National Law Review

SEC Proposes Expanded “Small Entity” Definitions for Purposes of the Regulatory Flexibility Act

On January 7, 2026, the Securities and Exchange Commission (the “SEC”) proposed updates to the definition of “small entity” ...
InvestmentNews

SEC moves to redefine ‘small’ for advisory firms with $1B AUM line

Move would sweep many more RIAs and funds into the “small entity” bucket, potentially reshaping how the federal securities ...
Wealth Management

SEC Proposes Changing Which Advisors Are 'Small Entities'

SEC proposal would increase the number of investment advisors classified as small entities under new rules. The threshold ...
Law

The Separate Entity Rule: The Deep Divide

Lanier Saperstein and Geoffrey Sant of Dorsey & Whitney write that most federal district courts have held that the Court of Appeals' 2009 decision in 'Koehler' abrogated the separate entity rule, at ...