Changeflow GovPing SEC March 24, 2026
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SEC Order Scheduling Briefs for Joseph Gordon Nelson

The SEC has issued an order scheduling the briefing schedule for Joseph Gordon Nelson's application for review of FINRA's action. Briefs are due on April 23, 2026, with opposition briefs due May 25, 2026, and reply briefs due June 8, 2026. Failure to file may result in dismissal.

Priority review Enforcement Securities
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SEC Remarks on Digital Asset Markets Clarity

SEC Chairman Paul S. Atkins announced new guidance clarifying the definition of investment contracts and distinguishing between categories of digital assets, with four categories identified as not securities. This action aims to provide much-needed clarity to digital asset markets and entrepreneurs operating within federal securities laws.

Priority review Notice Securities
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SEC Obtains Final Judgments Against Former Ozy Media Executives

The SEC has obtained final consent judgments against former Ozy Media executives Samir Rao and Suzee Han, resolving litigation over alleged misrepresentations to investors. The judgments permanently enjoin them from violating antifraud provisions and include officer/director bars for Rao.

Priority review Enforcement Securities
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SEC Obtains Final Consent Judgment Against Investment Adviser Stuart Frost

The SEC has obtained a final consent judgment against Stuart Frost, an investment adviser to five private venture capital funds. Frost was charged with defrauding investors of over $14 million by charging undisclosed incubator fees. He has been permanently enjoined from violating antifraud provisions and ordered to pay a $150,000 civil penalty.

Urgent Enforcement Financial Services
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SEC v. Kevan Sadigh - Final Judgment

The SEC has filed a Final Judgment against Defendant Kevan Sadigh in the U.S. District Court for the Central District of California. The judgment permanently enjoins Sadigh from violating securities laws related to insider trading and market manipulation, specifically Section 10(b) and Rule 10b-5, and Section 14(e) and Rule 14e-3 of the Exchange Act.

Urgent Enforcement Securities
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SEC Grants Ally Financial Waiver from Ineligible Issuer Status

The SEC's Division of Corporation Finance granted Ally Financial Inc. a waiver from its 'ineligible issuer' status under Rule 405 of the Securities Act of 1933. This waiver is a result of a settlement by its subsidiary, Ally Invest Advisors Inc., with the SEC regarding disclosure violations.

Priority review Enforcement Securities
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SEC Order Grants Accelerated Approval for Cboe EDGX Rule Change on Retail Price Improvement

The SEC has granted accelerated approval for a rule change proposed by Cboe EDGX Exchange, Inc. The rule change modifies EDGX Rule 11.21 to adopt a Retail Price Improvement Program and adjusts other rules to describe the behavior of orders containing non-displayed instructions. This action aims to enhance price improvement opportunities for retail investors.

Priority review Notice Securities
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SEC Approves Cboe Exchange Rule Change for Market-Maker Orders

The Securities and Exchange Commission (SEC) has approved a rule change proposed by Cboe Exchange, Inc. This change permits market-maker orders to be solicited as the contra-side order in certain exchange auctions. The approval was published on March 24, 2026.

Routine Notice Securities
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SEC - Agency Information Collection Activities; Form N-14 Extension

The SEC has published a notice requesting public comment on an extension for Form N-14, an information collection activity. This notice is part of the agency's standard review process for information collections under the Paperwork Reduction Act.

Routine Notice Securities
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Cboe Exchange Inc. Fee Adjustments for FINRA Fees

The SEC has published a notice regarding a proposed rule change by Cboe Exchange Inc. to amend its fee schedule. This change is intended to reflect adjustments to certain FINRA fees, ensuring alignment between exchange and regulatory fees.

Routine Notice Securities
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Advisors Series Trust and Scharf Investments, LLC Notice

The Securities and Exchange Commission has issued a notice regarding Advisors Series Trust and Scharf Investments, LLC. This notice pertains to an application filed on October 3, 2025, and amended on February 27, 2026, under the Investment Company Act.

Routine Notice Securities
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SEC Notice: FP Strategies LLC Filing

The Securities and Exchange Commission has published a notice regarding a filing by FP Strategies LLC and other entities. This notice pertains to an application filed on February 6, 2026, under the Investment Company Act.

Routine Notice Securities
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Cboe Exchange Inc. Fee Schedule Amendment - Floor Booth Fees

The SEC has published a notice regarding Cboe Exchange Inc.'s proposed rule change to amend its fee schedule. This amendment specifically addresses floor booth fees. The filing was effective immediately upon filing.

Routine Notice Securities
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MIAX PEARL LLC Rule Change Approval for Sub-Dollar Securities

The SEC has approved a rule change for MIAX PEARL LLC, allowing for 'post only' orders in sub-dollar securities. This notice details the approval of the proposed rule change filed by MIAX PEARL.

Routine Notice Securities
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SEC Institutes Cease-and-Desist Proceedings Against Ally Invest Advisors

The SEC has instituted administrative and cease-and-desist proceedings against Ally Invest Advisors Inc. for alleged breaches of fiduciary duty related to undisclosed conflicts of interest in its robo-advisor accounts and misrepresentations about its investment methodology. Ally Invest has submitted an Offer of Settlement.

Urgent Enforcement Securities
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SEC Institutes Proceedings Against Egan-Jones Ratings Company

The SEC has instituted administrative proceedings against Egan-Jones Ratings Company (EJR), a registered credit rating agency. The proceedings concern EJR's application for re-registration in certain credit rating classes, following a previous revocation of its registrations.

Priority review Enforcement Securities
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SEC Obtains Final Judgment Against Kevan Sadigh for Insider Trading

The SEC announced that a final consent judgment has been entered against Kevan Sadigh for insider trading. The judgment permanently enjoins Sadigh from violating securities laws and orders him to pay $108,120 in disgorgement, which is satisfied by a parallel criminal forfeiture order.

Priority review Enforcement Securities
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USPTO TTAB Proceedings and Trademark Applications Data Feeds

This notice describes new structured data feeds for change detection, specifically for USPTO Trademark Trial and Appeal Board (TTAB) proceedings and trademark applications. The feeds provide normalized data for over 1,600 TTAB items and over 100,000 trademark applications across various industrial and consumer classifications.

Routine Notice Intellectual Property