SEC Releases FY2027 Examination Priorities

On October 23, 2026, the SEC released the FY2027 examination priorities of its Examination Division, covering more than 34,000 registered entities including investment advisers, broker-dealers, and clearing agencies. Key focus areas include investment adviser fiduciary duties, retail investor protection, private funds and private credit, cybersecurity, emerging technologies such as superintelligence, Treasury clearing reform, and market infrastructure risks such as tokenization. These priorities are not an exhaustive examination checklist, and the Examination Division will dynamically adjust its focus based on market developments.