Regulus — The global regulatory broadcast network

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American Bankers Association — newsroom Source document ↗

United States American Bankers Association — newsroom Governance & Accountability ✓ 20 claims 22 Oct 2026

US banks turn to podcasts for marketing as listenership reaches 158 million

The ABA Banking Journal profiles how community and regional banks use podcasting as a marketing and relationship tool. It draws on practitioners at South State Bank, Sunrise Banks and the former Keystone Bank, covering why they launched, how they measure results and what separates shows that gain traction from those that stall. A short, practical read for marketing and communications leads.

RSS.com data cited in the piece puts US monthly podcast listeners at more than 158 million, about half of Americans aged 12 and over.
Grandview Research forecasts the US podcasting market will grow by about 19 percent between 2025 and 2030.
South State Bank's The Community Bank Podcast now averages about 3,500 downloads per month, up from roughly 500 at its 2020 launch.
Practitioners stress defining a target audience and keeping production lean, with Sunrise Banks describing a setup of "a Yeti mic and then some graphic designer's time."
There are approximately 4.5 million podcasts registered worldwide, making intentional promotion necessary to capture attention.

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DOJ Criminal Division Source document ↗

United States DOJ Criminal Division Financial Crime ✓ 14 claims 22 Oct 2026

ISIS-inspired inmate gets 50 years for stabbing attack on prison guards

A Justice Department press release details the sentencing of Abdulrahman El Bahnasawy for a 2020 assault on two corrections officers at USP Allenwood while he was already incarcerated for plotting ISIS attacks in New York City. The release covers the sentence, the underlying conduct, and prior proceedings.

Bahnasawy, 28, was sentenced to 50 years for the Dec. 7, 2020 attack on two corrections officers at USP Allenwood.
The 50-year term runs consecutive to the 40-year sentence he is already serving for plotting a 2016 ISIS attack in New York City.
Bahnasawy pleaded guilty in November 2025 to assault, assault with intent to commit murder, possession of contraband, and providing material support to ISIS.
One of the two attacked corrections officers lost his right eye as a result of the assault.
A note reading 'This is a terrorist attack for the Islamic State' was found in Bahnasawy's sock after he was restrained.

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Federal Register — State Department Source document ↗

United States Federal Register — State Department Financial Crime ✓ 12 claims 22 Oct 2026

State Department waives child soldier arms restrictions for eight countries

The Child Soldiers Prevention Act bars certain US military assistance and arms sales to governments that recruit child soldiers unless the President certifies progress and waives the restriction. This notice records the annual national-interest determination covering eight countries and sets out exactly which categories of assistance each waiver unlocks.

The waiver for the Central African Republic covers IMET assistance, excess defense articles and DCS licenses only.
The DRC waiver is limited to IMET, peacekeeping operations assistance and DCS licenses.
Ethiopia, Nigeria and Yemen receive full waivers of the section 404(a) prohibition with no stated limitation.
Somalia's waiver is restricted to peacekeeping operations assistance and support under 10 U.S.C. 331 and 10 U.S.C. 333.
The Russian Federation receives a waiver solely for DCS licenses connected to the International Space Station.

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Federal Register — NCUA Source document ↗

United States Federal Register — NCUA Prudential & Capital ✓ 22 claims 22 Oct 2026

NCUA seeks comment on renewing five credit union reporting collections

The NCUA has published a Paperwork Reduction Act notice covering the renewal of five existing information collections it intends to submit to OMB for clearance. The filings span capital planning, supervisory stress testing, loan participation, the Central Liquidity Facility and premises rules. None is a new obligation, but the notice fixes the agency's burden estimates and opens a comment window that closes on December 21, 2026.

Comments on all five collections are due by December 21, 2026, after which the requests go to OMB for clearance.
Each collection is an extension of a previously approved collection, not a new requirement.
Capital planning and stress testing (12 CFR 702-E) carries the highest estimated annual burden at 11,710 hours; loan participation (701.22) is estimated at 2,916 hours.
Capital planning and stress testing rules apply to federally insured credit unions reporting $10 billion or more in assets on their March 31 Call Report, with plans due to NCUA by March 31 each year.
Supervisory stress test tiers run from Tier I ($10bn to under $15bn) through Tier III ($20bn or more), with Tier II and III credit unions required to conduct the tests.

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Federal Register — State Department Source document ↗

United States Federal Register — State Department Governance & Accountability ✓ 17 claims 22 Oct 2026

State Department delegates presidential appointments authority to office director

A routine Federal Register notice records a formal delegation of authority within the State Department, transferring specific administrative powers to the Office of Presidential Appointments. It affects internal State Department process rather than external regulated industries, but it documents how authority over diplomatic titling, accreditation and custody of the Great Seal is now exercised.

Under Secretary for Management Jason Evans signed Delegation of Authority No. 629 on August 11, 2026, per the notice's summary.
The delegation gives the Director and Deputy Director of the Office of Presidential Appointments authority to prescribe regulations and approve exceptions under the office's programs.
The delegation covers approval of Minister-Counselor and Counselor diplomatic title exceptions where lack of title would impair mission functions.
The delegation includes authority to approve accreditation of non-U.S. government personnel abroad, including personal services contractors, commercial contractors and grantees.
The Director and Deputy Director also assume the role of Custodian of the Great Seal of the United States under this delegation.

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Federal Register — SEC Source document ↗

United States Federal Register — SEC Conduct & Consumer ✓ 10 claims 22 Oct 2026

SEC corrects comment deadline for interval fund share class proposal

The SEC has issued a correction to the DATES section of a proposed rule on interval fund modernization and multiple share classes for registered closed-end management companies. This brief covers what the correction changes, the affected release numbers, and the revised comment deadline firms should track.

The correction applies to proposed rules document 2026-20360, originally published October 5, 2026 at page 63388 of the Federal Register.
The corrected DATES section sets the comment deadline as December 4, 2026.
The rulemaking covers 17 CFR Parts 239, 249, 270, and 274 under Release No. 33-11444, 34-106534, IC-36351, File No. S7-2026-34, RIN 3235-AN83.
The correction notice was filed on October 19, 2026 at 8:45 a.m.

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National Crime Agency UK Source document ↗

United Kingdom National Crime Agency UK Financial Crime ✓ 16 claims 22 Oct 2026

'Lord of Fraud' Hugh Rodley admits child sexual abuse offences after NCA inquiry

The National Crime Agency reports that Hugh James Rodley, previously jailed over two large-scale frauds, has admitted making and possessing indecent images of children. The case sits outside conventional financial-crime reporting, but it concerns a figure whose fraud convictions are well known to the sector and illustrates how NCA arrests on one matter can surface entirely separate offending.

Rodley admitted six counts of making indecent images or videos of children and one count of possession at Cheltenham Magistrates' Court on 22 October.
A laptop seized after his 4 December arrest held 198 indecent images, 19 at category A, 12 at category B and 167 at category C, with at least 806 related searches.
After a second arrest on 27 January, officers found an iPhone containing 295 indecent images used almost immediately after he was bailed.
Rodley was previously jailed for eight years in 2009 over an attempt to steal £229m from a Japanese bank and for seven years in 2012 for defrauding more than 700 pensioners of £6m.
He returns to Cheltenham for sentencing on 22 November.

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DOJ Criminal Division Source document ↗

United States DOJ Criminal Division Governance & Accountability ✓ 12 claims 22 Oct 2026

DOJ opens CRIPA probe into conditions at D.C. jail facilities

The Justice Department has notified D.C. Mayor Muriel Bowser that it is opening a federal civil rights investigation into the D.C. Department of Corrections. The probe follows allegations including excessive force, inadequate medical care and unsanitary conditions, and will test whether a pattern or practice of constitutional violations exists under CRIPA.

The Justice Department notified D.C. Mayor Muriel Bowser on October 19, 2026 of a federal investigation into D.C. DOC correctional facilities.
The investigation proceeds under the Civil Rights of Institutionalized Persons Act (CRIPA), covering patterns or practices of resistance to constitutional rights.
Allegations include failure to protect inmates from excessive force, inadequate medical care, unsafe and unsanitary conditions, and inadequate nutrition.
The Department cites numerous allegations plus a report from the District of Columbia's own Auditor as grounds for the probe.
DOJ states it has not reached any conclusions regarding the allegations and is soliciting further information via civilrights.justice.gov/report/.

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Washington State DFI Source document ↗

United States Washington State DFI Financial Crime ✓ 15 claims 22 Oct 2026

Washington DFI files Statement of Charges against Digital Access and Christina Habhab

The Washington State Department of Financial Institutions has entered a Statement of Charges naming Digital Access, LLC and an associated individual under the Uniform Money Services Act. The published record carries only the case identifier, the respondents, the date and the governing act, so this briefing reports what the filing states and no more.

The DFI entered a Statement of Charges, case number C-26-4362-26-SC01, on 15 October 2026.
The respondents are Digital Access, LLC (NMLS #2185177) and Christina C. Habhab (NMLS #2301318).
The action is brought under the Uniform Money Services Act.
The full order is published as a linked PDF, C-26-4362-26-SC01-Digital-Access-LLC-et-al_web.pdf.

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Bank of Russia Source document ↗

Bank of Russia Prudential & Capital ✓ 14 claims 22 Oct 2026

Bank of Russia revokes licence of NCO Taidon over missed mandatory payments

The Bank of Russia has withdrawn the banking licence of NCO Taidon LLC, a small non-bank credit organisation in Kemerovo, citing poor asset quality and insolvency. The regulator installed a provisional administrator the same day. This item sets out the stated grounds, the statutory basis and the immediate consequences for a reader tracking Russian prudential actions.

The Bank of Russia revoked NCO Taidon LLC's licence by Order No. OD-1864 dated 22 October 2026 under Clause 4 of Part 2 of Article 20 of the Federal Law 'On Banks and Banking Activities'.
The regulator acted on the basis that the institution failed to make mandatory payments for longer than 14 days and had become insolvent.
NCO Taidon LLC ranked 355th by assets in the Russian banking system according to financial statements as of 1 October 2026.
By Order No. OD-1865 the Bank of Russia appointed a provisional administrator until a receiver or liquidator is appointed, and under federal laws the powers of the executive bodies were suspended.

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American Bankers Association — newsroom Source document ↗

United States American Bankers Association — newsroom Financial Crime ✓ 14 claims 22 Oct 2026

Fraud now costs US financial firms $5.47 for every $1 lost, LexisNexis finds

Two industry studies quantify what fraud is costing US banks and financial services firms. LexisNexis puts the multiplier on each dollar of fraud at $5.47, up from $4 in 2021, while PYMNTS.com finds institutions now spend more than $2 to prevent every $1 that gets through. The data points to mobile channels, AI-generated techniques and a sharp divergence between large banks and fintechs.

LexisNexis finds every $1 of fraud costs US financial services firms $5.47, up from $4 in 2021.
Websites and mobile apps accounted for nearly 70% of fraud losses, and 96% of institutions reported more fraud targeting mobile channels.
Institutions estimated AI-generated techniques contributed to 19% of fraud losses in the US.
PYMNTS.com put losses per institution at $1.92 million in 2026, up 8% from $1.78 million in 2024, with prevention spend rising to $4.35 million.
Nonbank fintech firms saw fraud losses rise from $800,000 to $2.84 million per institution, while large banks cut losses by nearly half.

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American Bankers Association — newsroom Source document ↗

United States American Bankers Association — newsroom AI, Technology & Data ✓ 15 claims 22 Oct 2026

Synchrony says 45 million US adults remain locked out by credit scoring

An opinion piece from Synchrony's chief credit officer makes the case that traditional credit scoring excludes tens of millions of creditworthy Americans, and describes how the firm's AI-driven underwriting system, Synchrony PRISM, uses alternative data to expand access. Compliance and risk teams tracking alternative data underwriting and consumer consent practices should note the specifics offered.

The Federal Reserve recently reported that US credit card balances rose to $1.26 trillion.
Synchrony's chief credit officer states that reliance on three-digit credit scores locks roughly 45 million US adults out of mainstream credit.
Synchrony PRISM, launched in 2018, now analyzes tens of thousands of data signals and can pull up to 9,000 data points on an applicant in real time.
In the initial phase of the OCC's Project REACh, Synchrony approved nearly 70,000 loans to individuals with no prior credit history.
More than 60% of those Project REACh borrowers reached a prime credit score within a year, according to the piece.

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FCA Source document ↗

United Kingdom FCA Prudential & Capital ✓ 16 claims 22 Oct 2026

ePayments Systems enters special administration, FCA confirms

The FCA confirms e-money firm ePayments Systems Limited has entered special administration, a regime designed to prioritise returning customer funds quickly. This covers who is now responsible, what protections apply, and why FSCS compensation does not cover this case.

EPS entered special administration on 15 October 2026 under the Payment and Electronic Money Institution Insolvency Regulations 2021.
Mark Boast and Allister Manson of Opus Restructuring LLP were appointed joint special administrators.
The FSCS does not cover payment services, so EPS customers have no compensation scheme protection for these funds.
The special administrators will assess all funds held by the firm to confirm the current safeguarding position.
The FCA states EPS remains FCA-authorised and subject to its rules throughout the administration.

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FCA Source document ↗

United Kingdom FCA Governance & Accountability ✓ 14 claims 22 Oct 2026

Jarvis Investment Management enters special administration, FCA confirms

The FCA has confirmed that Jarvis Investment Management, a UK wealth manager it authorises, has entered special administration. This briefing sets out the appointment, the FCA's ongoing supervisory role, and what clients with money or custody assets held at the firm need to do next.

Jarvis Investment Management Limited (FRN 116413) entered special administration on 14 October 2026.
Adam Stephens and Philip Hemming of S&W Partners LLP were appointed as special administrators.
Jarvis Investment had agreed a voluntary requirement with the FCA on 16 September 2022 restricting its activities without FCA consent.
Clients will be written to within 8 weeks of the appointment explaining how money and assets will be returned and how to claim.
The FSCS may cover shortfalls in client money or assets and distribution costs up to £85,000 for eligible clients.

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SEC Speeches and Statements Source document ↗

United States SEC Speeches and Statements Conduct & Consumer ✓ 14 claims 22 Oct 2026

SEC official warns on governance gaps in California JPA bond financings

A speech by the SEC's municipal securities chief to a California public finance conference lays out specific concerns about bond-issuing joint powers authorities, citing fee structures, board composition and disclosure failures, before turning briefly to risks in the fast-growing energy prepay bond sector.

One JPA financed 14 essential housing projects with $2.5 billion in bond financing, and half have defaulted, dipped into reserves, or reported impairment.
Another JPA has a 1% default rate, which the speech says is over 30 times the overall municipal bond default rate and over 100 times the default rate for general governmental bonds.
Firms advising California JPAs received fees ranging from around $3.1 million to over $11.9 million per JPA for the fiscal year ended June 30, 2025.
The two largest California statewide JPAs have retained almost $125 million in issuer fees since 2010.
Energy prepay bonds have surpassed $100 billion outstanding in 2025 and now exceed 5% of the Bloomberg Municipal Index, with 37% average annual issuance growth.

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American Bankers Association — newsroom Source document ↗

United States American Bankers Association — newsroom Financial Crime ✓ 12 claims 22 Oct 2026

FinCEN alerts banks to Iranian abuse of Shi'a religious charity networks

FinCEN has issued an alert to help financial institutions identify and report what it says is potential Iranian exploitation of religious charity networks, including khums payments from the global Shi'a community. It lists red flags and lands alongside fresh sanctions on a Cuban bank, both part of a campaign to isolate Iran financially.

FinCEN issued the alert on October 15, 2026 to help institutions identify and report potential Iranian abuse of religious charity networks.
The alert warns that Iran seeks to co-opt khums payments from the global Shi'a community to fund its activities.
It sets out several red flags that may indicate activity tied to Iran's abuse of religious charity networks.
The alert was issued alongside new sanctions on Cuba-based Banco Internacional de Comercio for allegedly supplying services to Iran, both part of Operation Economic Outcast.

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Washington State DFI Source document ↗

United States Washington State DFI Conduct & Consumer ✓ 11 claims 22 Oct 2026

Washington state regulator urges consumers to review credit reports for errors

Washington State's Department of Financial Institutions has published consumer guidance explaining what information appears on a credit report and how to check it for accuracy. The piece is aimed at everyday consumers rather than regulated firms, but compliance teams handling credit reporting disputes or furnisher obligations may find it useful context for how the state frames consumer expectations.

The post identifies accounts (credit cards, auto loans, mortgages), balances, credit limits, payment history and personal information as the main contents of a credit report.
AnnualCreditReport.com is named as the official site for obtaining reports from Equifax, Experian and TransUnion.
The post states consumers can access their credit reports once a week for free through that site.
Consumers are advised to check for unrecognized accounts, mismatched balances, inaccurate personal information and unfamiliar inquiries.

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FCA Source document ↗

United Kingdom FCA Governance & Accountability ✓ 11 claims 22 Oct 2026

FCA signs lease for new Leeds office, relocating in 2028

A short FCA news update on a property matter rather than a policy change: the regulator has agreed a new long-term office in Leeds. It matters mainly to staff, suppliers and local stakeholders tracking the FCA's regional footprint and its 2030 workforce target.

The FCA has signed an agreement for a new office at 2 Wellington Place, Leeds.
The new site will provide 36,097 sq ft of space and becomes the FCA's long-term Leeds home from 2028.
The FCA's current Leeds office at 6 Queen Street opened in 2022 and has continued to grow since.
The move supports the FCA's five-year strategy ambition of 1,000 roles based outside London by 2030.
The FCA says it will share more about the new office and plans closer to 2028.

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Washington State DFI Source document ↗

United States Washington State DFI Conduct & Consumer ✓ 18 claims 22 Oct 2026

Washington DFI tells consumers how to dispute credit report errors

A consumer-facing blog post from Washington's Department of Financial Institutions walks through what to do when a credit report shows an account, balance or inquiry a consumer does not recognise. It covers investigation, the dispute process with credit reporting companies, and when to escalate to DFI.

Consumer Reports found that more than one in 10 people have inaccurate information on their credit report that could affect their score.
AnnualCreditReport.com recommends identifying the disputed item, explaining why it is believed inaccurate, and submitting supporting documents.
Consumers should keep original documents and save copies of everything sent to or received from disputed parties.
Disputes can be filed both with the credit reporting company and with the company that furnished the disputed information.
Washington DFI says it may assist if a dispute goes unresolved and the financial service provider falls under its authority.

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Washington State DFI Source document ↗

United States Washington State DFI Conduct & Consumer ✓ 17 claims 22 Oct 2026

Washington DFI warns consumers to vet fees behind credit-building products

Washington's Department of Financial Institutions publishes consumer guidance distinguishing credit invisibility from thin credit files, and walks through the main tools marketed to build a credit history. The piece is aimed at consumers weighing secured cards, authorized-user status, credit-builder loans and rent reporting, and flags questions to ask before paying for any of them.

DFI distinguishes 'credit invisibility' (little or no credit history) from a 'thin credit file' (some history, but not much).
The guidance recommends asking what information will be reported, who will receive it, and what the service will cost over a year before paying for a credit-building service.
A secured credit card uses a security deposit that often becomes the card's credit limit, reducing risk to the issuer.
Authorized-user arrangements only help if the card issuer reports authorized-user information, which consumers should verify before agreeing.
Credit-builder loans may carry interest and fees, and DFI advises finding out the full cost of the loan before signing up.

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Govinfo Source document ↗

United States Govinfo Financial Crime ✓ 15 claims 22 Oct 2026

US Senate passes bill requiring dating apps to warn users of banned fraudsters

The Senate passed the Romance Scam Prevention Act by unanimous consent, a measure that would require online dating service providers to notify users when they have been communicating with an account banned for fraud. Senator Blackburn, presenting the bill, tied it to roughly $1.3 billion in annual losses from online romance scams, overwhelmingly borne by older Americans. For platform operators it introduces a statutory disclosure duty.

The Senate passed H.R. 2481, the Romance Scam Prevention Act, by unanimous consent on 23 September 2026.
The bill requires online dating service providers to provide fraud ban notifications to users.
Senator Blackburn said Americans lose roughly $1.3 billion each year to online romance scams, with senior citizens overwhelmingly the victims.
Blackburn described the scams as run by transnational criminal organisations that traffic workers into fraud dens and increasingly use AI to deceive consumers.
Representative Valadao was credited as sponsor of the House legislation.

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Brdr.Hkma Source document ↗

Hong Kong Brdr.Hkma AI, Technology & Data ✓ 32 claims 22 Oct 2026

HKMA replaces 2019 AI principles with new 'ART' guidance for banks

The Hong Kong Monetary Authority has issued updated supervisory guidance on responsible adoption of artificial intelligence by authorised institutions, superseding its 2019 High-level Principles. Built around three pillars, Accountability, Resilience and Trust, the document sets expectations on governance, use-case inventories, testing, incident response, data and third-party risk, and fair treatment of customers. This segment covers what changed and what firms must now uplift.

The guidance supersedes the HKMA's High-level Principles on Artificial Intelligence dated 1 November 2019 and is structured around three pillars forming the acronym ART: Accountability, Resilience and Trust.
Boards must approve an AI strategy and risk appetite, assign an owner to each deployed use case, and maintain an up-to-date inventory of approved use cases while implementing controls against 'shadow AI'.
Material or higher-risk use cases require independent validation, adversarial testing where appropriate, senior management sign-off, and a built-in kill switch or equivalent for prompt suspension.
Firms must ensure data use complies with the Personal Data (Privacy) Ordinance and use contractual safeguards to stop AI service providers re-using customer data for model training without authorisation.
Before offering an AI-powered service, institutions must inform consumers of the use of AI and relevant risks, with existing disclosure and opt-out expectations continuing to apply.

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BIS Press Releases Source document ↗

Global BIS Press Releases Markets & Infrastructure ✓ 17 claims 22 Oct 2026

BIS study finds offshore NDF trades move onshore exchange rates within minutes

BIS working paper 1383 examines how offshore non-deliverable forward trading in ten emerging market currencies feeds through to onshore spot rates, using transaction-level data cleared through LCH ForexClear from 2014 to 2025. Relevant for central banks and FX desks assessing how capital controls and bank access rules shape currency transmission.

The paper uses transaction-level data on NDF trades for 10 emerging market currencies cleared through LCH ForexClear from 2014 to 2025.
A $1 billion increase in offshore dollar demand moves the onshore exchange rate by about 10 basis points within minutes.
The same $1 billion shock moves the offshore forward rate by about 18 basis points.
The offshore-onshore price gap narrowed when Indian banks were allowed to participate in offshore markets in 2020 and widened again when that access was restricted in 2026.
The study draws on four episodes of regulatory change affecting banks' offshore NDF access in China, Malaysia and India.

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Single Resolution Board Source document ↗

European Union Single Resolution Board Governance & Accountability ✓ 15 claims 22 Oct 2026

SRB closes recruitment for internal auditor post in Brussels

A staffing notice rather than a policy document: the Single Resolution Board advertised an internal auditor role reporting administratively to its Chair and functionally to the Board in Plenary Session. The vacancy has now closed, but the posting sets out the mandate and reporting lines for an internal audit function at the EU's bank resolution authority.

The role is graded AD6, based in Brussels, with an estimated monthly basic salary of €6,961.29.
The contract is a three-year renewable Temporary Agent position within SRB.CM.IA, the Internal Audit area.
Audit and advisory engagements are to be performed in line with the 2024 Global Internal Audit Standards (GIAS).
The Internal Audit function reports administratively to the SRB Chair and functionally to the Board in its Plenary Session.
The reserve list from this selection procedure remains valid until Friday, 31 December 2027.

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Brdr.Hkma Source document ↗

Hong Kong Brdr.Hkma Financial Crime ✓ 21 claims 22 Oct 2026

HKMA tells banks to harden account-opening controls against staff bribery

The Hong Kong Monetary Authority has written to all Authorized Institutions after recent cases in which criminal syndicates bribed bank staff to circumvent money-laundering controls during account opening. The 22 October 2026 circular reminds banks of the controls it expects and flags detailed industry guidance now in development with the Hong Kong Association of Banks and the ICAC.

Recent cases involved criminal syndicates bribing AI staff to bypass AML/CFT controls and open money mule accounts during account opening.
AIs should apply segregation of duties and the four-eyes principle, and distribute applications to checking staff on a rotating basis so one person does not handle multiple applications from the same customer or third party.
Third-party agents introducing or assisting clients must trigger enhanced controls including thorough due diligence, rigorous approval scrutiny and robust management oversight.
AIs should review account-opening controls for bribery vulnerabilities through a gap analysis, with clear senior-management responsibility assigned.
The Hong Kong Association of Banks, with HKMA and ICAC support, is developing detailed guidance on preventing staff bribery and corruption.

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Federal Register — Treasury Source document ↗

United States Federal Register — Treasury Governance & Accountability ✓ 14 claims 22 Oct 2026

IRS finalizes rule on stock basis timing for consolidated group transfers

Treasury and the IRS have finalized a narrow but technical fix to the consolidated return regulations governing intragroup section 351 exchanges. The rule resolves a basis-reduction timing question that has been open since 2001 and affects how large corporate groups compute stock basis after an internal asset transfer involving assumed liabilities.

The final rule revises 26 CFR 1.1502-80(d)(1) and adds paragraphs (d)(3) and (d)(4), effective October 16, 2026.
It applies to consolidated return years for which the return due date, without extensions, falls after October 16, 2026.
No comments were received on the December 30, 2024 proposed regulations (REG-134420-10), and no public hearing was held or requested.
The final rule removes an example from the 2024 proposal that Treasury and the IRS said was no longer relevant following amendments to section 357(c)(1)(B) by the American Jobs Creation Act of 2004.
The Office of Information and Regulatory Affairs designated the rule as not a major rule under the Congressional Review Act, and it was exempted from Executive Order 12866 review under a July 4, 2025 Treasury-OMB memorandum of agreement.

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Federal Register — SEC Source document ↗

United States Federal Register — SEC Markets & Infrastructure ✓ 25 claims 22 Oct 2026

Nasdaq GEMX to end cross-market risk protections shared with ISE

A routine but operationally relevant exchange rule filing: Nasdaq GEMX is removing the option for firms to link two risk-management tools, the Market-Wide Speed Bump and the Kill Switch, across GEMX and its affiliate ISE. Firms trading on both venues will need to reconfigure risk parameters separately for each exchange.

GEMX proposes to delete cross-market election language in Options 3, Section 15(a)(3)(B)(vii) for the Market-Wide Speed Bump and Section 17 for the Kill Switch.
The change removes the ability of Market Makers and Members to apply these risk protections jointly across GEMX and affiliate Nasdaq ISE, LLC.
Of Nasdaq's five affiliated options exchanges, only GEMX and ISE currently offer cross-market MWSB and Kill Switch functionality; MRX, Phlx, NTX Options and NOM operate on a per-exchange basis only.
Nasdaq ISE has filed a companion rule change to make conforming amendments on its own exchange.
The Exchange will implement the change on or before Q2 2027, announced via an Options Trader Alert, with comments due November 6, 2026.

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CSSF Luxembourg Source document ↗

CSSF Luxembourg Financial Crime ✓ 14 claims 22 Oct 2026

CSSF warns of fraudsters impersonating Luxembourg firm Fortuna Holding

The CSSF has published a warning that unknown persons are impersonating the Luxembourg company Fortuna Holding S.a r.l. and conducting fraudulent activity in its name. The notice sets out the specific website, email domain and phone number being used by the impersonators, and confirms the genuine company is unconnected to the activity.

The CSSF warns that unknown persons are impersonating Fortuna Holding S.a r.l., which it classifies as identity theft and illicit activities.
The impersonators use the website www.fortunaholding.net, email addresses on the fortunaholding.biz domain, and the phone number +44 7441476008.
The CSSF confirms the genuine company at 5, Rue Charles Darwin, L-1433 Luxembourg is not related to the activities described.
The warning was published on 22 October 2026.

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Federal Register — SEC Source document ↗

United States Federal Register — SEC Markets & Infrastructure ✓ 13 claims 22 Oct 2026

NYSE clarifies ETP opening rule for initial listing trading halts

A narrow NYSE rule filing clarifies how newly listed exchange-traded products open trading after an Initial Listing Regulatory Halt. The change took effect immediately under SEC fast-track procedures. Listings and market structure counsel should note the file number and comment deadline even though the exchange itself frames the amendment as non-substantive.

NYSE filed the proposed rule change, SR-NYSE-2026-48, with the SEC on October 1, 2026.
The amendment adds language to Rule 7.18(b)(5)(B)(v) specifying that eligible ETPs open after 9:30 a.m. ET with an IPO Auction under Rule 7.35(a)(1)(D).
NYSE states the change is non-substantive because Rule 7.35(a)(1)(D) already mandates this outcome.
The rule became effective immediately under Section 19(b)(3)(A)(iii) of the Exchange Act and Rule 19b-4(f)(6), though the SEC may summarily suspend it within 60 days of filing.
The SEC is accepting public comment on the filing, under file number SR-NYSE-2026-48, through November 6, 2026.

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DOJ Criminal Division Source document ↗

United States DOJ Criminal Division Conduct & Consumer ✓ 16 claims 22 Oct 2026

Somerset Lifesciences to pay $4M over mislabeled generic eyedrop Medicare claims

A DOJ Civil Division settlement resolving allegations that a generic drug maker caused Medicare Part D to pay for a drug no longer eligible for coverage. Relevant to compliance and legal teams at pharmaceutical manufacturers responsible for label changes tied to brand-drug switching events, and to healthcare payors monitoring FCA-adjacent enforcement trends.

Somerset Lifesciences Inc. agreed to pay $4 million to resolve the allegations.
The FDA approved OTC sale of the brand-name equivalent, Pataday, in February 2020.
Generic drug labels must mirror their brand-name counterpart's label, meaning Somerset was required to switch Olopatadine from Rx-only to OTC at that time.
Somerset continued to label and sell Olopatadine as prescription-only, causing Medicare to pay claims for a drug no longer eligible for coverage.
The matter is handled by Fraud Section Trial Attorney Vince Vaccarella, and the settlement resolves allegations only, with no determination of liability except for admissions in the agreement.

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Federal Register — SEC Source document ↗

United States Federal Register — SEC Prudential & Capital ✓ 19 claims 22 Oct 2026

SEC approves CMESC rule change making its liquidity facility agreement automatic

The SEC has approved a proposed rule change by CME Securities Clearing Inc. (CMESC) reworking the mechanics of its Capped Liquidity Facility, the tool it uses to meet intraday and multiday settlement obligations under Rule 17ad-22(e)(7). Clearing members and their compliance teams should understand how the facility's contractual basis and calculation methodology are changing, even though CMESC says the underlying sizing methodology is unchanged.

CMESC's proposed rule change SR-CMESC-2026-008 was filed August 21, 2026, published for comment September 3, 2026, and approved by the SEC on October 13, 2026.
Each Member will become party to a CLF Master Repurchase Agreement automatically by operation of Rule 410(a), eliminating the requirement to separately execute the agreement.
The CLF MRA will incorporate the SIFMA Master Repurchase Agreement (September 1996 version), excluding its annexes, and the CLF MRA will govern in the event of any inconsistency.
New Members must provide CMESC with projected volumes and sizes of Eligible Securities Transactions to support calculation of their Allocated CLF Amount during an initial ramp-up phase.
CMESC states the amendments do not change the existing methodology or formulae used to size the CLF or calculate each Member's Allocated CLF Amount.

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Federal Register — SEC Source document ↗

United States Federal Register — SEC Markets & Infrastructure ✓ 18 claims 22 Oct 2026

LTSE adds market maker rebates of up to $1,250 a month per security

LTSE has filed a fee schedule change creating a Market Maker Incentive Program, paying registered market makers for quoting at the NBBO in eligible securities. The filing took effect immediately and is open for public comment through November 6, 2026.

The proposed rule change took effect upon filing with the Commission on September 30, 2026, under Section 19(b)(3)(A)(ii).
Market makers quoting at the NBBO at least 70% of the time in Dually-Listed Securities earn $1,250 monthly, compared with $850 (50-70%) or $1,000 (70%+) for Non-LTSE Listed Securities.
The Monthly Incentive Cap limits incentives for Non-LTSE Listed Securities to no more than 20 for every one Dually-Listed Security in which a market maker is registered.
LTSE states it currently holds less than 1% market share of executed equities trading volume.
Comments on the filing, numbered SR-LTSE-2026-22, are due on or before November 6, 2026.

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European Data Protection Board Source document ↗

Norway European Data Protection Board Governance & Accountability ✓ 16 claims 22 Oct 2026

Norway fines Xandr €8.6m over Grindr real-time bidding data

The Norwegian Data Protection Authority has fined Xandr Inc., now part of Microsoft, EUR 8,600,000 for processing Grindr users' data without a lawful basis. The case, dating to a 2020 complaint by the Norwegian Consumer Council, turns on real-time bidding and joint controller consent obligations under the GDPR.

The Norwegian DPA imposed an administrative fine of EUR 8,600,000 on Xandr Inc. on 2 October 2026.
The case stems from a 2020 complaint by the Norwegian Consumer Council concerning real-time bidding in the Grindr app.
Xandr was found to have processed advertising IDs, IP addresses and the fact of Grindr use, which the DPA classifies as data concerning sexual orientation under Article 9(1) GDPR.
The DPA found Xandr's reliance on Grindr's consent invalid under Articles 4(11) and 7 GDPR, and held that accountability cannot be outsourced between joint controllers.
The DPA found the infringements of Article 6(1) and Article 9(1) GDPR to be at least negligent and of high seriousness.

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FCA Publications Source document ↗

United Kingdom FCA Publications Conduct & Consumer ✓ 12 claims 22 Oct 2026

FCA sets 2027 timetable for retail investment rule changes

The FCA has published feedback to DP25/3, its discussion paper on expanding consumer access to investments, and set out the next phase of work. This matters to platforms, advisers and product providers because it signals which reforms are prioritised and on what timetable, ahead of formal rule changes.

The discussion paper DP25/3 was open for feedback from 8 December 2025 to 6 March 2026, with the feedback statement published 16 October 2026.
The FCA will review financial promotion rules for high-risk investments to check whether products with similar risks are treated consistently.
The FCA plans to consult in early 2027 on changes to rules and guidance on risk information for mainstream investments.
A review of the appropriateness assessment, including the impact of the current model and alternatives, will involve stakeholder engagement in 2027.
A multi-firm review of model portfolio services has begun, with findings expected by the first quarter of 2027.

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International Criminal Court Source document ↗

Global International Criminal Court Governance & Accountability ✓ 11 claims 22 Oct 2026

ICC judges amend Code of Judicial Ethics on social media and enforceability

The International Criminal Court has amended its Code of Judicial Ethics, binding on sitting judges, to address social media conduct and to clarify that the code's standards are enforceable. The change took effect immediately on publication. This briefing sets out what the two amended articles now say and what it means for how judicial conduct is assessed.

The revised Code of Judicial Ethics entered into force on 16 October 2026, upon publication on the ICC website.
Judges agreed the amendments at a Judges' Retreat held on 29 September 2026, under regulation 126 of the Regulations of the Court.
A new sub-paragraph 3 to article 10 requires judges to exercise caution when using social media and other information technologies.
Article 12 now expressly states that the code's ethical standards are binding and that non-compliance may amount to misconduct.

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CISA Advisories Source document ↗

United States CISA Advisories AI, Technology & Data ✓ 21 claims 22 Oct 2026

CISA urges patching critical BeyondTrust Remote Support flaw under active attack

CISA has flagged a critical authentication bypass vulnerability in BeyondTrust Remote Support that threat actors are actively exploiting for initial access, persistence and lateral movement. This briefing covers which versions are affected, what patch to apply, and the forensic steps CISA recommends for organizations that suspect compromise.

CVE-2026-102764 affects BeyondTrust Remote Support versions 26.2.3 and earlier and was added to CISA's KEV catalog on October 16, 2026.
Patches are available for supported versions 24.3.1 and later via the BT26-05-RS patch; older self-hosted versions require upgrading first.
BeyondTrust-hosted SaaS Remote Support deployments have already been patched by the vendor.
CISA recommends organizations conduct network and memory forensics and, if compromise is suspected, isolate appliances and forward syslog and session events to the SIEM.
Organizations should rebuild from a known-good state, apply the patch, rotate every credential the appliance stored or injected, and revoke active support sessions.

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SEC Speeches and Statements Source document ↗

United States SEC Speeches and Statements Governance & Accountability ✓ 14 claims 22 Oct 2026

SEC investment management chief outlines retail alternatives agenda at Stanford

A senior SEC official sets out, in his own words, how the Division of Investment Management intends to expand retail access to alternative assets. The speech matters because it previews a policy agenda built on recent no-action letters, exemptive orders and pending rule proposals rather than a single new rule, giving compliance teams an early map of where the Division is headed.

Daly said the Commission's 'Responsible Retailization' initiative rests on three components: access, transparency and incentives.
The speech references Executive Order 14330, directing that 401(k) retirement account participants have more private market investment options, signed Aug. 7, 2025.
Daly cited Division staff actions over the past year and a half covering fund seeding, co-investment, multiple share classes, and scheduling and sizing of redemptions, including specific no-action letters and exemptive orders listed in the footnotes.
A proposed rule on interval fund modernization and multiple share classes for closed-end funds and BDCs was issued Sept. 30, 2026, per Release No. 33-11444.
A separate proposed rule, Investment Adviser Performance-Based Compensation Modernization, was issued the same day, per Release Nos. 33-11443 and IA-7022, to expand advisers' ability to charge performance fees to a wider client base.

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Federal Register — SEC Source document ↗

United States Federal Register — SEC Markets & Infrastructure ✓ 23 claims 22 Oct 2026

24X National Exchange widens warrant equity program and drops market share hurdle

24X National Exchange has amended the warrant performance incentive program that lets trading Members earn units in its parent, 24X US Holdings LLC. The filing adds a second equity tranche, extends the program into 2028, cuts the entry fee for maker-only participants, scraps the exchange market share vesting condition and excludes index rebalance dates from volume targets. It took effect on October 1, 2026.

The additional equity tranche consists of 2,759,103 Non-Voting Common Units, representing 22.25% of outstanding total units on a fully diluted basis of 24X US Holdco as of September 29, 2025.
New Participants may prepay $250,000 in Exchange fees for additional equity only, calculated on maker volume, or $500,000 for both original and additional equity.
24X eliminates the 24X Minimum Overall Market Share threshold as a warrant vesting condition for both original and additional equity.
The Exchange excludes 18 specified index rebalance and reconstitution dates tied to MSCI, Russell and S&P from Target Volume calculations.
The change took effect October 1, 2026 under Section 19(b)(3)(A); comments are due by November 9, 2026.

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ISDA Source document ↗

United Kingdom ISDA Markets & Infrastructure ✓ 21 claims 22 Oct 2026

ISDA tells FCA to consult again on three-year back-reporting window

ISDA has responded to FCA consultation CP26/30 on equity market structure and transparency, addressing two questions that reach beyond cash equities: whether equity swaps should fall within public transparency, and a proposed three-year window for back-reporting of incorrect and failed post-trade transparency reports. The response signals where the derivatives industry will push back as the FCA reshapes the UK transparency regime.

ISDA responded on October 16 to FCA consultation CP26/30, which is principally focused on cash equity market structure and transparency.
On expanding transparency to equity swaps, ISDA expanded on its previous opposition set out in its response to the discussion paper within CP25/20.
ISDA argued the FCA should consult further on the proposed three-year back-reporting window for incorrect and failed post-trade transparency reports.
ISDA framed the back-reporting question as a balance between market access to transaction information and proportionate regulatory costs for firms.

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Federal Register — State Department Source document ↗

United States Federal Register — State Department Governance & Accountability ✓ 10 claims 22 Oct 2026

State Department grants cultural significance status to Italian exhibition objects

A routine Federal Register notice records the State Department's determination that imported exhibition objects are culturally significant and their display is in the national interest, a procedural step required before foreign-owned artworks can be shown in the United States under long-standing immunity protections.

The determination covers objects imported for the exhibition 'Two Minds, One Vision' at the Embassy of Italy in Washington, District of Columbia and the Italian Cultural Institute in New York, New York.
Additional exhibition venues may be determined at a later date, according to the notice.
The authority for the determination derives from the Act of October 19, 1965 (79 Stat. 985; 22 U.S.C. 2459), Executive Order 12047, and three named delegations of authority.
The notice was signed by Sherry C. Keneson-Hall, Principal Deputy Assistant Secretary for Educational and Cultural Affairs, Bureau of Educational and Cultural Affairs.

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Federal Register — Federal Reserve Source document ↗

United States Federal Register — Federal Reserve Governance & Accountability ✓ 15 claims 22 Oct 2026

Fed opens comment period on two bank control change notices

A routine Federal Register notice discloses two pending Change in Bank Control Act applications before Federal Reserve Banks in Atlanta and Minneapolis. It sets out who is applying, which institutions are affected, and the public comment deadline for interested parties to weigh in.

The Charles Clifford Brooks, Jr. Living Trust and related individuals seek to join the Brooks Family Control Group to retain voting shares of TCB Bancshares, Inc. and The Commercial Bank, both of Crawford, Georgia.
The Jerome and Barbara Lifetime Bank Stock Revocable Trust and related individuals seek to join the Bushman Family Group to retain voting shares of First Southeastern Banc Group, Inc. and First Southeast Bank, both of Harmony, Minnesota.
Comments on both applications must be received by the designated Federal Reserve Bank or the Board's Secretary, Benjamin W. McDonough, no later than November 6, 2026.
The applications are filed under the Change in Bank Control Act, 12 U.S.C. 1817(j), and 12 CFR 225.41, with review standards set out in paragraph 7 of the Act.

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Federal Register — SEC Source document ↗

United States Federal Register — SEC Governance & Accountability ✓ 12 claims 22 Oct 2026

SEC moves to cancel registrations of 20 dormant transfer agents

A routine but consequential SEC notice lists 20 registered transfer agents the Commission believes are defunct or have exited the business. Firms that rely on transfer agent registries, or that hold legacy relationships with any named entity, should check this list and understand the narrow window to object before cancellation proceeds.

The SEC intends to cancel registrations of 20 transfer agents listed in the Appendix under Section 17A(c)(4)(B) of the Securities Exchange Act of 1934.
The Commission believes each listed transfer agent is no longer in existence or has ceased doing business as a transfer agent.
Representatives who dispute cancellation must email tradingandmarkets@sec.gov with the specified subject line within 30 days after the notice date.
Absent a successful objection, the Commission intends to issue the cancellation order at any time after December 1, 2026.
Named firms include Atlas Resources LLC, Boston Financial Group Ltd Partnership, Gemisys Transfer Agents, Redblock Inc, and Vail Stock Transfer.

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Federal Register — Treasury Source document ↗

United States Federal Register — Treasury Governance & Accountability ✓ 15 claims 22 Oct 2026

Treasury seeks comment on AI-assisted Fraud.gov tip intake form

Treasury has published a Paperwork Reduction Act notice renewing the information collection behind Fraud.gov, a government-wide tip intake and referral portal. The notice discloses that an AI tool drafts initial field entries and routing suggestions from public submissions, a detail compliance and government affairs teams tracking federal fraud referral channels will want to note.

Comments on the collection are due by December 21, 2026, sent to the Treasury PRA Clearance Officer or PRA@treasury.gov.
Treasury estimates 80,000 respondents annually, each submitting once, for an estimated total annual burden of 40,000 hours.
An artificial intelligence tool processes initial tip entries, populates standardized fields and generates routing recommendations before human review.
The collection supports Executive Order 14249, 'Protecting America's Bank Account Against Fraud, Waste, and Abuse,' and Executive Order 14395 establishing the Task Force to Eliminate Fraud.
This is an extension without change of a currently approved collection under OMB Control Number 1505-0284.

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American Bankers Association — newsroom Source document ↗

United States American Bankers Association — newsroom Markets & Infrastructure ✓ 10 claims 22 Oct 2026

Household net worth rose nearly $13 trillion in Q2 2026, ABA data shows

A brief ABA DataBank item tracks household net worth through the second quarter of 2026, finding equity gains behind a sharp rise. The item is short but relevant for compliance and risk teams tracking consumer spending resilience amid labor market and price pressures.

Household net worth rose by nearly $13 trillion between the first and second quarter of 2026.
The increase was driven overwhelmingly by gains in stock prices, according to the ABA DataBank.
The ABA notes labor market momentum is slowing while households face continued price pressures.
The ABA flags that growing equity exposure in household wealth leaves consumers more vulnerable to a market downturn.

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American Bankers Association — newsroom Source document ↗

United States American Bankers Association — newsroom Conduct & Consumer ✓ 10 claims 22 Oct 2026

Forbright Bank survey finds millennials most likely to save regularly for emergencies

Forbright Bank's second annual savings survey breaks down how different generations build financial wellness, covering saving habits, comfort discussing money, and use of digital tools like autopay. The findings matter for banks designing financial wellness programs and products aimed at specific age cohorts.

Forbright Bank's second annual savings survey polled more than 3,200 people.
71% of millennials said they regularly contribute to an emergency fund, the highest share of any generation surveyed.
72% of Gen Z respondents reported being comfortable talking about money, versus 56% of millennials, 47% of Gen Xers and 31% of baby boomers.
Only 28% of Forbright Bank customers and 20% of general consumers said they feel comfortable talking with their children about finances.
66% of Forbright Bank customers reported autopaying bills to avoid late fees, the top-ranked money-saving action in the survey.

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BIS Press Releases Source document ↗

United States BIS Press Releases Prudential & Capital ✓ 13 claims 22 Oct 2026

Fed's Bowman says BCBS and FSB echoed flawed reports on SVB failure

Fed Vice Chair for Supervision Michelle Bowman uses a Bangkok speech to detail findings from an independent review of Silicon Valley Bank's 2023 collapse, arguing supervisory failures stemmed from unclear accountability rather than social media or regulatory tailoring, and criticising the BCBS and FSB for relying on earlier, incomplete reports.

The independent review found supervisors knew about SVB's exposure to interest rate and liquidity risk at least nine months before the FDIC took the bank into receivership.
SVB had 54 matters requiring attention or immediate attention between 2019 and its failure, and none required the bank to address its core financial risks.
The review found the BCBS and FSB took language nearly verbatim from earlier US reports that were not based on complete or accurate information.
The Fed is considering changes including clearer decision rights for examiners, direct escalation channels to senior supervision leadership, and more direct allocation of authority between the Board and Reserve Bank staff.
The Board published a Statement of Supervisory Operating Principles in fall 2025 and has since refined it to incorporate lessons from the independent review.

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Federal Register — SEC Source document ↗

United States Federal Register — SEC Markets & Infrastructure ✓ 17 claims 22 Oct 2026

Nasdaq cuts options market maker rebates by one cent across all six tiers

Nasdaq filed a rule change with the SEC trimming the rebates it pays NOM Market Makers for adding liquidity in Penny Symbols on its options market. The filing took effect immediately under the Exchange Act, though the SEC is still soliciting comment. Pricing teams at options market making firms should check whether the new tier payouts change their routing economics.

Nasdaq lowered NOM Market Maker rebates for adding liquidity in Penny Symbols by $0.01 per contract across all six tiers, effective October 1, 2026.
The revised rebate schedule ranges from ($0.19) at Tier 1 to ($0.44) at Tier 6, down from the prior ($0.20) to ($0.45) range.
Rebates for Customers, Professionals, Broker-Dealers, Firms and Non-NOM Market Makers remain unchanged, and tier qualifying criteria are not modified.
The rule change took effect immediately under Section 19(b)(3)(A)(ii) of the Securities Exchange Act, but the SEC may summarily suspend it within 60 days of filing.
Written comments on file number SR-NASDAQ-2026-087 must be submitted to the SEC on or before November 9, 2026.

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Federal Register — SEC Source document ↗

United States Federal Register — SEC Markets & Infrastructure ✓ 15 claims 22 Oct 2026

Nasdaq PHLX raises entry-tier floor broker rebates, effective immediately

A fee-schedule filing from Nasdaq PHLX LLC, effective on filing under Section 19(b)(3)(A)(ii), raises the entry-level rebates paid to Floor Brokers under its Floor Broker Incentive Program and corrects a stale example left over from an earlier amendment. The SEC is soliciting comments through November 9, 2026, though the change is already in force.

Tier 1 per-contract rebate with a Customer on one side rises from $0.04 to $0.07, matching the existing Tier 2 rate.
Tier 1 per-contract rebate with Non-Customers on both sides rises from $0.10 to $0.18, matching Tier 2 and Tier 3 rates.
Example 4 is corrected to reflect the Tier 4 Non-Customer rebate of $0.20 per contract, fixing an oversight from a prior filing.
The rule change became effective on filing under Section 19(b)(3)(A)(ii) of the Exchange Act, with no written comments solicited or received.
The SEC is accepting public comment on file number SR-PHLX-2026-61 through November 9, 2026, and retains a 60-day suspension power.

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Federal Register — SEC Source document ↗

United States Federal Register — SEC Markets & Infrastructure ✓ 20 claims 21 Oct 2026

BOX doubles floor market maker fee to $1.00 in non-penny options classes

BOX Exchange has raised the per-contract fee it charges floor market makers for manual open-outcry orders in non-penny classes and sweetened a rebate for floor brokers. The change took effect on filing under the immediate-effectiveness route for fee changes. This item sets out exactly what moved, who pays, and the window the SEC has to intervene.

The Market Maker per-contract fee for QOO and FOO orders in Non-Penny Interval classes rises from $0.50 to $1.00, while fees for other account types are unchanged.
The enhanced Floor Broker rebate for QOO and FOO orders that trade with a Floor Market Maker in Non-Penny Interval classes rises from $0.20 to $0.25 per contract.
The filing is effective on filing under Section 19(b)(3)(A)(ii) and Rule 19b-4(f)(2), and became operative on October 1, 2026.
BOX cites comparable floor market maker fees of $1.00 at PHLX, $0.90 at NYSE American and NYSE Arca, and $0.94 at MIAX Sapphire.
The SEC may summarily suspend the change within 60 days of filing; written comments are due by November 9, 2026 under file number SR-BOX-2026-20.

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DOJ Criminal Division Source document ↗

United States DOJ Criminal Division Financial Crime ✓ 15 claims 21 Oct 2026

Las Vegas tax preparer sentenced to 38 months over $5m refund fraud scheme

A DOJ sentencing release details a multi-year tax refund fraud scheme run through a family-owned Las Vegas tax preparation business. The case shows how false credits and borrowed preparer identifiers were used to inflate client refunds, with proceeds diverted to the preparers themselves, offering a compliance reference point on preparer-level fraud controls.

Ivan Odiaga was sentenced to 38 months in prison for conspiring to defraud the United States.
From 2017 through 2021, Odiaga and his mother, Iris Hondermann, prepared tax returns seeking more than $5 million in refunds clients were not entitled to receive.
The pair diverted more than $1.1 million in fraudulent refunds to bank accounts one or both of them controlled.
In 2020 and 2021, Odiaga prepared some returns using another tax preparer's PTIN without permission.
Hondermann pleaded guilty on Aug. 5 to one count of conspiring to defraud the United States.

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