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Unchained Markets by ICAN Law

Unchained Markets by ICAN Law—a nonprofit public interest litigation organization committed to breaking down barriers to capital markets and reining in the unchecked power of the SEC.

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Could One Supreme Court Decision Democratize America’s Financial System?

How Barry v. SEC could provide the legal certainty needed to foster innovation, accelerate capital formation, and ensure that all Americans have equal access to portfolio diversification.

Who Does This Protect?

The SEC's current leadership says the regulatory agency’s mission is investor protection. Jamie Quick's case is one of many examples where we have to ask, who is this protecting?

Our Law Clerk Believed the Casebook. A Year Later, He Doesn't.

He reached his own conclusion by watching what happened to the clients he helped

There's an Accredited Investor Rule Conversation No One's Having.

What the Policy Debate Is Missing

Why Is the SEC Suddenly Getting Sued So Much?

A Vanderbilt law professor has a theory. Our docket has the receipts.

The Not-So-Secret Recipe for Keeping Regulation-by-Enforcement Alive

A recent Second Circuit opinion shows the classic recipe is still on the menu—but with one ingredient now out of stock.

Paternalism Does Not Equal Protection: Reforming FINRA’s Pattern Day Trader Rule

FINRA created the PDT rule to protect traders. In reality, it’s done the opposite — locking Americans out of the market and driving riskier behavior. Here’s what we learned from those most affected as

Chair Atkins and ICAN Agree on Two Critical Fixes to SEC Enforcement

Chair Atkins’ keynote at Fordham Law didn’t just address Wells process reform—it spotlighted a deeper problem inside the SEC that drives overreach.

Rewriting the Rules of Investor Access

Wealth-based investor rules continue to block everyday Americans from private markets. But bipartisan bills in Congress could finally change that—if the details are right.

Why One SEC Administration’s Trash Is Another One’s Treasure

The Carebourn Capital case shows we shouldn’t be celebrating dropped cases