SEC Announces Fiscal Year 2027 Examination Priorities

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The U.S. Securities and Exchange Commission announced on Oct. 23, 2026, that its Division of Examinations released its Fiscal Year 2027 examination priorities, developed in coordination with divisions and offices across the SEC to guide its risk-based program across more than 34,000 registrants. The document states key areas of focus include investment advisers' fiduciary obligations, retail investor protection regarding complex and illiquid products, private funds and private credit, broker-dealer financial responsibility and AML compliance, operational resiliency and cybersecurity, emerging technologies including super intelligence, evolving market infrastructure such as Treasury clearing reforms and tokenization, and oversight of self-regulatory organizations. The Division stated that these priorities are not an exhaustive list and that it may adjust its focus areas during the year in response to market events and other developments. SEC Chairman Paul S. Atkins and Division of Examinations Director Keith Cassidy are quoted describing the role of examinations and the Division's approach to adapting to market changes.

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