026, with no new fees involved.
2026-09960 — Self-Regulatory Organizations; MIAX Emerald, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Exchange Rule 515A, MIAX Emerald Price Improvement Mechanism and PRIME Solicitation Mechanism
MIAX Emerald is updating its rules to let Market Makers join special auctions called PRIME and cPRIME as potential trading partners. This change helps speed up trades and could improve prices for investors using these options. The new rule took effect right after filing on May 1, 2026, so Market Makers and traders should get ready for smoother, faster deals!
2026-09965 — Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Modify the NYSE Arca Options Fee Schedule To Adopt Fees Applicable to Trading Options on MXWLD, MXACW, and MXUSA
Starting May 1, 2026, NYSE Arca is updating its options fee schedule to include new fees for trading options on three cool indexes: MSCI World (1/100), MSCI ACWI, and MSCI USA (1/100). Traders and investors dealing with these options will see these changes right away, making it clear how much it costs to trade these fresh products. This update helps keep fees fair and transparent as new options hit the market!
Previous / Next Documents
Previous: 2026-10014 — Notice of Request for Revision to and Extension of Approval of an Information Collection; Swine Health Protection
The USDA’s Animal and Plant Health Inspection Service wants to update and keep collecting info about the Swine Health Protection program, which helps keep pigs safe and healthy. This affects pig farmers and anyone involved in feeding pigs, especially with garbage feeding rules. They’re asking for public comments by July 20, 2026, and there’s no big cost change, just smoother paperwork.
Next: 2026-10016 — The Emergency Food Assistance Program; Availability of Foods for Fiscal Year 2026
The USDA is sharing a fresh batch of foods for the Emergency Food Assistance Program (TEFAP) in Fiscal Year 2026 to help feed families in need. States will get their food supplies based on poverty and unemployment rates, and they decide how to share it with local groups for meals or home use. This update keeps the food flowing smoothly with no big changes in funding, so hungry folks won’t miss a beat!