Regulus — The global regulatory broadcast network

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United States DOJ Criminal Division Governance & Accountability ✓ 15 claims 29 Oct 2026

DOJ Antitrust Division sets out division of labour with state AGs on local mergers

The Justice Department has published an update on how its Antitrust Division is dividing merger review with state Attorneys General, naming completed consent decrees and referrals in cement and asphalt matters since January 2026. For GCs and antitrust counsel, it signals which authority is likely to take the lead on a given deal and when a federal filing may be deferred to a state enforcer.

The Division partnered with the Attorneys General of California and Tennessee on consent decrees resolving competition concerns in cement and asphalt regions within those states.
It referred asphalt market investigations in New York, Pennsylvania and New Jersey to those states' Attorneys General, who reached settlements with the parties.
Beller said the Division welcomes state leadership where the state is a purchaser facing direct injury or where competitive effects are confined to a single state.
Woodward said the Department will generally form its own views on resolving investigations into mergers of national importance, while partnering with states that contribute distinctively.

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DOJ Criminal Division Source document ↗

United States DOJ Criminal Division Conduct & Consumer ✓ 13 claims 29 Oct 2026

DOJ hands off two asphalt merger antitrust probes to state AGs after divestiture deals

The Justice Department's Antitrust Division closed two merger investigations in local asphalt markets by referring them to state attorneys general, who then secured divestiture agreements. The statement signals how the division is handing localized competition concerns to states while federal resources focus elsewhere.

DOJ issued Second Requests to Colas and Suit-Kote parties in October 2025 before referring the matter to New York and Pennsylvania.
New York and Pennsylvania settlement requires divestiture of four facilities, recorded as Assurance No. 26-065 and in Pennsylvania v. Colas Inc., No. 3:26-cv-1979 (W.D. Pa. filed Oct. 13, 2026).
CRH's proposed acquisition of Arcosa was valued at approximately $8.5 billion when announced in June 2026.
DOJ referred the CRH/Arcosa matter to the New Jersey Attorney General without issuing a Second Request, instead monitoring progress toward resolution.
The New Jersey divestiture agreement was filed as Davenport v. CRH plc, No. 3:26-cv-13625 (D.N.J. filed Oct. 20, 2026).

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DOJ Criminal Division Source document ↗

United States DOJ Criminal Division Governance & Accountability ✓ 16 claims 29 Oct 2026

DOJ charges 18 more noncitizens in North Carolina over 2024 election voting

The Justice Department has indicted 18 more noncitizens in North Carolina for voting in the 2024 general election, spread across the Eastern, Middle and Western Districts. Added to 12 defendants charged earlier this year, the new cases take the statewide total to 30. Prosecutors frame the push as a deterrent message before the 2026 election. This item sets out who is charged, with what, and the penalties involved.

Eighteen aliens, including one illegal alien, were indicted for voting in the 2024 general election, across North Carolina's Eastern, Middle and Western Districts.
The new charges are additional to 12 defendants previously indicted in the Eastern District, taking the statewide total charged this year to 30.
All nine Eastern District defendants are alleged to have falsely claimed U.S. citizenship to register and vote in 2024.
In the Western District, three defendants are charged with both voting by an alien and making a false claim to citizenship, while Edread Ray Stanley is charged only with voting by an alien.
Falsely claiming citizenship to vote carries a maximum of five years in prison and a $250,000 fine; voting by an alien carries up to one year and a $100,000 fine.

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SEC Speeches and Statements Source document ↗

United States SEC Speeches and Statements Digital Assets ✓ 12 claims 29 Oct 2026

SEC official signals transfer agent role in tokenized stock trading venues

A speech by the SEC's Division of Trading and Markets director to the Securities Transfer Association lays out how the agency's recently approved tokenized securities exemption and pending transfer agent rule modernization intersect. Compliance teams at transfer agents and issuers exploring tokenization should note the specific conditions attached to the exemption and the open questions on digital identifiers and escheatment.

The SEC approved the Innovation Exemption on September 17, a five-year conditional exemption from the 'exchange' definition for Tokenized Securities Venues (TSVs).
TSVs must be U.S. persons, operate on public permissionless blockchains, and are subject to volume limits, among other conditions.
Any tokenized NMS stock traded on a TSV must carry all the same rights and privileges as the underlying security.
Commissioner Hester Peirce posed four public feedback questions on the transfer agent rule proposal, including whether transfer agents should be allowed to use digital identifiers like email or wallet address instead of name and physical address.
The SEC is seeking feedback, particularly empirical data on costs and benefits, on its proposal to modernize transfer agent rules.

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DOJ Criminal Division Source document ↗

United States DOJ Criminal Division Financial Crime ✓ 18 claims 29 Oct 2026

DOJ charges five in 'ghost student' FAFSA fraud, seizes $750,000 crypto in Kenya

The Justice Department's new National Fraud Enforcement Division has unveiled the first charges from Operation Ghostbusters, a nationwide investigation into fraudulent federal student aid claimed through stolen identities and routed to a Kenyan network. For financial-crime leads, the file is a live case study in money-mule typologies, cross-border crypto forfeiture and the compliance exposure of banks and money service businesses moving disbursement refunds.

Five defendants are charged across the District of New Jersey, Eastern District of Virginia and District of Nebraska, with intended losses of $1.5 million, $1.4 million and $20,000 respectively.
Investigators seized more than $750,000 from a cryptocurrency account belonging to a Kenyan national, which the Fraud Division calls the first international seizure of its kind in its history.
The FBI says it has identified more than $32 million in losses in similar ghost-student schemes, with the Department putting the overall scale of the fraud well over $200 million.
In September or October 2026 investigators flagged 830,840 potentially fraudulent FSAIDs relating to nearly $130 million and recommended the Department of Education disable them.
There are now more than 40 open cases across 26 FBI field offices and more than 20 US Attorneys' Offices.

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US Federal Trade Commission — press releases Source document ↗

United States US Federal Trade Commission — press releases Conduct & Consumer ✓ 20 claims 29 Oct 2026

FTC and eight states sue Toast over hidden fees and fake 24/7 support claims

The FTC, along with California localities and seven state attorneys general, has sued restaurant point-of-sale and payment provider Toast Inc. This covers what the complaint alleges about hidden fees, a multi-step cancellation process, loan default triggers tied to cancellation, and false customer support claims, and what the legal basis for the case is.

The complaint alleges Toast subscriptions average around $900 per month depending on terminals and bundled add-ons.
Customers who fail to process payments within 120 days must return hardware or pay its full retail value, according to the complaint.
Restaurants that temporarily close are still required to pay $85 a month for payment processing, the complaint alleges.
Cancelling customers face an undisclosed early termination fee of $150 per month for each remaining month of the contract, with one consumer allegedly charged $5,318.87 after four years.
From September 2021 through late-July 2023, Toast allegedly added a $0.99 fee to certain online orders above $10 without adequate disclosure or consent, a fee that went to Toast rather than the restaurant.

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DOJ Criminal Division Source document ↗

United States DOJ Criminal Division Financial Crime ✓ 24 claims 29 Oct 2026

U.S. extradites dual national to El Salvador in first handover of own citizen

The DOJ Criminal Division announced the extradition of a dual U.S.-Salvadoran citizen to El Salvador to face murder charges. The department frames it as the first time the United States has handed over a U.S. national to answer for crimes committed in El Salvador. For anyone tracking extradition practice and international cooperation, the case marks a procedural milestone worth understanding.

Castillo Murga was surrendered to Salvadoran authorities to face charges of aggravated feminicide and imperfect homicide.
The DOJ calls this the first U.S. extradition of a U.S. national to face justice for crimes committed in El Salvador.
U.S. Magistrate Judge Sheri Pym certified his extradition on July 28, 2025, and U.S. District Judge John W. Holcomb denied habeas relief on November 5, 2025.
The Secretary of State issued a surrender warrant, and Judge Holcomb denied a stay of extradition on September 24, 2026.

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CISA Advisories Source document ↗

United States CISA Advisories AI, Technology & Data ✓ 14 claims 29 Oct 2026

Siemens patches SAML replay flaw in Mendix module across three versions

Siemens' ProductCERT has disclosed an authentication bypass in its Mendix SAML module affecting versions compatible with Mendix 9, 10 and 11. The advisory, republished by CISA, covers an unauthenticated replay attack and sets out vendor fixes and an interim mitigation for Critical Manufacturing and IT sector operators running affected builds.

CVE-2026-89209 affects Mendix SAML module versions below V4.2.4 (Mendix 10 and 11 compatible) and below V3.6.29 (Mendix 9 compatible).
The flaw allows an unauthenticated remote attacker to gain unauthorized access by replaying a valid SAML assertion in IdP-initiated authentication flows.
CVSS v3.1 base score is 6.8, rated medium severity, with vector AV:N/AC:H/PR:N/UI:R/S:U/C:H/I:H/A:N.
Siemens recommends updating to V4.2.4 or later, or V3.6.29 or later depending on the module, and disabling IdP-initiated SSO as an interim mitigation.
Siemens ProductCERT reported the vulnerability to CISA, which republished the advisory verbatim as SSA-137528 on October 29, 2026.

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Federal Register — CFTC Source document ↗

United States Federal Register — CFTC Markets & Infrastructure ✓ 22 claims 29 Oct 2026

CFTC seeks OMB clearance to renew ownership and control reporting forms

The CFTC has forwarded its Ownership and Control Reports information collection to OMB's regulatory review office for a routine renewal under the Paperwork Reduction Act. The notice sets out which rules and forms are covered, the Commission's burden estimates, and its response to the single comment received during the earlier 60-day window. Compliance teams at FCMs, clearing members and swap reporting entities should note the comment deadline.

Comments to OIRA are due on or before November 30, 2026, under OMB Control No. 3038-0103.
The collection covers Forms 102A, 102B, 102S, 40, 40S and 71 arising under §§ 17.01, 18.04, 18.05 and 20.5.
The CFTC estimates 1,779 respondents, 102 average burden hours per respondent, and 188,980 total annual burden hours, on occasion.
One anonymous commenter said the burden analysis aggregated seven instruments across 1,779 heterogeneous entities without itemising form-specific burden; the Commission is retaining its estimates.
The 60-Day Notice was published August 6, 2026 at 91 FR 50813.

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Federal Register — CFTC Source document ↗

United States Federal Register — CFTC Markets & Infrastructure ✓ 25 claims 29 Oct 2026

CFTC doubles its estimate of registered derivatives clearing organizations

This Federal Register notice renews a long-standing information collection covering DCO registration and ongoing reporting under CFTC Part 39. Behind the procedural language sits a sharp revision to the agency's own count of market participants, plus a pointed rejection of a request to use the process to impose new tokenized-collateral recordkeeping rules.

The Commission increased its estimate of registered DCOs from 13 to 24 and full-registration applicants from one to 10, based on data as of July 2026.
Total estimated annual burden hours for the collection rose to 98,886 across an estimated 109 respondents filing 26,119 annual responses.
Capital and start-up or operations and maintenance costs associated with the collection are estimated at $821,470.
A commenter's request to add recordkeeping and risk-analysis requirements for tokenized collateral, based on CFTC Staff Letter No. 25-39, was rejected because that guidance creates no additional rights or requirements.
Comments on the extension are due to OIRA by November 30, 2026, following an earlier 60-day comment period published August 6, 2026.

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Federal Register — Treasury Source document ↗

United States Federal Register — Treasury Governance & Accountability ✓ 17 claims 29 Oct 2026

FinCEN renews OMB clearance for its service feedback survey program

A routine Paperwork Reduction Act notice covering FinCEN's generic clearance for collecting public feedback on its service delivery. The item matters mainly to institutions that receive FinCEN surveys and to compliance teams tracking reporting burden estimates, with a comment deadline of November 30, 2026.

Comments on the renewal are due on or before November 30, 2026, submitted via www.reginfo.gov.
FinCEN revised its estimates upward by approximately 28 respondents and six burden hours per year after identifying an additional survey for the collection.
The revision adds a total of 84 respondents and 18 hours over the full three-year period covered by this notice.
Estimated average number of expected respondents annually is 5,245, out of an estimated average potential pool of 39,755.
Estimated average total annual reporting burden is 1,502 hours, with an estimated total three-year reporting burden of 4,507 hours.

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Federal Register — SEC Source document ↗

United States Federal Register — SEC Markets & Infrastructure ✓ 16 claims 28 Oct 2026

Cboe BYX widens fee definition to capture tokenized and dealer trading venues

Cboe BYX Exchange filed a fee schedule amendment broadening its 'Trading Platform' definition beyond exchanges, ATSs and ECNs to any system that systematically executes third-party orders electronically, including single-dealer platforms and tokenized venues. The change is effective immediately but open for comment, with implications for which venues pay the higher non-display data fee.

BYX filed SR-CboeBYX-2026-040 on October 19, 2026, replacing an earlier version it withdrew that had been submitted September 1, 2026 as SR-CboeBYX-2026-031.
The amended definition adds a catch-all category covering any system through which third-party orders are systematically executed by electronic means, naming broker crossing systems not filed as ATSs, systematic internalization systems, and decentralized blockchain-based or tokenized environments as examples.
A Trading Platform is subject to a fee of $2,000/month for BYX Depth for Non-Display Usage, versus $1,000/month for a non-Trading Platform.
The rule change became effective immediately under Section 19(b)(3)(A) of the Exchange Act, though the Commission may summarily suspend it within 60 days of filing.
Comments on the filing are due on or before November 16, 2026, referencing file number SR-CboeBYX-2026-040.

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US Federal Trade Commission — press releases Source document ↗

United States US Federal Trade Commission — press releases Conduct & Consumer ✓ 16 claims 28 Oct 2026

FTC orders nine firms to reveal personalised pricing and gig pay methods

The Federal Trade Commission has compelled nine airlines, ride-sharing and food-delivery firms to hand over the methodologies behind how they set consumer prices and gig-worker compensation. The inquiry targets whether personal data is used to charge different people different amounts for the same product, and whether driver pay turns on opaque formulas. Recipients have 45 days to respond.

The FTC issued Section 6(b) orders to Delta, United, JetBlue, Lyft, Uber, DoorDash, Instacart, Target and Walmart.
Recipients have 45 days from receipt of the orders to respond, and non-compliance can be compelled in federal court.
The orders seek the inputs, tools and procedures used to set or adjust both consumer pricing and gig-worker compensation.
The Commission vote to approve the special orders was 2-0.
The FTC says its mid-2024 personalised pricing study examined only middleman consultancies, and this inquiry demands information directly from the firms that set prices.

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Federal Register — SEC Source document ↗

United States Federal Register — SEC Markets & Infrastructure ✓ 16 claims 28 Oct 2026

Cboe EDGX drops duplicate disclosure notice for UTP-traded funds

Cboe EDGX Exchange has filed an SEC rule change removing its requirement to issue a separate information circular before trading begins in securities admitted under unlisted trading privileges. The filing took effect immediately. This briefing covers what the rule change removes, what it adds, and why the Commission waived the standard 30-day delay.

The Exchange deleted Rule 14.1(c)(1) in its entirety, removing its own pre-trading information circular requirement for UTP Derivative Securities.
Rule 14.1(a) gains express cross-references to Rule 3.7 (suitability) and Rule 3.21 (customer disclosures for extended-hours trading).
Current Rule 14.1(c)(2)(B) is amended so the written description must be in a form approved by the listing exchange or prepared by the issuing open-ended management company.
Current Rules 14.1(c)(2) through (5) are renumbered as Rules 14.1(c)(1) through (4), with a conforming cross-reference update in Interpretations and Policies .01.
The SEC waived the standard 30-day operative delay under Rule 19b-4(f)(6)(iii), making the change effective upon filing, with comments due by November 16, 2026.

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DOJ Criminal Division Source document ↗

United States DOJ Criminal Division Financial Crime ✓ 19 claims 28 Oct 2026

Former US Army official pleads guilty to bribery over Hawaii defense contracts

A former civilian US Army official has pleaded guilty to conspiracy, bribery and major fraud over a scheme that corrupted competition for a Pacific technology innovation lab. The case shows the Procurement Collusion Strike Force continuing to pursue contract fraud, and sits alongside a pending trial of two defense contractors scheduled for May 2027. It matters for anyone managing government contracting integrity.

Carlos Duque pleaded guilty on October 28, 2026 to conspiracy, bribery and major fraud in the District of Hawaii.
The scheme ran from January 2021 to October 2022 and involved an agreed bribe of approximately $1.25 million over five years, of which Duque received approximately $55,000.
The US Army paid over $3 million to the company controlled by coconspirators Brian Kent and Leonard Pick.
Duque faces up to 15 years on the bribery count and agreed to forfeit $55,166.70; sentencing follows under the Sentencing Guidelines.
Kent and Pick were indicted in May 2026 and are scheduled for trial on May 17, 2027.

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DOJ Criminal Division Source document ↗

United States DOJ Criminal Division Financial Crime ✓ 18 claims 28 Oct 2026

Virginia mental health executive charged in $49M Medicaid crisis-services fraud

The Justice Department's new Fraud Division has indicted the co-owner of a Richmond-area mental health provider over a $49 million scheme to bill Virginia Medicaid for crisis services that were not delivered as claimed. The case illustrates how the department's reorganised health care fraud apparatus is pursuing behavioral health providers, and the evidentiary patterns, falsified signatures and audit obstruction, that prosecutors are building around.

Mikia Antoneice Noble, co-owner and COO of ACE, was indicted October 20 and arrested October 28 over a $49 million Virginia Medicaid fraud scheme.
Prosecutors allege ACE billed for crisis services as if delivered by qualified teams when only a single low-level professional attended.
The indictment alleges over $2 million paid for hotel rentals to induce beneficiaries, plus falsified records and lies to Managed Care Organization audits.
Noble faces conspiracy to commit health care fraud and three counts of health care fraud, each carrying a maximum of 10 years in prison.

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FINRA Source document ↗

United States FINRA Markets & Infrastructure ✓ 15 claims 28 Oct 2026

FINRA clarifies options rules now cover binary options, effective immediately

FINRA's October 28 digest confirms a rule change that already took effect this week: binary options now fall squarely under existing options oversight. Compliance and legal teams at member firms offering or clearing these products should understand which rules now apply and the margin computation changes before examiners ask about them.

Regulatory Notice 26-21, published Oct. 26, 2026, applies Rules 2220, 2360 and 4210 to binary options.
The notice covers binary options whose payout is based on an issuer's reported financial or operating metrics.
It also covers binary options cleared by a registered clearing agency other than The Options Clearing Corporation.
FINRA updated its Rule 4210 interpretations to clarify the required margin computations for binary options.
The rule changes took effect Oct. 22, 2026, four days before the explanatory notice was published.

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FINRA Source document ↗

United States FINRA Conduct & Consumer ✓ 23 claims 28 Oct 2026

SEC clears FINRA rule letting brokers show performance projections to clients

FINRA's October 21 weekly update confirms SEC approval of a rule change allowing member firms to include performance projections in communications with investors, alongside several other near-term compliance deadlines. Compliance officers tracking advertising rules, underwriting compensation disclosure and qualification exam policy should note the staggered effective dates listed.

The SEC approved FINRA's amendment to Rule 2210 on Oct. 15, 2026, allowing performance projections and targeted returns in public communications subject to certain conditions.
FINRA has not yet set an effective date for the Rule 2210 amendment and will announce it in a future Regulatory Notice.
Regulatory Notice 26-19, published Oct. 21, amends Rules 5110 and 5123; the Rule 5123 changes take effect Oct. 21 and the Rule 5110 changes take effect Dec. 21.
Regulatory Notice 26-18, published Oct. 14, details shortened waiting periods for retaking failed qualification exams, effective Jan. 19, 2027.
Responses to the 2026 Customer Information Request are requested by Nov. 18, and SFAC/Regional Committee candidate forms are due by Nov. 19.

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FINRA Source document ↗

United States FINRA Conduct & Consumer ✓ 18 claims 28 Oct 2026

FINRA drops principal approval for late bulk adviser order allocations

FINRA's Oct. 14 weekly update summarizes Regulatory Notice 26-17, which finalizes amendments to Rule 4515.01 governing how firms allocate bulk orders placed by investment advisers. The change is part of the broader FINRA Forward rule modernization effort and removes a specific post-trade review step for member firms.

FINRA Regulatory Notice 26-17, published Oct. 9, summarizes amendments to Rule 4515.01 on allocations of orders made by investment advisers.
The amendments eliminate the requirement that a principal review and approve allocations of bulk investment adviser orders received after trade date.
The notice text states the amendments take effect Nov. 16, 2026.
A separate Regulatory Reminders entry in the same FINRA update states the rule change takes effect Nov. 6.
The amendments are described as part of the FINRA Forward rule modernization initiative.

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Securities and Exchange Commission Source document ↗

United States Securities and Exchange Commission Conduct & Consumer ✓ 16 claims 28 Oct 2026

Nasdaq to publish all disciplinary complaints and drop $10,000 fine threshold

Nasdaq has filed an immediately effective rule change expanding public disclosure of its disciplinary process. The amendment, operative November 14, 2026, replaces summaries with full document publication and removes the monetary threshold that previously shielded smaller fines from release. Compliance teams tracking member exam outcomes should note the broadened scope.

The rule change was filed October 15, 2026 and becomes operative November 14, 2026.
The $10,000 monetary threshold below which Nasdaq previously withheld disciplinary decisions is eliminated entirely.
Nasdaq will publish full copies of disciplinary complaints and decisions rather than summaries, mooting the prior practice of releasing information about such documents.
Proposed IM-8310-3(a)(1) defines disciplinary complaint to include notices issued under Rules 9400 and 9810, a scope broader than FINRA's or NYSE's equivalent rules.
The rule adds public release of eligibility decisions involving members or associated persons previously subject to statutory disqualification.

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Securities and Exchange Commission Source document ↗

United States Securities and Exchange Commission Markets & Infrastructure ✓ 22 claims 28 Oct 2026

NYSE American waives floor broker credit cap for October 2026 amid outcry volumes

NYSE American has filed an immediately effective fee change waiving, for October 2026, the monthly cap on combined Floor Broker credits for QCC trades and rebates under its Manual Billable Rebate Program. It is the latest in a run of adjustments to the same ceiling across 2025 and 2026, driven by what the exchange calls elevated open outcry volume and the risk that brokers hitting the cap redirect flow to rival venues.

The waiver removes, for October 2026 only, the per-firm monthly ceiling on combined Floor Broker QCC credits and Manual Billable Rebate Program rebates.
The cap was $3,000,000 in 2025, was raised to $4,000,000, waived for January and February 2026, and increased to $5,500,000 in March 2026.
The change is effective immediately on filing under Section 19(b)(3)(A) as a fee change; the SEC may summarily suspend it within 60 days.
NYSE American reports a 12.39% market share of executed multiply-listed equity and ETF options volume in September 2026, with no exchange above 16%.
No written comments were solicited or received; comments are due 21 days after Federal Register publication, file number SR-NYSEAMER-2026-95.

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FINRA Source document ↗

United States FINRA Conduct & Consumer ✓ 10 claims 28 Oct 2026

FINRA and SIFMA Foundation launch five-year investor education alliance

FINRA and the SIFMA Foundation announced a five-year partnership to expand financial education for young people, citing survey data on parental confidence gaps and the growth of youth-targeted investment products. The item is relevant to compliance and government affairs teams tracking regulator priorities on financial literacy and retail investor protection.

FINRA and the SIFMA Foundation announced a five-year strategic alliance on October 28, 2026 to expand investor education for young people.
A SIFMA Foundation survey found 92% of parents believe it is critical for children to learn about investing, while 78% lack confidence to teach investing basics at home.
The survey also found 76% of respondents believe financial education should start before high school.
The Stock Market Game, the Foundation's flagship program launched in 1977, has reached more than 24 million young people to date.
The announcement references new initiatives such as Trump Accounts and the growth of online investing apps and finfluencers as context for the alliance.

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Bank Policy Institute Source document ↗

United States Bank Policy Institute AI, Technology & Data ✓ 13 claims 28 Oct 2026

Bank Policy Institute frames agentic AI debate around two use cases, four questions

The Bank Policy Institute, via an American Banker op-ed, sets out how it sees agentic AI in banking: two distinct use cases and four questions it says should not be conflated. For compliance and government affairs teams tracking how the industry is positioning ahead of rulemaking, it signals the arguments banks intend to press on AI agents accessing and managing customer accounts.

BPI identifies two major agentic AI use cases: an agent transacting on a customer's account, and an agent managing the account.
Account management is framed as sweeping funds to higher-yielding products or moving uninsured deposits out of a struggling bank.
BPI says these use cases raise four important questions that should not be conflated, without the questions being enumerated in the excerpt.
The op-ed, by Greg Baer and Paige Pidano Paridon, was originally published by American Banker on October 28, 2026.

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Federal Reserve Source document ↗

United States Federal Reserve Prudential & Capital ✓ 18 claims 28 Oct 2026

Fed holds rates at 3.75-4% as two members dissent for a hike

The Federal Open Market Committee left the federal funds target range at 3-3/4 to 4 percent on October 28, 2026, describing economic activity as expanding at a strong pace while inflation remains elevated. Two members dissented in favour of tightening. This item covers what the statement says, how the vote split, and what the hawkish dissent signals for the path ahead.

The FOMC maintained the federal funds target range at 3-3/4 to 4 percent on October 28, 2026.
The statement was approved by a 10-2 vote, with Lisa D. Cook and Beth M. Hammack dissenting in favour of a 1/4 percentage point increase.
The Committee said economic activity is expanding at a strong pace and that inflation remains elevated, reaffirming its 2 percent goal.
The Fed is continuing its policy of maintaining ample reserves in the banking system.

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Securities and Exchange Commission Source document ↗

United States Securities and Exchange Commission Markets & Infrastructure ✓ 22 claims 28 Oct 2026

NSCC shifts annuity re-registration duties from ACATS to I&RS system

A procedural rule filing from NSCC changes how annuities and other insurance products move between broker-dealers during account transfers. The segment covers which ACATS functions are being retired, how the new I&RS-based process works, and the implementation date, relevant to any firm still relying on the legacy ACATS/Insurance Processing Service.

NSCC will implement the proposed rule change on November 20, 2026.
Fewer than ten Members currently use the ACATS/Insurance Processing Service, introduced in 2005.
NSCC will decommission the Insurance Registration (IR) Record, the insurance statistics file, and Receiver and Deliver Insurance Instructions.
Section 8 of NSCC Rule 50 will be amended to remove references to I&RS Products and related daily confirmation reports.
The filing took effect immediately under Section 19(b)(3)(A) and Rule 19b-4(f)(4), with the SEC retaining a 60-day window to suspend it.

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CFTC — Commodity Futures Trading Commission Source document ↗

United States CFTC — Commodity Futures Trading Commission Markets & Infrastructure ✓ 12 claims 28 Oct 2026

CFTC sets December 15 roundtable on 24/7 derivatives trading

The CFTC has announced a public roundtable to discuss whether and how derivatives markets should move toward continuous trading. The session follows an earlier request for comment and will bring industry participants together to address infrastructure, staffing and market integrity questions before any rule changes are considered.

The CFTC will host the roundtable on December 15 at its Washington, D.C. headquarters.
The event builds on a Request for Comment on 24/7 trading that the CFTC issued earlier in the summer.
Topics will include overnight trading, tokenization, infrastructure and staffing needs, and operational readiness.
The roundtable will be open to the public and livestreamed on CFTC.gov, though in-person attendance may be limited.
Members of the public can submit speaker nominations by email, with agenda and registration details to follow.

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Federal Register — SEC Source document ↗

United States Federal Register — SEC Markets & Infrastructure ✓ 14 claims 28 Oct 2026

MEMX aligns erroneous-trade rules with new overnight LULD price bands

This filing covers MEMX's proposed amendment to Rule 11.15 on clearly erroneous executions, prompted by the SEC's approval of Overnight Price Bands for round-the-clock trading. Compliance and trading operations staff at member firms should review the mechanics, since the change alters when a trade can be broken during overnight hours and takes effect alongside industry-wide 23/5 trading.

MEMX filed the proposal on October 19, 2026 under File No. SR-MEMX-2026-33, effective immediately under Section 19(b)(3)(A)(iii).
The SEC approved Overnight Price Bands via Amendment 27 to the LULD Plan on August 5, 2026 (Release No. 106042).
The rule reverses changes MEMX made in its September 2026 23/5 Filing (SR-MEMX-2026-28) to Rule 11.15(c)(2)(A)-(D), (d)(3), and (f).
Overnight Protected Hours are defined as 9:00 p.m. ET through 4:00 a.m. ET, with separate Overnight Percentage Parameters applying to that window.
The change becomes operative at the start of industry-wide 23/5 trading, scheduled for December 6, 2026, with comments due by November 18, 2026.

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DOJ Criminal Division Source document ↗

United States DOJ Criminal Division Financial Crime ✓ 20 claims 28 Oct 2026

DOJ reports 712 defendants charged in elder fraud cases targeting older Americans

The Justice Department's Civil Division has delivered its eighth annual report to Congress on elder fraud and abuse, covering the year to 30 June 2026. For compliance and financial crime leads at banks and payment firms, the figures map where elder financial exploitation is concentrating, how much of it crosses borders, and the scale of the victim population the government is now tracking.

The report covers the period from July 1, 2025 through June 30, 2026 and is the Department's eighth annual report to Congress on elder fraud and abuse.
Cases named 712 defendants charged with stealing or alleged to have stolen $4,841,305,931 from 711,353 victims.
Approximately 96% of the nearly 350 enforcement actions were criminal and 45% involved international schemes.
Victims of Crime Act funded organizations allocated $52 million to elder abuse victim services during the period.
The Department ran nearly 1,200 awareness and training events reaching over 62 million Americans and supported the Never Ever Campaign reaching over 95 million individuals.

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American Bankers Association — newsroom Source document ↗

United States American Bankers Association — newsroom Prudential & Capital ✓ 13 claims 28 Oct 2026

UMB to buy El Dorado Savings Bank for $506 million in cash and stock

Two bank acquisitions were announced this week, both reported by ABA Banking Journal's M&A newsbytes feed. The deals involve a large acquirer buying a community bank in California and a regional bank buying a smaller holding company in Tennessee, each pending regulatory approval and expected closing.

UMB Financial, a $70.8 billion-asset bank, will pay $506 million in cash and stock for the $2.4 billion-asset El Dorado Savings Bank.
The UMB-El Dorado deal is expected to close in the first quarter.
Renasant, a $27.5 billion-asset bank, will pay $106.3 million in stock for Commercial Holding, parent of the $1.1 billion-asset Commercial Bank & Trust.
Commercial Holding's investors will receive a $35.7 million special dividend prior to the deal closing.

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American Bankers Association — newsroom Source document ↗

United States American Bankers Association — newsroom Financial Crime ✓ 11 claims 28 Oct 2026

21 state attorneys general sue FinCEN to restore beneficial ownership reporting

A coalition of 21 Democratic state attorneys general is challenging the rollback of beneficial ownership reporting under the Corporate Transparency Act. The suit asks a federal court in Oregon to vacate FinCEN's August rule, halt the planned deletion of data already filed, and force the agency to resume collection. For compliance teams, it reopens a question many treated as settled.

Twenty-one Democratic state attorneys general filed suit in Oregon to reverse FinCEN's rollback of beneficial ownership reporting.
In August, FinCEN finalized a rule removing the BOI reporting requirement for US companies and persons under the Corporate Transparency Act.
FinCEN also announced plans to delete previously reported information from the BOI database.
The lawsuit asks the court to vacate the rule, retain previously reported BOI, and order the agency to resume collection.
The plaintiffs argue the rule exempts all domestic companies, over 99.9% of the entities originally required to report, and amounts to repealing the act by rulemaking.

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Federal Register — SEC Source document ↗

United States Federal Register — SEC Markets & Infrastructure ✓ 19 claims 28 Oct 2026

SEC approves OCC overhaul of membership, risk and suspension rules

The SEC has approved a sweeping rule change filed by the Options Clearing Corporation covering clearing membership admission, ongoing standards, disciplinary proceedings and suspension rules. Compliance and risk teams at clearing members should understand the new physical office, capital, reporting and disciplinary provisions before they take effect.

OCC's Risk Committee may now delegate authority to approve or deny clearing membership applications to designated delegates or agents, removing the need to wait for quarterly Risk Committee meetings.
Proposed Rule 201(b) requires clearing member applicants to maintain at least one year of operating history in the same or substantially same business activity, or senior personnel with sufficient relevant experience.
Proposed Rule 204(g) and Rule 302(b) require applicants and clearing members to maintain physical office space unless OCC determines a remote model does not pose heightened risk, with on-site visits permitted on no more than 24 hours' notice.
Proposed amendments require notice of Statutory Disqualification or formal regulatory investigation within two business days, and amend Rule 301(b) to let OCC set discretionary minimum capital levels above current requirements.
Proposed Rule 1201(a) adds fines to OCC's available sanctions and sets out examples of sanctionable conduct, including providing false financial information or a pattern of regulatory infractions.

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American Bankers Association — newsroom Source document ↗

United States American Bankers Association — newsroom Governance & Accountability ✓ 17 claims 28 Oct 2026

ABA's new chair Cathy Owen names digital assets, fraud and cyber as 2026-27 priorities

The American Bankers Association profiles Cathy Owen, its 2026-27 chair and head of Arkansas-based Eagle Bank & Trust. Beyond the personal narrative, the piece sets out the three issues she intends to drive during her term: navigating the digital asset marketplace, and combating fraud and cybersecurity threats. For compliance leaders, it signals where the industry's largest trade body will focus its advocacy.

Cathy Owen becomes ABA chair for 2026-27, serving as executive chair of Eagle Bank & Trust and chair and CEO of its holding company.
She names digital assets as a top priority, citing goals to protect the marketplace, stay regulatorily compliant, grow thoughtfully and modernise.
Fraud and cybersecurity are also on her agenda, with an emphasis on protecting both banks and their customers.
Eagle Bank & Trust holds more than $500 million in assets and closed nearly 2,000 mortgage loans last year, all sold into the secondary market with servicing released.
Owen was the first female chair of the Arkansas Bankers Association and chaired the board that hired its first female president and CEO.

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American Bankers Association — newsroom Source document ↗

United States American Bankers Association — newsroom Governance & Accountability ✓ 16 claims 28 Oct 2026

Public support for CEO activism on social issues continues to slip, surveys show

A review of two new surveys on corporate and CEO activism, published in ABA Banking Journal, tracks shifting public attitudes toward companies speaking out on social and political issues. For bank leadership and communications teams, the data bears on reputational risk management around public statements.

Approximately 55% of Americans believe CEOs should be outspoken on issues, down from 65% in 2018, per Stanford/Hoover research.
The Bentley-Gallup survey found the share believing businesses should be more vocal on controversial issues ticked down to 47% in 2026.
76% of Americans said they would be less likely to purchase from a company whose CEO spoke out on a disagreeable issue, up 14 percentage points from 2018.
62% of respondents could name a product or service they use less because of disagreement with a CEO's public stance, versus 40% who use one more for that reason.
Issues with lowest public support for business statements were religion (16%), abortion (22%), political endorsements (23%) and international conflicts (33%).

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NIST — cybersecurity and identity updates Source document ↗

United States NIST — cybersecurity and identity updates AI, Technology & Data ✓ 23 claims 28 Oct 2026

NIST sets out ten design tenets for managing AI agent identities

NIST's National Cybersecurity Center of Excellence has published an initial set of ten design tenets for identity, authentication and authorization of AI agents. The post draws on public comments to an ongoing NCCoE project and will guide forthcoming demonstrations. For firms planning to deploy agents at scale, it signals the controls that emerging standards work is likely to coalesce around.

NIST proposes that agents hold zero standing privilege, with access bounded to the minimum scope for a task and granted just-in-time, time-bounded and audience-specific.
The logic determining what an agent attempts should be architecturally separated from the systems determining what it is allowed to do, because LLMs process data and instructions as a single token stream.
Deterministic capabilities should be the primary mechanism for access decisions, with probabilistic information used only as input, to limit the impact of attacks such as prompt injection.
Enterprises should maintain an independent, append-only, tamper-evident log of agent identity, delegated intent and resulting actions, kept outside the agent's reach.
NIST states not all tenets can be met by current standards and technology and frames them as a roadmap for the NCCoE's planned agentic demonstrations.

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American Bankers Association — newsroom Source document ↗

United States American Bankers Association — newsroom Digital Assets ✓ 10 claims 28 Oct 2026

ABA sets strategy to help banks navigate tokenized money

This item covers remarks by ABA President and CEO Rob Nichols opening the 2026 ABA Annual Convention, in which he outlined the association's plan to support member banks on tokenized money. Compliance and digital asset teams at smaller banks should note the resource gap Nichols flagged and what ABA is offering to close it.

ABA President and CEO Rob Nichols outlined the strategy in remarks opening the 2026 ABA Annual Convention in Salt Lake City.
ABA will serve as the banking industry's "on-ramp," positioning itself as a primary source of education, guidance and practical support on tokenized money.
ABA will also act as a "trusted convener," bringing industry participants together and advocating for fair, equitable access to tokenized money infrastructure.
Nichols said many banks lack the resources, expertise or market visibility available to larger institutions when it comes to tokenized money.
Further information is being made available at aba.com/TokenizedMoney.

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Federal Register — Industry and Security Bureau Source document ↗

United States Federal Register — Industry and Security Bureau Financial Crime ✓ 15 claims 28 Oct 2026

BIS renews export denial order against Mahan Airways for another year

This Federal Register order renews a long-running temporary denial order (TDO) that strips Mahan Airways and several affiliated individuals and companies of U.S. export privileges. It covers the procedural history and factual basis BIS relies on to extend the order, relevant to compliance teams screening counterparties and aircraft transactions involving Iran-linked carriers.

The original temporary denial order against Mahan Airways was signed on March 17, 2008 and took effect upon Federal Register publication on March 21, 2008.
BIS's Office of Export Enforcement submitted a written renewal request on September 8, 2026, more than 20 days before the TDO's scheduled expiration, as required by 15 CFR 766.24(d)(1).
The renewal continues denial of export privileges for twelve named respondents including Mahan Airways, Al Naser Airlines, Kerman Aviation, Sirjanco Trading LLC and Issam Shammout.
No opposition to the renewal request was received, and no appeal has been filed against any of the related-person determinations made in six prior renewal or modification orders.
BIS based the renewal on evidence including unauthorized re-export of U.S.-origin Boeing 747 and Airbus aircraft, procurement of U.S.-origin engines, and transport of controlled aircraft parts to Iran.

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American Bankers Association — newsroom Source document ↗

United States American Bankers Association — newsroom Markets & Infrastructure ✓ 11 claims 28 Oct 2026

ABA backs Nacha proposal to formally define 'banking day' in ACH rules

Nacha has proposed writing a formal definition of 'banking day' into its operating rules, replacing reliance on whether a bank is physically open. ABA's comment letter backs the change, arguing it modernizes how settlement timing is measured across the ACH Network. Relevant for payments and operations teams tracking ACH rule changes.

Nacha proposed defining 'banking day' as a calendar day other than a Saturday, Sunday or federal banking holiday in the United States.
The proposal would replace references to 'date' with 'banking day' in the definition of 'settlement date'.
The term 'business day' would be eliminated from that section of Nacha's rules.
ABA submitted a letter urging Nacha to adopt the proposal, citing greater certainty, consistency and operational fairness.
Current practice relies on an understanding that 'banking day' means Monday through Friday excluding federal holidays, according to Nacha.

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American Bankers Association — newsroom Source document ↗

United States American Bankers Association — newsroom Governance & Accountability ✓ 11 claims 28 Oct 2026

Outgoing ABA chairman urges bankers to advocate, innovate and partner

A short recap of the American Bankers Association's outgoing chairman's farewell speech, summarising a year of association priorities including bank regulation, digital assets, fraud and AI. Useful for tracking the trade group's stated advocacy agenda heading into the next leadership term.

Kenneth Kelly, chairman and CEO of First Independence Bank in Detroit, delivered his final speech as ABA chairman on October 26, 2026.
Kelly cited ABA-led efforts including a push to right-size bank regulation and advocacy for digital asset rules that maintain a level playing field between banks and crypto companies.
He also highlighted ABA's work helping banks fight fraud, plus initiatives around artificial intelligence and workforce development.
Kelly closed by urging bankers to 'advocate, innovate, and partner' in the months ahead.

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American Bankers Association — newsroom Source document ↗

United States American Bankers Association — newsroom Markets & Infrastructure ✓ 18 claims 28 Oct 2026

Eighth Circuit strikes down Fed's debit card interchange fee cap

A federal appeals court has struck down the Federal Reserve's 15-year-old Regulation II, which capped debit card interchange fees. This affects how banks with over $10 billion in assets calculate swipe fees, and the Fed must now rewrite the rule. Compliance and payments teams should track the Fed's response.

The Eighth U.S. Circuit Court of Appeals struck down the Fed's Regulation II debit card interchange fee structure, adopted in 2011.
The ruling upholds a lower court decision from August 2025 in which Judge Daniel Traynor found the Durbin Amendment bars the Fed from considering costs beyond incremental authorization, clearance or settlement.
Under the current rule, institutions with more than $10 billion in assets can collect 21 cents per debit transaction plus 0.05% of the transaction amount and an additional cent for fraud prevention.
The court ordered the Fed to rewrite the rule because it improperly allowed banks to include costs such as fraud prevention in swipe fee calculations.
A separate federal appellate court is considering similar questions in the Linney's Pizza case, where the district court upheld the Fed's rule.

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Federal Register — SEC Source document ↗

United States Federal Register — SEC Governance & Accountability ✓ 15 claims 28 Oct 2026

SEC notices Nilsine Partners co-investment exemptive order application

A routine but consequential SEC notice covers an exemptive application from Nilsine Partners NP1X Fund and affiliates seeking permission to co-invest alongside related entities, relief otherwise barred under the Investment Company Act's affiliate transaction rules. Fund counsel and compliance teams tracking co-investment structures should note the filing timeline and the narrow hearing window before the order can be granted.

The application was filed on February 18, 2026 and amended on July 15, 2026 and September 14, 2026.
Applicants seek relief under sections 17(d) and 57(i) of the Investment Company Act of 1940 and rule 17d-1 to permit co-investment transactions otherwise barred by sections 17(d) and 57(a)(4).
Hearing requests must be received by the Commission by 5:30 p.m. Eastern time on November 16, 2026, accompanied by proof of service on applicants.
An order granting the requested relief will be issued unless the Commission orders a hearing, meaning no hearing request results in automatic approval.
The full representations, legal analysis and conditions appear only in the applicants' second amended application dated September 14, 2026, available via EDGAR.

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Federal Register — SEC Source document ↗

United States Federal Register — SEC Governance & Accountability ✓ 10 claims 28 Oct 2026

SEC schedules closed meeting on enforcement and litigation matters for October 29

A routine Sunshine Act notice confirms the SEC will hold a closed meeting on October 29, 2026, covering enforcement and litigation matters. The notice itself carries no policy content, but it signals the categories of action the Commission is actively working through this week.

The SEC's closed meeting is scheduled for 2:00 p.m. on Thursday, October 29, 2026, at Commission headquarters or remotely.
The General Counsel certified exemptions under 5 U.S.C. 552b(c)(3), (5), (6), (7), (8), 9(B) and (10) permit closing the meeting.
Matters to be considered include institution and settlement of injunctive actions and administrative proceedings.
The agenda also covers resolution of litigation claims and other examination and enforcement proceedings.
The notice warns that scheduling changes may occur and will be posted on the SEC's website.

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Federal Register — FDIC Source document ↗

United States Federal Register — FDIC Governance & Accountability ✓ 21 claims 28 Oct 2026

FDIC seeks comment on 2027 unbanked household survey questionnaire

A routine Paperwork Reduction Act notice covers the FDIC's tenth biennial Household Survey, which measures unbanked and underbanked rates nationwide. Compliance teams tracking financial inclusion data, CRA strategy or consumer access initiatives should note the comment window and the chance to influence survey content before the 2027 fielding.

Comments on the proposed 2027 survey instrument must be submitted to the FDIC by December 28, 2026.
The survey is estimated to cover 40,000 respondents at an average of 9 minutes per response, totaling 6,000 annual burden hours.
The 2027 Household Survey will be conducted as a supplement to the Census Bureau's June 2027 Current Population Survey.
The survey fulfils a mandate under section 7 of the Federal Deposit Insurance Reform Conforming Amendments Act of 2005 (Pub. L. 109-173) to study unbanked households.
The survey has been administered every other year since January 2009 and is the only population-representative survey providing state-level unbanked estimates for all 50 states and DC.

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Federal Register — Treasury Source document ↗

United States Federal Register — Treasury Financial Crime ✓ 14 claims 28 Oct 2026

Treasury proposes rule to expand outbound investment screening under COINS Act

Treasury has issued a proposed rule implementing Subtitle C of the newly enacted COINS Act, which gives statutory footing to the Outbound Investment Security Program first created by executive order in 2023. The rule rewrites the existing framework, adds new covered technologies and countries, and creates a new Part 851 while leaving Part 850 in force for past conduct.

Written comments on the proposed rule must be received by December 7, 2026.
The rule adds two new covered technology sectors: high-performance computing/supercomputing and hypersonic systems.
Countries of concern expand beyond the PRC, Hong Kong and Macau to include Cuba, Iran, North Korea, Russia and Venezuela under Nicolás Maduro Moros.
A new §851.104(c) knowledge-standard factor will consider whether a U.S. person appropriately weighed information Treasury provided before a transaction.
Treasury reports receiving approximately 100 notifications under the existing program in the roughly 21 months since it took effect on January 2, 2025.

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American Bankers Association — newsroom Source document ↗

United States American Bankers Association — newsroom AI, Technology & Data ✓ 16 claims 27 Oct 2026

Fannie Mae sets 36-hour cyber reporting window, renames AI 'super intelligence'

Fannie Mae has revised its artificial intelligence and cybersecurity requirements through Supplemental Bulletin 26-01, which becomes effective on Jan 18. The update introduces a 36-hour incident reporting window, new controls for what it now calls 'super intelligence' systems, and a reshaped set of business continuity obligations. It matters to any lender or servicer that does business with the GSE and manages third-party technology risk.

Supplemental Bulletin 26-01 becomes effective on Jan 18 and renames all AI references to 'SI', for super intelligence, per the Trump administration's preference.
Companies must report cybersecurity incidents to Fannie Mae within a 36-hour window, including event date, actions taken and whether operations were suspended.
New SI requirements cover risk assessments, data governance standards, model training and testing controls, and monitoring for security risk.
Unlike Freddie Mac, Fannie Mae does not require an indemnification agreement, but the bulletin makes companies responsible for third-party vendor compliance.
The update removes the annual threat risk assessment, the fourth-party vendor contingency requirement and the obligation to formally socialise continuity plans with leadership.

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DOJ Criminal Division Source document ↗

United States DOJ Criminal Division Financial Crime ✓ 19 claims 27 Oct 2026

Gainesville DME owner convicted in $8.6M Medicare orthotic brace fraud scheme

A federal jury in the Middle District of Florida has convicted the owner of a durable medical equipment company over an $8.6 million Medicare fraud built on forged and purchased prescriptions for orthotic braces. The case shows how telemarketing lead-buying, kickbacks and billing for unwanted devices combine into a chargeable scheme, and where DOJ's reconstituted Fraud Division is now focusing.

A federal jury in the Middle District of Florida convicted Sophie Dufort, 57, in a scheme causing over $8.6 million in fraudulent Medicare claims for orthotic braces.
Dufort was convicted of conspiracy to commit health care fraud and wire fraud, two counts of health care fraud, one count of conspiracy to defraud the United States and pay illegal kickbacks, and one count of offering and paying illegal kickbacks.
The prescriptions were bought from marketing firms that used high-pressure telemarketing or stole physician credentials to create forged prescriptions without any patient evaluation.
Dufort faces a maximum of 20 years for the fraud conspiracy, 10 years for each fraud and kickback count, and 5 years for the conspiracy to defraud the United States, with sentencing set for January 2027.
The case was investigated by HHS-OIG and the FBI and prosecuted under the Justice Department's National Fraud Enforcement Division and its Health Care Fraud Strike Force Program.

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Federal Register — SEC Source document ↗

United States Federal Register — SEC Markets & Infrastructure ✓ 18 claims 27 Oct 2026

NYSE moves to overhaul clearly erroneous trade rule and raise multi-stock threshold

The SEC has put out for comment a NYSE proposal to rewrite Rule 7.10 on clearly erroneous executions. The filing reorganises the rule into definitions, availability and procedures, raises the multi-stock event threshold, removes multi-day event provisions and codifies cross-market coordination. For anyone trading NYSE-listed names, it changes when a trade can be broken and who can trigger review.

NYSE filed the proposal on October 8, 2026 and the SEC published notice in the Federal Register on October 23, 2026 to solicit comments.
The multi-stock event definition would rise to 50 or more securities executed within five minutes, up from 20 in the current rule, a threshold NYSE says has not been updated since 2010.
Rule 7.10 would be reorganised into three paragraphs: (a) Definitions, (b) Availability of Clearly Erroneous Review structured as numbered Cases 1 to 5, and (c) Procedures.
A new cross-market coordination provision would codify the Exchange's practice of coordinating with other SROs, and current paragraph (b)(2) on routed executions would be deleted.
Several deadlines would move to 8:30 a.m. Eastern Time on the following trading day in light of T+1 settlement, and CEE Panel member representatives would be cut to 5 from 10.

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FINRA Source document ↗

United States FINRA Governance & Accountability ✓ 10 claims 27 Oct 2026

FINRA to host webinar on large IPO underwriting readiness for member firms

FINRA is running a short webinar aimed at member firms that underwrite, or plan to underwrite, large IPOs on a firm commitment basis. The session is for compliance, capital planning and operations staff who need a structured checklist before taking on or scaling an underwriting business line.

The webinar is scheduled for Thursday, Nov. 5, from 2 to 2:30 p.m. ET.
FINRA lists six topic areas including capital planning and subordinated loans, and funding, liquidity and reserve computations.
The session targets firms already engaged in, or considering, firm commitment underwritings.
Registrants must complete a sign-up form and may need to look up their firm's CRD number via BrokerCheck.

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CFTC — Commodity Futures Trading Commission Source document ↗

United States CFTC — Commodity Futures Trading Commission Markets & Infrastructure ✓ 13 claims 27 Oct 2026

CFTC chairman Selig headlines agricultural futures conference in Kansas

A CFTC press release recaps the two-day AgCon 2026 conference co-hosted with Kansas State University, where Chairman Michael Selig and industry, government and academic speakers discussed agricultural risk management alongside emerging derivatives market topics. Useful for tracking where the Commission's attention is turning, even though no rules or proposals were announced.

The CFTC and Kansas State University's Risk Management Center co-hosted the two-day AgCon 2026 conference in Overland Park, Kansas, the prior week.
Chairman Michael S. Selig delivered opening and closing remarks and held a fireside chat with Futures Industry Association President and CEO Walt Lukken.
Panels covered perpetual futures, 24/7 trading and tokenized collateral alongside traditional agricultural hedging and credit access topics.
USDA Deputy Secretary Stephen Vaden gave a first-day keynote and Senator Roger Marshall of Kansas opened the second day with remarks on agricultural policy.
Separate sessions examined agricultural prediction markets, event contracts, and clearing, market access and the role of intermediaries.

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Federal Register — SEC Source document ↗

United States Federal Register — SEC Governance & Accountability ✓ 20 claims 27 Oct 2026

Texas Stock Exchange sets $325,000 entry fee for new corporate listings

Texas Stock Exchange has filed a new fee schedule with the SEC covering entry fees, application fees and annual listing charges for corporate issuers. The filing took immediate effect under the Exchange Act's expedited process. Listings counsel and issuers evaluating TXSE should understand the fee mechanics, exemptions and how they compare to incumbent exchanges.

Operating companies pay a one-time Entry Fee of $325,000 on the date of listing, while SPACs pay a flat $80,000 Entry Fee.
Companies transferring a listing from another national securities exchange are exempt from both the Entry Fee and the Initial Application Fee.
The primary-listing annual fee equals the greater of a minimum fee or shares outstanding multiplied by $0.001250 per share, subject to a $250,000 maximum, with a $70,000 minimum for common shares.
Companies with Dually-Listed Securities pay a flat Company-wide All-Inclusive Annual Fee of $600,000, prorated in the year the dual listing becomes effective.
The rule took effect immediately under Section 19(b)(3)(A) and Rule 19b-4(f)(2), with comments due on or before November 13, 2026.

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Securities and Exchange Commission Source document ↗

United States Securities and Exchange Commission Markets & Infrastructure ✓ 15 claims 27 Oct 2026

NYSE American raises ByRDs market-cap listing bar from $40bn to $290bn

NYSE American has filed an immediately effective rule change altering how its Binary Return Derivatives (ByRDs) settle and which underlying stocks qualify for listing. The filing touches settlement methodology, listing thresholds, market maker quoting duties and order-protection checks, with implications for any firm trading or market-making these binary options products.

The settlement price for expiring ByRDs options will now be the underlying security's Closing Price as reported by the primary listing market, replacing the current all-day composite VWAP.
The minimum market capitalization requirement for individual-stock ByRDs listings rises from $40 billion to $290 billion under amended Rule 915ByRDs, Commentary .01.
A new initial and continued listing standard requires an average daily trading value in the primary listing market's closing auction of at least $10 million over the prior six months.
The exchange is eliminating its settlement-price rounding practice, so Finish High ByRDs pay $100 if the underlying closes at or above the strike price and Finish Low ByRDs pay $100 if it closes below the strike.
Market makers appointed to a ByRDs contract will no longer be required to enter continuous quotations unless they affirmatively choose to participate in that series.

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