These are some compliance-related stories that recently caught my attention.
She Was Invisible for Six Months. Then She Found Out She Was Even More Invisible Than She Thought.
By John Reed Stark in LinkedIn
And here is the darkest irony embedded in that transcript: the SEC enforcement division Ryan helped hollow out — the one that lost its most experienced senior staff, the institutional memory, the trial-scarred veterans who actually know how to build and win cases — that division wasn’t just bypassed in the Musk negotiations. It was treated as irrelevant.
Shakespeare Was Right About the Lawyers
By Rick Jones in Crunched Credit
Offering documents have grown from 100 pages to 400 pages over the past 25 years while loan agreements and mortgage documents similarly have grown from dozens of pages to hundreds of pages. Did the world get more complex? Did the fundamental structure of the universe change so much that it required that many more words to describe what is fundamentally the same transaction? Are our transactions so much more sophisticated and complex today than they were 20 years ago, such that the language of 20 years ago is simply inadequate for purpose? I don’t think so. Are we better for it?
Remarks by Commissioner Uyeda on Investor Choice and the Limits of SEC Regulation
Harvard Law School Forum on Corporate Governance
But public markets do not thrive in isolation. The public and private markets co-exist in a symbiotic relationship. Private markets have always been the seedbed where ideas become businesses, from which public markets draw their most dynamic companies. For much of modern history, private markets have incubated companies that were not yet ready for the public markets, which at some point in the future when they were at a more mature stage, went public. The question is not how to choose between them; it is how to allow everyday Americans to have exposure to the opportunities that exist in both markets.
Top Ten Regulatory and Litigation Risks for Private Funds in 2026
in Proskauer’s The Capital Commitment
If we had to define the mood for 2026 in three words, we would choose alert, intentional and institutional. After several years of normalizing longer hold periods and navigating evolving regulatory frameworks, 2026 will see managers permanently vigilant – vigilant in pursuing value creation theses, identifying exit opportunities and embedding robust governance structures to mitigate litigation and regulatory risks.