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The Securities and Exchange Commission wants to get out of the business of policing political donations from investment advisers. But advisers that treat the SEC's new proposa l as a green light may find that their pay-to-play risk hasn't gone anywhere. Last month, the SEC proposed rescinding Rule 206(4)-5 under the Investment Advisers Act of 1940 in its entirety, along with the related recordkeeping requirements in Rule 204-2.
Akerman Litigation Practice Group Partner Douglas B. Paul and Associate Alyaa Chace contributed "Assessing The Early Days Of Woodcock's SEC Tenure" to Law360, examining how the SEC's Division of Enforcement has evolved in the months since David Woodcock took over as its director in May 2026.
By Douglas Paul and Alyaa Chace ( September 10, 2026, 4:51 PM EDT) -- In the four months since David Woodcock took over the U.S. Securities and Exchange Commission's Division of Enforcement, the division has settled into a posture its leaders summarize as a return to fundamentals.... Law360 is on it, so you are, too. A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence.
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