{"id":23396,"date":"2025-04-16T19:07:07","date_gmt":"2025-04-16T19:07:07","guid":{"rendered":"http:\/\/www.thinkadvisor.com\/2025\/04\/16\/sec-backs-off-dealer-rule-but-legal-uncertainty-remains--sec-roundup\/"},"modified":"2025-04-16T19:07:07","modified_gmt":"2025-04-16T19:07:07","slug":"sec-backs-off-dealer-rule-but-legal-uncertainty-remains-sec-roundup","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2025\/04\/16\/sec-backs-off-dealer-rule-but-legal-uncertainty-remains-sec-roundup\/","title":{"rendered":"SEC Backs Off Dealer Rule, but Legal Uncertainty Remains &mdash; SEC Roundup"},"content":{"rendered":"<div class=\"media_block\"><a href=\"https:\/\/feeds.feedblitz.com\/-\/904492559\/0\/thinkadvisor.jpg\"><img decoding=\"async\" src=\"https:\/\/feeds.feedblitz.com\/-\/904492559\/0\/thinkadvisor.jpg\" class=\"media_thumbnail\"><\/a><\/div>\n<div><img decoding=\"async\" src=\"https:\/\/images.thinkadvisor.com\/contrib\/content\/uploads\/sites\/415\/2022\/12\/2022-3-2-SEC_ALM_640x640_Diego-M-Radzinschi.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<p>Welcome to SEC Roundup, a bimonthly video series by former Securities and Exchange Commission senior trial counsels Nick Morgan and Tom Zaccaro, founders of the nonprofit advocacy group Investor Choice Advocates Network.<\/p>\n<p>The SEC\u2019s controversial <a href=\"https:\/\/www.aima.org\/resource\/dealer-rule-court-opinion.html\" target=\"_blank\" rel=\"noopener\"><u>dealer rule was struck down<\/u><\/a> in federal court, and the agency has since withdrawn its appeal (and apparently backed off of other ongoing litigation) \u2014 effectively killing the rule. But the fight over who qualifies as a securities dealer isn\u2019t over. While the rule itself is no longer in effect, past court rulings have upheld the SEC\u2019s broader interpretation in certain enforcement cases, leaving legal uncertainty.<\/p>\n<div>\n<p>In this episode, Morgan is joined by Daniel Austin and Suzan Rose from the Alternative Investment Management Association to break down the latest developments. They discuss the SEC\u2019s attempt to redefine securities dealers through rulemaking and litigation, why the court struck down the dealer rule and what the SEC\u2019s withdrawal of its appeal means, the impact of past rulings that supported an expanded dealer definition, and what\u2019s next for pending litigation and future SEC enforcement strategies.<\/p>\n<p>As the SEC reassesses its approach, financial professionals and market participants must stay alert to potential shifts in regulatory enforcement. Tune in for expert analysis on where this issue stands and what comes next.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Welcome to SEC Roundup, a bimonthly video series by former Securities and Exchange Commission senior trial counsels Nick Morgan and Tom Zaccaro, founders of the nonprofit advocacy group Investor Choice Advocates Network. The SEC\u2019s&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":23397,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[1],"jetpack_featured_media_url":"https:\/\/blog.lifeinsurance-orleans.ca\/wp-content\/uploads\/2025\/04\/sec-backs-off-dealer-rule-but-legal-uncertainty-remains-sec-roundup.jpg","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/23396"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=23396"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/23396\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media\/23397"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=23396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=23396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=23396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}