Archive:October 26, 2026

By: Thoreau A. Bartmann, Jennifer L. Klass, Meghan E. Flinn

It’s that time of year again. Like pumpkin spice, the US Securities and Exchange Commission (SEC) Division of Examinations’ (the Division) annual priorities arrive each fall, and they mostly taste the same. The FY 2027 list, released 23 October 2026, keeps last year’s general framework for advisers and funds: fiduciary duty, compliance programs, fees and expenses, portfolio management, never-examined firms, and cybersecurity. But a few new ingredients made it into the recipe, and a few old ones quietly left.