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The notion that the SEC staff has pulled back from aggressive enforcement is widely mischaracterized, and SEC v. Barry is a clear example of what is really happening unless we step in. For more than a decade, the agency has devoted extraordinary resources to pursuing these individual salespeople (destroying their lives and careers along the way) who had no reason to believe they were doing anything wrong. Their employer had received legal advice—based on binding precedent—tha

  By challenging the accredited investor rule on constitutional grounds, we are not just asking for a policy fix—we are seeking to establish guardrails that ensure regulators can never again impose arbitrary wealth and income tests that strip most Americans of equal access to economic opportunity.

Now we are helping Ray fight one more SEC injustice: a professional bar that only ends when the SEC says it does, even though his “right to apply for reentry” began seven years ago. The SEC’s process for lifting bars is full of Catch-22 requirements, procedural traps for the unwary, and other impediments that make the right to apply for reentry “illusory” in the words of one former SEC Commissioner. We are fighting to change that.

We’re pleased to bring you the latest updates in this issue, including new developments in our ongoing construction of a legal bulwark against SEC overreach—and a critical look at H.R. 3394, a bill that threatens to take a major step backward in expanding access to America’s capital markets.

Behind the Headlines: Why the SEC's Retreat Isn't the Reform You Think It Is

Update: Supreme Court Petition Filed & Entrex Shareholders Win Against FINRA

Rapid Results: ICAN's Strategic Approach Puts Regulatory Agencies on Notice

WSJ Feature, Senior Leadership Expansion & Congressional Action

Litigation Updates: ICAN Wins Continue Building Legal Guardrails to Restrain SEC Overreach

A Promising Start to 2025:Setting the Stage for Meaningful SEC Reform

Informed by the experience and expertise of ICAN’s staff and the nationwide ICAN Legal Network, the ICAN 2025 Action Plan is a comprehensive

Our Milestone Year: Driving SEC Reform & Offering Relief to Those Impacted by SEC Overreach

ICAN advances its mission on two fronts with a compelling Ninth Circuit Court appearance in SEC v Barry et al. and files a formal challenge

ICAN Files Legal Challenge to SEC's Inaction on Accredited Investor Reform

This Giving Tuesday, you can help us tear down one of the most significant barriers to economic mobility in America: the Accredited Investor

What began as the regulatory equivalent of a traffic ticket—a technical supervision violation with no investor losses—has morphed into what

Highlighting stories from Main Street businesses and investors demonstrating why ICAN's bottom-up, litigation-focused approach is crucial fo

Less than nine months ago, with the help and support of so many of you, ICAN took on our first direct litigation case—SEC v Punch TV. I am p

Most of the average Americans who go online each day to trade stocks have no idea how easily they could become ensnared in the dense web of

As relentless advocates for small businesses, entrepreneurs, and investors, ICAN must maintain a marathon mindset, always prepared to confro