The U.S. Securities and Exchange Commission (SEC), the federal agency overseeing securities markets and investor protection, has formally withdrawn fourteen pending rule proposals introduced under the prior administration. Filed on June 12, 2025, the action confirms that any future rulemaking on these topics will require a new proposal and a fresh opportunity for public comment. The withdrawn proposals include those affecting investment advisers, broker-dealers, and investment companies. Key proposals withdrawn include rules on predictive data analytics, safeguarding advisory client assets, cybersecurity requirements, outsourcing practices, best execution standards, and ESG-related disclosures. One proposal, titled Regulation Best Execution, aimed to create a new framework for broker-dealer practices, while another would have expanded custody rules to include digital assets.
Additional proposals withdrawn cover broader market issues, such as swap position reporting, system compliance obligations, exchange definitions, and CAT data security. However, the joint “Customer Identification Program” (CIP) rule with the Department of the Treasury was notably absent from the list, raising questions about its future. While some rulemakings may return in revised form, the current administration has now cleared the previous docket, marking a restart in regulatory planning.
