Regulus — The global regulatory broadcast network

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United States DOJ Criminal Division Governance & Accountability ✓ 20 claims 26 Oct 2026

DOJ finds Ohio State medical school discriminated against white and Asian applicants

The Justice Department's Civil Rights Division has issued investigative findings against Ohio State University College of Medicine, alleging race discrimination in admissions to its 2023, 2024 and 2025 classes. The findings cite Title VI and the Supreme Court's SFFA decision, and set out the enforcement path: settlement negotiations first, litigation if those fail. Federally funded institutions should read this as the template.

DOJ found OSU Med discriminated against white and Asian applicants for its 2023, 2024 and 2025 incoming classes in violation of Title VI and SFFA.
Black applicants who were screened and interviewed were about 2.8 times as likely to be admitted as Asian applicants with equal credentials.
A 'side door' pathway admitted some applicants without a screener score or interview; in 2024 and 2025 combined, black applicants were four times as likely to be admitted as white applicants, and no Asian applicants were admitted.
The Department will pursue settlement negotiations where it finds a violation and will file suit if those efforts fail.

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Federal Register — NCUA Source document ↗

United States Federal Register — NCUA Prudential & Capital ✓ 16 claims 26 Oct 2026

NCUA proposes scrapping special reserve rule for nonconforming investments

NCUA has proposed removing a decades-old rule requiring state-chartered, federally insured credit unions to hold a special reserve against nonconforming investments. The agency argues GAAP changes have made the reserve functionally obsolete. Comments close December 21, 2026, and the Board is soliciting views on possible alternatives including risk-weighting.

Comments on the proposed rule are due by December 21, 2026, via docket NCUA-2026-1886.
The Board states only seven FISCUs currently report a special reserve for nonconforming investments.
The proposal would remove 741.3(a), redesignating paragraphs (b) through (g) as (a) through (f).
Section 702.104(b)(1)(ii), which includes the appropriation for non-conforming investments in risk-based capital, would be struck and subsequent paragraphs redesignated.
OIRA has determined the proposed rule is not a 'significant regulatory action' under Executive Order 12866.

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Federal Register — NCUA Source document ↗

United States Federal Register — NCUA Governance & Accountability ✓ 17 claims 26 Oct 2026

NCUA proposes dropping hard-copy mandate for share insurance notices

A proposed rule would rewrite 12 CFR 745.13, the NCUA regulation requiring federally insured credit unions to notify members about share insurance coverage. The change removes the prescribed hard-copy methods in favor of letting each credit union choose its own notification approach. Comments close December 21, 2026.

The proposed rule would revise 12 CFR 745.13 to require only that each FICU 'provide notice to its members concerning NCUA insurance coverage,' removing the mandate to stock hard copies.
NCUA intends to discontinue the 64-page 'Your Insured Funds' brochure and update its share insurance coverage website as the authoritative resource.
Comments on docket NCUA-2026-1888 must be received by December 21, 2026, via regulations.gov, mail, or hand delivery to the Secretary of the Board.
OIRA determined the proposal is not a 'significant regulatory action' under Executive Order 12866 and expects it to qualify as a deregulatory action under Executive Order 14192.
NCUA certifies the rule will not have a significant economic impact on a substantial number of small credit unions, defined as those under $100 million in assets.

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DOJ Criminal Division Source document ↗

United States DOJ Criminal Division Conduct & Consumer ✓ 15 claims 26 Oct 2026

Arizona SARMs dealer sentenced, company ordered to forfeit $1.8m and shut down

A DOJ press release details the sentencing of an Arizona man and his company for illegally selling SARMs, unapproved chemical substances that mimic anabolic steroids. The case shows how federal prosecutors use forfeiture and shutdown orders alongside modest individual prison terms in FDA-adjacent enforcement actions.

Jeffrey McIndoo of Phoenix, Arizona was sentenced to four months in prison and a $1,000 fine.
SARMS Pharm LLC pleaded guilty to conspiracy to smuggle SARMs from China into the United States.
Between 2017 and 2022, SARMS Pharm earned gross profits of at least $3.5 million selling SARMs.
Judge Sharad H. Desai ordered SARMS Pharm to cease operations and forfeit $1.8 million in proceeds.
FDA's Office of Criminal Investigations investigated the case, which was prosecuted by the Civil Division's Enforcement & Affirmative Litigation Branch.

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DOJ Criminal Division Source document ↗

United States DOJ Criminal Division Financial Crime ✓ 25 claims 26 Oct 2026

DOJ denaturalizes two citizens for concealing passport fraud and money laundering

The Justice Department announced two denaturalization judgments entered in October 2026, stripping citizenship from a Nigerian-born woman who used a stolen identity for passport fraud and a Cuban-born woman who concealed a money laundering conspiracy. The releases detail the underlying fraud, prior criminal convictions, and the civil litigation timeline that led to consent judgments revoking naturalization in both cases.

A California federal court revoked Vivian Chike Obichere's citizenship on Oct. 13 after finding she illegally procured it.
Obichere used the identity of a U.S. citizen, 'C.C.O.', to fraudulently obtain a passport in 1992 and renewed it in 2002 and again attempted renewal in 2012.
She was convicted in 2015 of False Statement in Application and Use of Passport in the Northern District of California.
A Florida federal court revoked Milagros Marileisis Acosta Torres's citizenship on Oct. 14 over a concealed money laundering conspiracy.
Acosta Torres was convicted in 2020, sentenced to six months in prison, and ordered to pay nearly $150,000 in restitution.

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American Bankers Association — newsroom Source document ↗

United States American Bankers Association — newsroom Conduct & Consumer ✓ 10 claims 26 Oct 2026

JD Power survey finds bank servicers beat mortgage-only sites on satisfaction

A JD Power survey compares digital customer experience scores for bank-affiliated loan servicers against mortgage-focused servicers, highlighting the role of app and website design in customer retention. Relevant for mortgage servicing and digital banking teams benchmarking channel performance.

Bank servicer apps averaged 736 out of 1,000 in satisfaction, compared with 680 for mortgage-focused servicer apps.
Bank servicer websites scored 740 versus 704 for mortgage-focused servicer websites.
92% of bank servicer website users and 91% of app users said they would continue using the channel when account management was easy and the layout organized.
Those continuation rates fell to 59% and 54%, respectively, when neither condition was met.
JD Power's Jon Sundberg said retail banking app and website best practices are translating into the mortgage servicing space.

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Federal Reserve Speeches Source document ↗

United States Federal Reserve Speeches Prudential & Capital ✓ 20 claims 26 Oct 2026

Fed restructures bank supervision into five regions, cites committee gridlock

Bowman's speech at the Community Banking Research Conference lays out structural changes to Federal Reserve bank supervision, including a shift to five supervisory regions and continued work on Regulation O, asset thresholds and the CAMELS rating system. It matters for banks tracking how supervisory accountability and tailoring rules are being redrawn.

The Federal Reserve will realign bank supervision into five regions, each led by a regional leader accountable for supervisory activity, following state rather than Reserve Bank District boundaries.
In July 2026 the Board proposed revisions to Regulation O, which governs credit extensions to bank insiders and has not been comprehensively updated since 1979.
Later this year the Board will consider updates to fixed-dollar asset thresholds with a mechanism to adjust them every five years, and separately consider changes to the $10 billion community bank definition and large bank tailoring framework.
The FFIEC is working to finalize revisions to the CAMELS rating system so the Management rating no longer singularly drives the composite rating.
The restructuring follows the Starling Advisory Group's preliminary report, released last month, on the failure of Silicon Valley Bank, which identified a mismatch between supervisory authority and accountability.

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Washington State DFI Source document ↗

United States Washington State DFI Conduct & Consumer ✓ 11 claims 26 Oct 2026

Washington securities regulator orders refund over unregistered adviser business

Washington's Division of Securities settled a case against Prasad Anguluri and Innovative Investing Group Inc. over an unregistered investment adviser operation that ran for roughly three years. The consent order is notable less for its size than for a finding that the respondents lied to investigators about charging fees while continuing to collect them. This covers who is bound, what they agreed to pay, and why the false statement matters.

The consent order (S-23-3527-26-CO01) was entered on October 20, 2026 against Prasad Anguluri and Innovative Investing Group Inc.
The respondents operated an unregistered investment adviser business from approximately June 2022 through at least May 2025, receiving a net total of approximately $44,000 from 33 clients.
The order finds the respondents misled the Division by falsely claiming they were not charging for services, when they had been charging for at least the prior nine months and continued afterward.
The respondents agreed to refund $43,708.60 to customers and to pay fines of $2,500 and investigative costs of $1,500.
The matter follows an earlier Statement of Charges, S-23-3527-25-SC01.

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DOJ Criminal Division Source document ↗

United States DOJ Criminal Division Sustainability ✓ 12 claims 26 Oct 2026

Fourth Circuit affirms Army Corps CWA permit for Charleston's Cainhoy Plantation development

The U.S. Court of Appeals for the Fourth Circuit affirmed a Clean Water Act Section 404 permit issued by the Army Corps of Engineers for a large residential development near Charleston. The published decision turned on how the Corps evaluated alternatives and reduced wetlands impacts, and it signals how NEPA-adjacent permitting records will be tested on appeal when development and conservation claims collide.

The Fourth Circuit on October 23, 2026 affirmed the Corps' Clean Water Act Section 404 permit for the Cainhoy Plantation development in Charleston.
The permit covers residential and mixed-use development on portions of a 9,076-acre property, with thousands of acres to be permanently conserved.
The Corps reduced projected wetlands impacts by nearly 90%, from 1,820 acres to 181.5 acres, after years of analysis.
The court found the Corps evaluated numerous alternatives and concluded none offered a practicable path to needed housing with fewer environmental impacts.
Attorneys from ENRD's Environmental Defense, Natural Resources, Wildlife and Marine Resources, and Appellate Sections handled the litigation.

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Federal Register — State Department Source document ↗

United States Federal Register — State Department Governance & Accountability ✓ 16 claims 25 Oct 2026

State Department finalizes 600,000-hour recordkeeping rule for aid recipients, pushes back on NGO group's cost objections

The State Department has submitted a new information collection, tied to its Protecting Human Flourishing in Foreign Assistance policy, for 30-day public comment before OMB approval. Two advocacy groups challenged the burden estimates and scope during the earlier 60-day comment period; this notice contains the Department's point-by-point response and final position on each objection.

Comments on the proposed collection are due by November 25, 2026, under a 30-day notice following an earlier 60-day notice published April 6, 2026.
The collection applies to an estimated 2,500 respondents, each facing an average 240-hour burden, for a total estimated 600,000 hours.
The Council for Global Equality cited a 52,500-hour gap between the final rules' 652,500-hour estimate and the Notice's 600,000-hour figure, plus a cost assumption gap of $175/hour versus $50/hour.
The Department confirmed that the physical and financial separation requirement applies only to U.S. NGOs, and only when they engage in otherwise prohibited activities funded from another source.
Record retention will follow 2 CFR 200.334, generally three years from the date of the final expenditure report, subject to applicable exceptions.

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Federal Register — SEC Source document ↗

United States Federal Register — SEC Markets & Infrastructure ✓ 21 claims 25 Oct 2026

SEC opens comment on CMESC default management rule change

The SEC has published for comment a proposed rule change from CME Securities Clearing that rewrites how the clearing agency documents the handling of a Participant default. The amendments add detail on using a third-party liquidation agent and execution brokers, clarify the Risk Management Committee's role, and make administrative fixes. CMESC has no Members or Users yet, so this is framework in advance of operations.

CMESC would amend Section 14.1.1 of its Risk Management Framework to specify that the close-out of a defaulted Participant's portfolio may use a liquidation agent and one or more execution brokers.
The amended framework provides that CMESC may hold an account with an execution broker as principal, receiving back-to-back trades that mirror the liquidation agent's close-out trades to keep a net flat position.
Section 14 would clarify that the Risk Management Committee (CSRMC) provides guidance on the design of default procedures, changing its role from discretionary and advisory.
CMESC states it currently has no Members or Users and has neither received nor solicited written comments on the proposal.
Comments are due by November 12, 2026, and the Commission must approve, disapprove or institute proceedings within 45 days of publication, extendable up to 90.

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Federal Register — Treasury Source document ↗

United States Federal Register — Treasury Governance & Accountability ✓ 18 claims 25 Oct 2026

Treasury seeks comment on garnishment-notice paperwork burden estimate

A routine Paperwork Reduction Act notice covering the disclosure financial institutions must give account holders when a garnishment order reaches an account receiving federal benefit payments. It extends an existing OMB control number rather than changing the underlying rule. Relevant to institutions that process garnishment orders against accounts with direct-deposited federal benefits.

Written comments on the information collection must be received by Treasury on or before December 28, 2026.
The collection governs notices required under 31 CFR 212.6 when a garnishment order affects an account with directly deposited federal benefit payments.
Treasury estimates 487,750 respondents and 487,750 total annual responses, occurring on occasion upon qualifying garnishment events.
Estimated time per response is 10 minutes per account-holder notice and 5 minutes per child support notice, totalling an estimated 76,688 annual burden hours.
The 2023 supporting statement reports no program changes but describes a revised burden-estimation methodology.

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DOJ Criminal Division Source document ↗

United States DOJ Criminal Division Financial Crime ✓ 21 claims 25 Oct 2026

Chinese national extradited to US over $36.9m Cambodia-based crypto scam

The Justice Department has brought a Chinese national from the Netherlands to a Los Angeles courtroom over a cryptocurrency investment fraud run from scam centers in Cambodia. The case maps a specific laundering route: US bank accounts to Deltec Bank in the Bahamas, conversion into Tether, and onward transfer to wallets in Cambodia. It shows how the DOJ is pursuing the financial plumbing behind pig-butchering schemes.

Zheng Zhao, 44, was arraigned in the Central District of California after extradition from the Netherlands and faces a maximum of 20 years if convicted.
More than $36.9 million in victim funds moved from US accounts to a single Deltec Bank account in the Bahamas, was converted to Tether, and transferred to a wallet controlled in Cambodia.
The government identified 174 US victims of the fraudulent digital asset investment scheme.
Eight co-conspirators have pleaded guilty, including ShengSheng He and Jingliang Su, sentenced to 51 and 46 months respectively for conspiracy to operate an unlicensed money transmitting business.
Zhao was charged in August 2025 with conspiracy to commit money laundering as part of the Criminal Division's Cyber-Enabled Scam Initiative.

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Federal Register — SEC Source document ↗

United States Federal Register — SEC Markets & Infrastructure ✓ 13 claims 23 Oct 2026

SEC extends review of NYSE Texas plan to give issuers complimentary products

The SEC has given itself more time to rule on a NYSE Texas proposal to offer certain listed issuers complimentary products and services under a new exchange rule. This is a procedural extension under the Exchange Act, but it signals the Commission wants longer to weigh a filing that was substantially rewritten before the comment window closed. The item matters to anyone tracking exchange listing incentives.

NYSE Texas filed the proposed rule change on 13 August 2026 and Amendment No. 1 on 5 October 2026, which superseded the original filing in its entirety.
The proposal would adopt new Rule 24 under Article 22 of the NYSE Texas Rule Book to offer certain issuers complimentary products and services.
The SEC designated 30 November 2026 as the date by which it will approve, disapprove, or institute proceedings on the filing (File No. SR-NYSETEX-2026-30).
The Commission has received no comments on the proposed rule change.

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Federal Register — SEC Source document ↗

United States Federal Register — SEC Markets & Infrastructure ✓ 18 claims 23 Oct 2026

OCC proposes two-hour cyber incident reporting deadline for clearing members

The SEC has opened a comment period on OCC's proposed overhaul of Rule 213, its cybersecurity obligations rule for clearing members. The filing replaces the existing 'Security Incident' standard with a new reporting regime carrying a fixed two-hour notification clock and a tiered 'Major' event category triggering OCC's disconnection authority.

Clearing Members must notify OCC in writing no later than two hours after becoming aware of a Clearing Member System Event.
OCC may disconnect a Clearing Member or its Third-Party Service Provider upon declaring a 'Major Clearing Member System Event,' which requires approval from two or more Designated Officers and notification to the Chairman of the Board.
The Cybersecurity Confirmation attestation, required at least every two years and within 180 calendar days of OCC's notice, may now be signed by any authorized senior executive rather than a specifically designated one.
OCC's definition of 'OCC's Systems' is expanded to include established communication channels such as File Transfer Protocols, not only direct connections.
Late notification beyond the two-hour window will be evaluated under OCC's disciplinary process set out in Chapter XII of its Rules.

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IC3 — FBI Internet Crime Complaint Center Source document ↗

United States IC3 — FBI Internet Crime Complaint Center AI, Technology & Data ✓ 13 claims 23 Oct 2026

FBI warns of critical PHP core flaws enabling remote code execution

The FBI's Internet Crime Complaint Center has issued a public service announcement reiterating warnings about two PHP vulnerabilities that allow remote code execution. The alert gives organizations concrete triage steps, from patching to monitoring to incident reporting, and should be read by anyone running internet-facing PHP infrastructure or vendor products that bundle it.

The PSA follows an initial FBI social media alert issued on October 21 about the same PHP vulnerabilities.
CVE-2026-109618 and CVE-2026-109619 could allow malicious cyber actors to remotely execute code in PHP core.
The FBI recommends organizations take systems offline if an immediate update is not feasible.
Organizations should inventory where PHP runs, prioritizing internet-facing systems and vendor products that bundle PHP.
CISA published related guidance on October 21, 2026, and CERT-EU issued Security Advisory 2026-018.

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IC3 — FBI Internet Crime Complaint Center Source document ↗

United States IC3 — FBI Internet Crime Complaint Center Governance & Accountability ✓ 21 claims 23 Oct 2026

FBI and USPIS probe suspicious powder letters sent to election officials, media

A joint FBI and US Postal Inspection Service advisory flags a wave of letters containing suspicious substances sent to election offices, Secretaries of State, media organisations and polling companies. The notice sets out immediate handling steps for mailrooms and reporting channels, relevant to any organisation in these sectors reviewing its physical mail intake procedures.

The FBI and USPIS are investigating multiple letters containing suspicious substances mailed to election offices, Secretaries of State, media organisations and polling companies.
No hazardous material has been identified to date, though laboratory testing remains ongoing and all substances should be treated as hazardous.
Mail handlers at election-related locations should use PPE such as a smock or apron, mask, and nitrile gloves.
If an unknown substance is found, personnel should call 911, avoid disturbing the powder, isolate the area, and avoid alcohol-based cleansers or hand sanitizer on exposed skin.
Incidents should be reported to an FBI Election Crimes Coordinator or WMD Coordinator, the FBI tip line (1-800-225-5324), or USPIS at 1-877-876-2455.

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Federal Register — SEC Source document ↗

United States Federal Register — SEC Markets & Infrastructure ✓ 19 claims 23 Oct 2026

SEC approves FINRA exemption letting collective trust funds buy IPO shares

The SEC has approved a FINRA rule change exempting certain collective trust funds from restrictions that otherwise bar related persons from buying initial public offering shares. The order explains why FINRA dropped a numeric participant threshold it had originally proposed, and what safeguards remain in its place.

The SEC approved SR-FINRA-2026-007 on October 2, 2026, exempting specified collective trust funds from FINRA Rule 5130 and from the spinning provision in Rule 5131(b).
The exemption applies only if the CTF was not formed or maintained for the specific purpose of permitting restricted persons to invest in new issues.
FINRA removed an originally proposed condition requiring 1,000 or more plan participants and beneficiaries after two commenters said the condition was difficult to administer.
The Commission received two comment letters, from the Coalition of Collective Investment Trusts and the Investment Company Institute, both filed May 1, 2026.
FINRA filed Partial Amendment No. 1 on July 8, 2026, and the Commission instituted proceedings on July 9, 2026 before ultimately approving the filing as amended.

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Federal Register — Federal Reserve Source document ↗

United States Federal Register — Federal Reserve Governance & Accountability ✓ 13 claims 23 Oct 2026

WaFd applies to Fed to acquire EverBank Financial Corp

The Federal Reserve has published notice of WaFd, Inc.'s application to acquire EverBank Financial Corp under the Bank Holding Company Act. The notice opens a public comment window running to November 12, 2026, handled through the Federal Reserve Bank of San Francisco. This is the procedural gateway through which the transaction will be assessed against the statutory approval standards.

WaFd, Inc. of Seattle has applied to the Federal Reserve to acquire EverBank Financial Corp and indirectly EverBank, National Association, both of Jacksonville, Florida.
The application is made under the Bank Holding Company Act of 1956 and Regulation Y.
Written comments must be received no later than November 12, 2026, at the Federal Reserve Bank of San Francisco or the Board of Governors.
Comments received are subject to public disclosure and will generally be made available without change.

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DOJ Criminal Division Source document ↗

United States DOJ Criminal Division Financial Crime ✓ 16 claims 23 Oct 2026

Telemedicine owner gets 20 years for $46.2M Medicare fraud scheme

A DOJ sentencing release detailing a six-year Medicare fraud conspiracy run through a telemedicine company and affiliated durable medical equipment suppliers. Relevant for compliance teams at telehealth, DME and laboratory businesses monitoring enforcement patterns in the health care fraud space and the penalties now being imposed.

Harwood was sentenced to 20 years in prison for organizing a $46.2 million Medicare fraud conspiracy spanning more than six years.
He was ordered to pay $17,942,402 in restitution to Medicare and $10,431,463 in forfeiture.
Doctors paid by Harwood signed orders for orthotic braces and genetic tests without Medicare-compliant telemedicine visits or real patient relationships.
Harwood sold the signed doctors' orders to DME supply companies, laboratories and marketers, and used his own DME companies to bill Medicare directly.
Harwood pleaded guilty in March 2026 to conspiracy to commit health care fraud and wire fraud.

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Federal Register — SEC Source document ↗

United States Federal Register — SEC Markets & Infrastructure ✓ 19 claims 23 Oct 2026

BZX adds IEX to options routing fee code at $0.25 per contract

Cboe BZX has amended its options Fees Schedule to add IEX Exchange to fee code RP, the sub-category covering Customer orders routed away to other venues. The charge is unchanged at $0.25 per contract. The filing took immediate effect under Section 19(b)(3)(A), and the SEC is taking comment through 3 November 2026.

Fee code RP is extended to cover Customer orders routed to IEX, which BZX describes as a national securities exchange.
The per-contract charge under fee code RP remains $0.25; the addition does not change it.
The change took immediate effect on 1 October 2026 under Section 19(b)(3)(A) of the Act and Rule 19b-4(f).
Comments on File No. SR-CboeBZX-2026-083 are due on or before 3 November 2026, and the SEC may suspend the change within 60 days of filing.

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US Federal Trade Commission — press releases Source document ↗

United States US Federal Trade Commission — press releases Governance & Accountability ✓ 21 claims 23 Oct 2026

FTC asks court to hold Shkreli in contempt over lifetime pharma ban

The FTC and seven state co-plaintiffs have moved to hold Martin Shkreli in civil contempt of a 2022 court order permanently barring him from the pharmaceutical industry. They allege he traded in pharma stocks and broadcast views on drug companies online. The filing seeks divestment, disgorgement of trading profits without offsetting losses, and escalating future penalties including possible incarceration.

The FTC and seven states filed a civil contempt motion against Martin Shkreli on October 13, 2026, in the U.S. District Court for the Southern District of New York.
The motion alleges Shkreli publicly traded in pharmaceutical stocks of at least 60 companies and broadcast opinions about drug companies since his release from prison in May 2022.
The 2022 injunction banned Shkreli from directly or indirectly participating in the pharmaceutical industry, including holding an ownership interest or influencing a pharmaceutical company's management.
Sanctions sought include divestment of pharma stocks, a fine equal to trading profits plus prejudgment interest with no offset for losses, and potential incarceration for future violations.
The Commission vote to authorise the filing was 1-0; Chairman Andrew N. Ferguson is recused and Commissioner Mark R. Meador issued a statement.

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OCC Bulletins Source document ↗

United States OCC Bulletins Prudential & Capital ✓ 14 claims 23 Oct 2026

OCC publishes fall 2026 interest rate risk statistics, adds two downward shock scenarios

The OCC has released the fall 2026 edition of its Interest Rate Risk Statistics Report, drawn from examinations of supervised midsize and community banks and federal savings associations. The edition adds two new downward parallel rate shock scenarios and their policy risk limits. The data is informational only and sets no suggested limits, but the new scenarios tell treasury teams where the examiner lens is widening.

The fall 2026 report draws on interest rate risk data from OCC examinations of supervised midsize and community banks and federal savings associations.
The edition adds minus 400 and minus 300 basis point parallel rate shock scenarios for earnings at risk and economic value of equity, plus their corresponding policy risk limits.
Statistics are presented for all supervised banks with reported data, and broken out by asset size and by charter type.
The OCC states the data is informational only and does not represent suggested limits or exposures.
The bulletin rescinds OCC Bulletin 2026-14, which transmitted the spring 2026 report.

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American Bankers Association — newsroom Source document ↗

United States American Bankers Association — newsroom Financial Crime ✓ 14 claims 23 Oct 2026

Google to verify US financial services ads using ABA bank registry

Google is expanding its Financial Services Verification program to the US and Canada, using an American Bankers Association registry to confirm advertisers are legitimate banks. The move follows years of ABA pressure on platforms to curb impersonation scams, and sets a new gatekeeping step banks will need to clear before running ads.

Google will expand its Financial Services Verification program to the US and Canadian markets starting early next year.
The verification program is currently operating in 42 countries, according to Google's blog post.
Financial services firms will need to seek verification through the program before advertising on Google.
Google will use an American Bankers Association registry to verify authorized banks before ads run in the US.
Google is working with the Canadian Bankers Association on a parallel verification arrangement for Canada.

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Federal Register — SEC Source document ↗

United States Federal Register — SEC Markets & Infrastructure ✓ 18 claims 23 Oct 2026

Nasdaq Texas extends clearly erroneous trade rules to overnight sessions

Nasdaq Texas filed a rule change with the SEC amending its Clearly Erroneous Transactions rule to cover the new Overnight Price Bands approved for round-the-clock equity trading. Compliance and trading operations staff at broker-dealers should understand how trade-busting eligibility shifts once overnight trading begins.

Nasdaq Texas filed proposed rule change SR-NasdaqTX-2026-047 with the SEC on September 25, 2026.
The amendment extends Rule 11890's bar on clearly erroneous review during Market Hours to the new Overnight Protected Hours, defined as 9:00 p.m. to 4:00 a.m. ET.
The Commission approved Overnight Price Bands under the LULD Plan on August 5, 2026 via the 27th Amendment to that plan.
Transactions in NMS stocks not subject to the LULD Plan, such as rights and warrants, executed overnight would be reviewed using the Numerical Guidelines that currently apply to Pre-Market and Post-Market Hours.
The rule change is scheduled to become operative December 6, 2026, when industry-wide 23/5 trading commences, and public comments are due by November 3, 2026.

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Federal Register — SEC Source document ↗

United States Federal Register — SEC Markets & Infrastructure ✓ 16 claims 23 Oct 2026

Nasdaq Texas drops duplicate circular rule for UTP derivative securities

Nasdaq Texas has filed a rule change, effective on filing, removing its own requirement to distribute an information circular before UTP derivative securities begin trading on the exchange. The filing also updates cross-references and renumbers rule provisions. Compliance teams at member firms should check how this affects their internal disclosure and suitability workflows for these products.

Nasdaq Texas deleted Rule 5740(a)(1), ending its requirement to distribute its own information circular before UTP Derivative Security trading begins.
Rule 5740(a)(2) now requires the written description to be provided in a form approved by the listing exchange or prepared by the issuing open-ended management company, no later than delivery of the first transaction confirmation.
The exchange added express cross-references to General 9, Section 10 (suitability) and Equity 2, Section 20 (customer disclosures) in the introductory paragraph of Rule 5740.
The SEC waived the usual 30-day operative delay under Rule 19b-4(f)(6)(iii), making the change effective upon filing on September 28, 2026.
Comments on file number SR-NasdaqTX-2026-049 are due on or before November 3, 2026.

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US Federal Trade Commission — press releases Source document ↗

United States US Federal Trade Commission — press releases Conduct & Consumer ✓ 18 claims 23 Oct 2026

FTC sues sextortion relief firm accused of taking $60 million from victims

The FTC obtained a temporary halt against Digital Forensics Corporation, alleging it exploited sextortion victims by charging up to $20,000 for services it never performed, including fake investigative reports and manufactured reviews. The complaint names Belkin, several affiliated companies and multiple statutes allegedly violated, giving compliance and consumer-protection teams a detailed account of the deceptive tactics alleged.

The FTC alleges Digital Forensics misled victims into paying at least $60 million for sextortion assistance services that were never provided.
Consumers were charged between $1,499 and $20,000 for a 'Phase 1' package promising tracking, communication and law enforcement reporting that allegedly did not occur.
Defendants allegedly generated fake positive reviews using employees in India, purchased reviews from Uber drivers, and coerced customers into posting reviews before receiving services.
The complaint names Belkin, Digital Forensics and twelve affiliated companies, filed in the U.S. District Court for the Northern District of Ohio.
The FTC alleges violations of the FTC Act, the Telemarketing Sales Rule, the Reviews and Testimonials Rule and the Gramm-Leach-Bliley Act.

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DOJ Criminal Division Source document ↗

United States DOJ Criminal Division Conduct & Consumer ✓ 24 claims 23 Oct 2026

CVS to pay $315M over unlawful opioid fills and false Medicare claims

A settlement between CVS Pharmacy and the Justice Department resolves claims the chain filled invalid controlled-substance prescriptions and billed federal healthcare programs for them. This briefing sets out the alleged conduct, the monetary and remedial terms, and the whistleblower origin of the case.

CVS Pharmacy Inc. will pay $315 million to resolve CSA and FCA allegations covering October 17, 2013 through December 2, 2025.
The government's complaint, filed December 13, 2024 in the District of Rhode Island, alleged CVS filled excessive, early, 'trinity' combination and pill-mill prescriptions.
CVS has entered a memorandum of agreement with DEA requiring a hotline for reporting suspected illegal dispensing, proactive monitoring of dispensing patterns, and evaluation of suspect prescribers.
The case stems from a qui tam lawsuit by former CVS employee Hillary Estright, captioned No. 22-cv-00222 (D.R.I.), with her whistleblower recovery share not yet determined.
The complaint alleged CVS's corporate performance metrics, incentive compensation and understaffing policies prioritized profits over patient safety and barred pharmacists from warning each other about problematic prescribers.

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DOJ Criminal Division Source document ↗

United States DOJ Criminal Division Financial Crime ✓ 15 claims 23 Oct 2026

DOJ charges 14 in DPRK IT worker scheme that hit over 70 US firms

DOJ and FBI announced coordinated action against a North Korean remote IT worker fraud network, including a 14-defendant indictment in Ohio and a multi-week device seizure operation in Texas. The release details how the scheme used stolen identities and US-based facilitators to place DPRK workers inside American companies, and lists email indicators firms can use to screen hires.

The indictment charges 14 defendants, including US nationals Michael James Bostelle and Juan Cecilio Pena Carrillo, with wire fraud, money laundering and identity theft.
The scheme ran from 2019 to around July 2025 and generated approximately $3 million in revenue believed sent to sanctioned DPRK-controlled accounts.
More than 70 US companies were affected across Ohio, sixteen additional states and the District of Columbia, in sectors including health care, communications and manufacturing.
Between September 21 and 25, the FBI conducted Operation Lonestar Roundup, searching over 40 Texas residences and seizing approximately 187 laptops and KVM devices.
DOJ listed eleven specific email addresses used in the scheme and encouraged employers to add them to their detection indicators.

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CISA Advisories Source document ↗

United States CISA Advisories AI, Technology & Data ✓ 14 claims 23 Oct 2026

CISA adds six actively exploited flaws to known vulnerabilities catalog

CISA's latest KEV Catalog update adds six CVEs spanning Plex Media Server, EG Secure Solutions SiteGuard Server Edition and Siemens Software Center. The addition triggers remediation obligations under Binding Operational Directive 26-04 for federal civilian agencies and signals priority risk for any organization running the affected software.

CISA added six CVEs to the KEV Catalog on October 20, 2026 based on evidence of active exploitation.
Four of the six vulnerabilities affect Plex Media Server: CVE-2026-96652, CVE-2026-96654, CVE-2026-96655 and CVE-2026-96656.
CVE-2026-106931 affects EG Secure Solutions SiteGuard Server Edition via OS command injection.
CVE-2026-110936 affects Siemens Software Center through an uncontrolled search path element vulnerability.
BOD 26-04 requires FCEB agencies to prioritize remediation of KEV vulnerabilities on publicly exposed assets granting total control post-exploitation and to check for pre-patch compromise.

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IC3 — FBI Internet Crime Complaint Center Source document ↗

United States IC3 — FBI Internet Crime Complaint Center Financial Crime ✓ 23 claims 23 Oct 2026

FBI updates guidance on North Korean IT worker threat as facilitator use expands

The FBI's Internet Crime Complaint Center has refreshed its public and private sector guidance on North Korean remote IT workers who infiltrate western companies using stolen identities. The alert documents a shift toward paid facilitators, subcontracting to third-party foreign nationals, extortion and threats of physical violence, and urges firms to adopt a layered "identity in depth" detection approach rather than relying on single indicators.

North Korean ITWs collect salaries, steal data and extort victims under government direction, with the North Korean government receiving an estimated 85-90% of the revenue the actors generate.
ITWs pay facilitators to appear on camera, sit interviews, verify fraudulent identities, ship packages, complete urinalysis or fingerprint submissions, and host employment devices in "laptop farms".
The FBI has observed ITWs make death threats against former managers and families, and threaten to leak corporate data unless paid large lump sums.
ITWs target positions requiring U.S. government security clearances, cleared defense contractors, and active-duty military members asked to host laptops.
The FBI urges an "identity in depth" approach of layered access controls and continuous verification, warning that sole reliance on ban lists is unreliable and can block identity-theft victims.

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SEC Speeches and Statements Source document ↗

United States SEC Speeches and Statements Markets & Infrastructure ✓ 11 claims 23 Oct 2026

SEC chairman backs approval of binary options tied to company KPIs

Chairman Paul Atkins issued a statement explaining the Commission's approval of a securities exchange rule change permitting binary options tied to specified key performance indicators reported by certain issuers. The statement sets out how these products will be regulated and flags what the order deliberately leaves unaddressed, including CFTC jurisdiction over comparably structured KPI contracts.

The SEC approved a proposed rule change permitting a securities exchange to list binary options overlying specified KPIs reported by certain issuers.
The approved binary KPI options will be cash-settled, European-style, standardized options classified as NMS securities.
These options will be subject to existing securities exchange rules covering customer accounts, margin requirements, trading halts, auctions, market-maker quoting obligations, order types and time-in-force.
The approval order does not address or foreclose CFTC jurisdiction over similarly structured KPI contracts falling under that agency's jurisdiction.
Chairman Atkins' statement is dated October 13, 2026.

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Federal Register — Federal Reserve Source document ↗

United States Federal Register — Federal Reserve Prudential & Capital ✓ 13 claims 23 Oct 2026

Fed invites comment on Security Bancshares bid to add lending activities

The Federal Reserve has published a routine section 4 notice flagging that Security Bancshares Corporation of Wewoka, Oklahoma, intends to engage in nonbanking activities permitted under Regulation Y. The notice opens a short public comment window and names the Reserve Bank handling the filing. It is brief, but it is the formal point at which interested persons can contest whether the proposal meets the statutory standards.

Security Bancshares Corporation, Wewoka, Oklahoma, proposes to engage in lending activities under section 225.28(b)(1) of Regulation Y and to acquire debt in default under section 225.28(b)(vii).
Written comments on whether the proposal complies with section 4 of the BHC Act must be received no later than November 9, 2026.
The Federal Reserve Bank of Kansas City is the Reserve Bank handling the filing, with comments accepted by email at KCApplicationComments@kc.frb.org.
Comments received are subject to public disclosure and will be made available without change, including any identifying information.

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Federal Register — State Department Source document ↗

United States Federal Register — State Department Financial Crime ✓ 16 claims 23 Oct 2026

US adds two ICC-linked individuals and the Court itself to OFAC blocking list

The State Department has published a notice placing two named individuals and the International Criminal Court on OFAC's Specially Designated Nationals and Blocked Persons List under the Executive Order 14203 sanctions programme targeting the ICC. This item sets out who was designated, on what date, under which criterion, and what the blocking means for any firm with exposure to funds or property connected to those persons.

Tomoko Akane (DOB 28 Jun 1956, nationality Japan) and Abdoulaye Seye (DOB 09 May 1967, nationality Senegal) were added to the SDN List as of 18 August 2026, both located in The Hague.
The International Criminal Court, address Oude Waalsdorperweg 10, The Hague, was added to the SDN List as of 9 October 2026.
All three designations cite section 1(a)(ii)(A) of Executive Order 14203, covering direct engagement in an ICC effort to act against a protected person without the consent of that person's country of nationality.
All property and interests in property of the designated persons subject to U.S. jurisdiction are blocked.
Enquiries are directed to Samuel Parker, Deputy Assistant Secretary, Division for Counter Threat Finance and Sanctions, at iccsanctions@state.gov.

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Federal Register — Treasury Source document ↗

United States Federal Register — Treasury Conduct & Consumer ✓ 16 claims 23 Oct 2026

Treasury proposes rules defining large institutional investors barred from buying homes

Treasury has issued a notice of proposed rulemaking to implement section 1001 of the 21st Century ROAD to Housing Act, which bars large institutional investors from buying single-family homes subject to exceptions. The rule defines undefined statutory terms and clarifies enforcement before the prohibition takes effect. Comments are due November 23, 2026.

Comments on the proposed rule must be received on or before November 23, 2026.
The statutory prohibition and exceptions take effect January 7, 2027, 180 days after the Act's July 11, 2026 enactment.
A renovate-to-rent program requires improvements of at least 15 percent of the purchase price, with a non-exclusive safe harbor at 10 percent for structural or core system elements.
Civil penalties under section 1001(d) can reach the greater of $1 million or three times the purchase price of the property, and a purchase violating the Act involving more than one large institutional investor counts as a single violation for calculating the maximum penalty.
Treasury states it intends further rulemakings on other aspects of section 1001, including compliance procedures, reporting, recordkeeping, and enforcement actions.

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Federal Register — OCC Source document ↗

United States Federal Register — OCC Digital Assets ✓ 29 claims 23 Oct 2026

OCC publishes stablecoin application forms as GENIUS Act final rule lands

The OCC has sent OMB a new information collection carrying the application forms that stablecoin issuers must file under the GENIUS Act, published alongside the related final rule. It sets out exactly what domestic permitted payment stablecoin issuers and foreign issuers must submit, the factors the OCC will weigh, and a burden estimate of 4,915 hours across 40 expected respondents.

Comments on the new information collection (OMB control number 1557-NEW) are due by November 23, 2026, with the collection already sent to OMB for 30-day review.
The final rule implementing the GENIUS Act for OCC-jurisdiction stablecoin issuers is published elsewhere in the same Federal Register issue; the Act was enacted July 18, 2025 and takes effect January 18, 2026.
Permitted payment stablecoin issuer applications under 12 CFR 15.30 must include a business plan, reserve, redemption and risk management policies and Interagency Biographical and Financial Reports for directors, officers and principal shareholders.
Foreign issuer registration under 12 CFR 15.32 requires a Treasury determination of a comparable home regime under section 18, consent to US jurisdiction and certification of no material misrepresentations.
The OCC estimates 40 respondents, 40 annual responses and 4,915 total annual burden hours, a figure one commenter said materially understates the work required.

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Federal Register — FDIC Source document ↗

United States Federal Register — FDIC Prudential & Capital ✓ 12 claims 23 Oct 2026

FDIC reopens comment on Volcker Rule paperwork burden, no changes proposed

A routine Paperwork Reduction Act renewal notice from the FDIC covering its Volcker Rule information collection under 12 CFR part 351. No substantive or methodological changes are proposed. Compliance teams at covered state nonmember banks and state savings associations should note the comment deadline and the burden estimate, which has fallen slightly from the previous cycle.

Comments on the renewal must be submitted to the FDIC on or before November 13, 2026.
The prior 60-day comment period, published July 31, 2026, drew no comments.
Total estimated annual burden for the collection is 3,815 hours, down 234 hours from the previous renewal.
The collection applies to FDIC-supervised insured depository institutions subject to 12 CFR part 351, excluding those with total consolidated assets of $10 billion or less and trading assets and liabilities of five percent or less of total consolidated assets.
The FDIC states there is no change in the substance or methodology of the information collection.

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Federal Register — SEC Source document ↗

United States Federal Register — SEC Governance & Accountability ✓ 17 claims 23 Oct 2026

SEC notices exemptive application from RTW Biotech Growth Fund over share classes

A routine but consequential SEC notice: RTW Biotech Growth Fund and RTW Investments, LP have applied for exemptive relief that would let the closed-end fund adopt a multi-class share structure with early withdrawal charges and asset-based fees. The notice opens a window for interested parties to request a hearing before the order issues.

RTW Biotech Growth Fund and RTW Investments, LP filed the exemptive application on August 28, 2026.
The applicants seek exemptions from sections 18(a)(2), 18(c) and 18(i) and rule 23c-3 of the Investment Company Act of 1940, plus an order under section 17(d) and rule 17d-1.
Relief sought would permit multiple share classes, early withdrawal charges, and asset-based distribution and/or service fees.
Hearing requests must be received by the Commission by 5:30 p.m. Eastern time on November 2, 2026, accompanied by proof of service on applicants.
Absent a hearing order, the SEC will issue the requested exemptive order without further notice.

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Federal Register — State Department Source document ↗

United States Federal Register — State Department Governance & Accountability ✓ 13 claims 23 Oct 2026

State Dept seeks comment on citizenship-abroad forms, 275,000 respondents

A routine but binding Paperwork Reduction Act notice from State's Bureau of Consular Affairs opens comment on two forms used to document U.S. citizenship acquired abroad. Compliance teams handling expat or cross-border family services should note the comment window and burden estimates before the collections go to OMB.

Comments on both collections are due by December 22, 2026, submitted through Regulations.gov under Docket Number DOS-2026-1123.
DS-2029, the Application for Consular Report of Birth Abroad, carries an estimated 113,212 respondents at 60 minutes average response time, for 113,212 total burden hours.
DS-5507, the Affidavit of Physical Presence or Residence, Parentage, and Support, carries an estimated 162,161 respondents at 30 minutes average response time, for 81,081 total burden hours.
Both collections are listed as required to obtain or retain a benefit, meaning respondents must complete them to secure the underlying citizenship or nationality determination.
Email and regular mail comment options have been suspended, with all submissions centralized through Regulations.gov or a dedicated comment email address.

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American Bankers Association — newsroom Source document ↗

United States American Bankers Association — newsroom Markets & Infrastructure ✓ 15 claims 23 Oct 2026

US housing starts fall again in September, missing forecasts at 1.221m

The American Bankers Association's DataBank note reads the September Census Bureau housing report for banks with mortgage and construction exposure. Starts fell for the month, missed market expectations and ran below a year ago, continuing a decline the ABA traces to a 2022 peak. The single forward-looking positive is multifamily permitting. This is a short indicator piece, useful for pipeline and credit-demand context.

September housing starts were 1.221 million SAAR, below the 1.305 million market expectation and 5.2% under the revised August figure of 1.288 million.
The September reading was 7.4% below the September 2025 rate of 1.319 million, continuing a decline the ABA dates to a 2022 peak.
Single-unit starts fell 4.6% and multiunit starts fell 6.7% for the month, while single-unit permits fell 4% and multiunit permits rose 6.1%.
Starts in the South rose 6.1% from August to 714,000, the only region up for the month.
The ABA Office of the Chief Economist cites affordability, labor shortages, input costs and elevated mortgage rates, and says residential building could remain subdued.

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Federal Register — SEC Source document ↗

United States Federal Register — SEC Markets & Infrastructure ✓ 19 claims 23 Oct 2026

Texas Stock Exchange offers equity stakes to lure first ten corporate listings

A Texas Stock Exchange rule filing, effective immediately under SEC fast-track procedures, creates an equity incentive program for the first wave of corporate listings. Compliance teams at issuers weighing a listing transfer, and rivals tracking exchange competition for listings, should note the eligibility thresholds and vesting conditions set out below.

Rodeo II grants 100,000 restricted stock units in TXSE Group Inc. to each of the first ten qualifying Founding Partners.
Primary listings require a trailing 90-trading-day average market cap of at least $3.5 billion; dual listings require at least $100 billion.
Units vest 50% on the first anniversary and 50% on the second anniversary of continuous listing on TXSE.
The program runs until all awards are allocated, December 31, 2026, or TXSE terminates it, whichever comes first.
TXSE may increase the award pool to fifteen at its sole discretion, with public notice on its website.

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NIST — cybersecurity and identity updates Source document ↗

United States NIST — cybersecurity and identity updates Prudential & Capital ✓ 17 claims 23 Oct 2026

NIST opens Cybersecurity Career Week, October 19-24, 2026

NIST's cybersecurity insights blog announces Cybersecurity Career Week, a workforce-awareness campaign rather than a rule or supervisory action. It lists a schedule of webinars, an in-person NCCoE event and a social media challenge aimed at people considering cybersecurity careers, plus pointers to the NICE Framework and CyberSeek tools.

Cybersecurity Career Week, led by NIST's NICE Program, runs October 19-24, 2026.
A webinar titled "Networking Like a Leader" is scheduled for October 14, 2026 from 1:00-2:00 PM ET.
The NCCoE is hosting an in-person Cybersecurity Connections event on October 15, 2026 from 11:00 AM-1:30 PM ET.
A six-day #mycyberjob media challenge runs across X, Instagram, Facebook and LinkedIn from October 19-24, 2026.
Additional webinars on breaking into cybersecurity and student career pathways are scheduled for October 20 and October 21, 2026.

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DOJ Criminal Division Source document ↗

United States DOJ Criminal Division Financial Crime ✓ 15 claims 23 Oct 2026

Sinaloa Cartel transporter pleads guilty to meth and marijuana trafficking

A DOJ press release details the guilty plea of a Mexican national who worked as a distributor and transporter for Sinaloa Cartel-affiliated traffickers. The case, brought under the Homeland Security Task Force initiative, illustrates federal prosecutors' continued focus on mid-level cartel logistics networks and the financial channels that support them.

Hernandez Ochoa pleaded guilty to conspiracy to distribute 500 grams or more of methamphetamine and 1,000 kilograms or more of marijuana for importation into the United States.
Court documents say he worked from 2015 to 2017 as a distributor and transporter using private planes, human couriers, tunnels, semi-trailer trucks and hidden vehicle compartments.
He also coordinated transportation of cash for drug purchases and its repatriation from the U.S. after sale.
Sentencing is scheduled for Feb. 2, 2027, and he faces a maximum penalty of life in prison.
The Justice Department's Office of International Affairs assisted in his extradition, with cooperation from the Government of Mexico.

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Washington State DFI Source document ↗

United States Washington State DFI Conduct & Consumer ✓ 17 claims 23 Oct 2026

Washington state regulator publishes consumer guide to credit card billing cycles

This is a consumer-facing explainer from Washington's Department of Financial Institutions aimed at cardholders confused by statement balances versus app balances. It covers billing cycle mechanics, grace periods and the difference between a credit card balance and a checking account balance, intended as financial literacy content rather than new rulemaking.

The post explains that a credit card purchase is effectively borrowing money with a promise to repay, usually with interest, unlike a debit card which draws funds immediately.
Purchases and transactions accumulate during a billing cycle, and the card issuer produces a statement when that cycle ends.
Paying the full statement balance by the due date will generally allow a cardholder to avoid interest on purchases if the card has a grace period.
The statement balance, minimum payment and payment due date are described as three distinct pieces of information that tell a cardholder different things.
The statement closing date is cited as the reason a newer purchase may not appear in the amount currently due.

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Federal Register — SEC Source document ↗

United States Federal Register — SEC Governance & Accountability ✓ 18 claims 23 Oct 2026

SEC seeks OMB renewal of municipal advisor registration rules and forms

This is a routine Paperwork Reduction Act notice in which the SEC asks OMB to extend approval of the information-collection rules underpinning municipal advisor registration. It matters to compliance teams at municipal advisory firms because it quantifies, in granular detail, the ongoing filing burden they carry under Forms MA, MA-I, MA-W and MA-NR.

As of December 31, 2025, approximately 419 municipal advisors were registered with the Commission.
The Commission estimates 15 new Form MA applicants annually for each of the next three years, totalling 45 over the period.
The average internal cost of compliance per hour for completing Forms MA and MA-I is estimated at approximately $271.
Rule 15Ba1-8 requires municipal advisory firms to obtain and retain, for not less than five years, written consent to service of process from each associated person engaged in municipal advisory activities.
The Commission estimates it will receive an average of 21 Form MA-W withdrawals and enter orders cancelling or revoking registration of 4 municipal advisors annually over the next three years.

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Federal Register — SEC Source document ↗

United States Federal Register — SEC Markets & Infrastructure ✓ 21 claims 23 Oct 2026

Cboe EDGX adopts generic listing standards for options on multi-crypto-asset trusts

Cboe EDGX has filed a non-controversial rule change, operative on filing, that lets it list options on commodity-based trusts holding more than one crypto asset and on exchange-traded funds defined under Rule 6c-11. The standards copy rules the SEC already approved for affiliate Cboe Options. Comments are open until November 12, 2026, and the Commission may suspend the change within 60 days.

Each crypto asset in a listed multi-asset trust must have an average daily market value of at least $700 million over the trailing 12 months and underlie a derivatives contract on a market with a comprehensive surveillance sharing agreement.
The filing permits options on exchange-traded funds defined under Rule 6c-11, relying on that rule's portfolio transparency requirements as the anti-manipulation basis.
Continued listing standards require the Exchange to review the market-value criterion monthly and consider suspending opening transactions if criteria are no longer met.
The rules are substantively identical to Cboe Options standards approved by the SEC in April 2026 under SR-CBOE-2026-020.
The change became operative on filing after the SEC waived the 30-day delay; written comments are due by November 12, 2026.

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DOJ Criminal Division Source document ↗

United States DOJ Criminal Division Financial Crime ✓ 19 claims 23 Oct 2026

New Jersey brothers plead guilty to stealing $2.6 million in fake tax refunds

A DOJ guilty plea announcement details how two brothers used false Form 1041 trust filings to extract over $2.6 million combined in fraudulent IRS refund checks, then obstructed collection efforts with false nonresident filings. The case is part of DOJ's first National Tax Enforcement Surge, giving compliance and financial crime teams a window into current enforcement priorities.

Ronald Chrichlow and Gordon Chrichlow pleaded guilty to theft of government funds after claiming false refunds of $978,126 and $1,643,172 on 2022 Form 1041 filings.
The IRS issued Treasury checks for both amounts in March 2023, and Gordon Chrichlow used proceeds to buy a Porsche Taycan for approximately $117,364 and a house for approximately $686,258.
After an IRS revenue officer was assigned in August 2023, the brothers filed false Form 1040-NR returns falsely claiming nonresident status and treaty-based tax exemption.
Ronald Chrichlow earned $960,000 between 2021 and 2024 but did not file returns from 2022 to 2024, and separately claimed a false $93,228 refund for 2021.
Gordon Chrichlow failed to file returns from 2021 through 2024 despite earning more than $1.4 million in gross income in those years.

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DOJ Criminal Division Source document ↗

United States DOJ Criminal Division Financial Crime ✓ 14 claims 23 Oct 2026

Four Texans indicted over trust tax shelter tied to $200 million IRS loss

The indictment covers one case within DOJ's first National Tax Enforcement Surge, a nationwide push spanning early September to October 14. It details a promoted trust scheme, alleged obstruction of IRS audits, personal tax evasion and a separate fraudulent securities solicitation tied to one defendant, with charges carrying penalties up to 20 years per count on the most serious counts.

The indictment alleges the trust scheme sheltered more than $1.5 billion in client income, causing an estimated $200 million tax loss to the IRS.
Clients allegedly paid fees often exceeding $100,000 and were encouraged to backdate trusts and file amended returns claiming refunds.
Weickgenant is charged with corrupt interference with the IRS, including instructing clients not to speak with investigators and not to comply with a court order enforcing an IRS summons.
MacDonald is separately charged with wire fraud and transactions with criminally derived property over an alleged $2 million investor solicitation while under an SEC injunction barring unregistered securities sales.
The case is one of 76 defendants charged nationwide under DOJ's first National Tax Enforcement Surge, covering an estimated $490 million in intended and estimated federal revenue loss.

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DOJ Criminal Division Source document ↗

United States DOJ Criminal Division Governance & Accountability ✓ 14 claims 23 Oct 2026

DOJ opens Second Amendment probe into Pennsauken, New Jersey permit delays

The Justice Department has opened an investigation into whether Pennsauken, New Jersey unconstitutionally delays firearm permits. The inquiry is run by the Civil Rights Division's Second Amendment Section and rests on the Supreme Court's reasoning in Bruen. This item covers what the department is examining, the legal theory it is using, and how the Division is now deploying its gun-rights enforcement arm against local permitting systems.

The investigation, opened October 14, 2026 under press release 26-1200, targets delays in issuing firearm licenses in Pennsauken, New Jersey.
The inquiry focuses specifically on the Pennsauken Township Police Department's permitting system.
The department relies on Bruen (2022), which it reads as treating lengthy processing wait times as an abusive use of a permitting scheme.
AAG Harmeet K. Dhillon directed the Civil Rights Division's Second Amendment Section to run the investigation.
The release states the investigation does not support any armed obstruction of federal or local law enforcement.

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SEC Speeches and Statements Source document ↗

United States SEC Speeches and Statements Markets & Infrastructure ✓ 16 claims 23 Oct 2026

SEC trading chief details Rule 611 review, tokenised venue exemption and new derivatives

A speech by the SEC's Division of Trading and Markets director lays out the status of three live market structure initiatives: the proposed rescission of Rule 611, a conditional exemption for tokenised securities trading venues, and a wave of new derivatives products entering the market under SEC and CFTC jurisdiction. It matters because each affects execution obligations and venue registration status.

The Division is analysing over 1,200 comment letters on the June 11 proposal to rescind Rule 611 and amend Rule 610(e) for locked and crossed markets.
Chairman Atkins directed the Division to review Rule 610 access fee caps and Rule 612 minimum pricing increments by year-end, alongside any Rule 611 change.
The Commission approved the Innovation Exemption on September 17, a five-year conditional exemption from the exchange definition for Tokenized Securities Venues trading tokenised NMS stocks.
Five CFTC-registered DCMs, Coinbase, Kalshi, Bitnomial, NADEX and ICE Futures, filed Form 1-Ns in September to notice register as security futures exchanges.
The Commission approved Cboe's proposal to list binary security options based on KPIs tied to NMS securities, and CME launched cash-settled single-stock futures on July 27.

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