In briefCFTC and Kansas State University co-host AgCon 2026 agricultural futures conference in Kansas
SummaryThe CFTC and Kansas State University's Risk Management Center co-hosted the two-day 2026 Agricultural Commodity Futures Conference (AgCon) in Overland Park, Kansas. Panels covered the agricultural economy, derivatives market developments, farm credit, and risk management tools for producers. Topics included perpetual futures, 24/7 trading, and tokenized collateral. CFTC Chairman Michael S. Selig attended and delivered the closing remarks.
In briefCFTC Sues Utah to Stop State Enforcement Against Regulated Markets
SummaryThe Commodity Futures Trading Commission (CFTC) has sued Utah to block the state from using state laws to shut down CFTC-registered contract markets. Utah had earlier filed civil enforcement actions in state court against CFTC-regulated markets and other businesses. The CFTC says Congress gave it exclusive federal jurisdiction over commodity derivatives, including event contracts, and that it has also started legal proceedings against nine other states.
In briefCFTC to Publish Commitments of Traders Report Twice Weekly
SummaryThe U.S. Commodity Futures Trading Commission (CFTC) plans to increase publication of its Commitments of Traders (COT) Report from once to twice a week by the end of 2026. Monday data will be released Wednesday and Wednesday data Friday, both at 3:30 p.m. ET, cutting reporting latency from three days to two. The change follows a Request for Comment and aims to give agricultural market participants more timely trading position information.
In briefSEC order granting Cboe Clear U.S. temporary registration as a clearing agency for binary options
SummaryThe SEC has issued an order granting Cboe Clear U.S., LLC (CCUS) temporary registration as a clearing agency under Section 17A of the Exchange Act. CCUS seeks to provide central counterparty services for binary options that are securities, and filed its application on June 30, 2026, amending it on October 1, 2026. The Commission will consider comments on that amendment before acting on permanent registration.
In briefQuarterly notice listing HUD regulatory waivers granted in early 2026
SummaryThis Federal Register notice from the U.S. Department of Housing and Urban Development lists regulatory waivers HUD approved from January 1 to March 31, 2026, as required by section 106 of the HUD Reform Act of 1989. It explains the legal requirements for waivers, such as written grounds and approval by Assistant Secretary-level officials. The provided text covers only the introductory portion, not the individual waivers.
In briefNotice establishing the Advisory Council on Health and Human Performance Optimization
SummaryThe Department of Defense (referred to as the Department of War) announced in the Federal Register that it is establishing the Advisory Council on Health and Human Performance Optimization as a discretionary federal advisory committee. The notice estimates annual operating costs of $1,368,170, caps membership at 20, and lists the expertise areas from which members will be drawn.
In briefCFTC and NBA Sign MOU to Protect Basketball Integrity in Prediction Markets
SummaryThe Commodity Futures Trading Commission and the National Basketball Association signed a Memorandum of Understanding to protect the integrity of professional basketball in prediction markets. Under the MOU, the two parties will share information by regularly communicating about integrity matters and maintaining fair and transparent prediction markets. CFTC Chairman Michael S. Selig said the agreement continues the Commission's commitment to expanding data sharing with professional sports leagues.
In briefFee schedule amendment updating the definition of “trading platform” (Cboe EDGX, SR-CboeEDGX-2026-072)
SummaryThe SEC published a notice of a proposed rule change filed by Cboe EDGX Exchange to amend its fee schedule and update the definition of “trading platform.” The filing was made on October 19, 2026, and is effective upon filing under Rule 19b-4(f)(2). The notice invites public comments, to be submitted on or before November 16, 2026.
In briefCboe BZX proposes updating its fee schedule definition of Trading Platform
SummaryCboe BZX Exchange filed a rule change with the SEC to amend the definition of "Trading Platform" in its fee schedule. The proposal adds a functional, use-based category covering any system through which orders of persons other than the operator are systematically executed electronically. Non-exhaustive examples include a broker crossing system not filed as an ATS, a systematic internalization system, and a decentralized blockchain-based or tokenized environment.
In briefCboe EDGA Exchange proposes fee schedule change to update the definition of “Trading Platform” (SEC rule change notice)
SummaryThe U.S. Securities and Exchange Commission published a notice of a proposed rule change filed by Cboe EDGA Exchange, Inc. The proposal would amend the exchange's fee schedule to update the definition of “Trading Platform.” It was filed on October 19, 2026, and the SEC is soliciting comments from interested persons. The excerpt provided is incomplete, so specific changes should be checked in the full text’s exhibits.
In briefCboe BYX Exchange proposes updating its fee schedule definition of “Trading Platform” (immediately effective)
SummaryCboe BYX Exchange filed a proposed rule change with the Securities and Exchange Commission to update the definition of “Trading Platform” in its fee schedule. The exchange states the change removes duplicative procedural obligations as a UTP trading venue, since the primary listing exchange’s information circular already provides members the same disclosures. The Commission waived the 30-day operative delay, so the change became operative upon filing, and public comments are invited through November 16, 2026.
In briefOutbound Investment Security Program Regulations (proposed rule)
SummaryThe Treasury Department proposes regulations to implement Subtitle C of the Comprehensive Outbound Investment National Security Act, codified in Title VIII of the Defense Production Act. The rule would require U.S. persons to notify Treasury of certain transactions with foreign persons engaged in notifiable technologies, and prohibit certain other transactions with foreign persons engaged in prohibited technologies. It also adds applicability dates so the regulations continue to cover activities within the relevant timeframe. Comments are due December 7, 2026.
In briefSEC Releases Fiscal Year 2027 Examination Priorities
SummaryThe SEC announced the Division of Examinations' priorities for fiscal year 2027. The report highlights areas such as investment adviser fiduciary duties, retail investor protection, private funds and private credit, broker-dealer obligations, cybersecurity, and emerging technologies. The priorities are not exhaustive, and the Division may adjust its focus during the year.
In briefIRS reminder to plan taxes year-round to make filing easier
SummaryThe IRS encourages taxpayers to take simple steps now, such as checking withholding, organizing records, using IRS online tools, and protecting personal information, to prepare for the 2027 filing season. The attached Publication 5349-A, Year-Round Tax Planning is for Everyone, offers practical tips and IRS resources.
In briefOCC proposes new information collection for applications to issue payment stablecoins under the GENIUS Act
SummaryThe Office of the Comptroller of the Currency (OCC) has proposed a new information collection for entities seeking to issue payment stablecoins in the United States under the GENIUS Act and has submitted it to OMB for review. The notice invites public comment on the collection's necessity, burden estimates, ways to improve clarity and reduce burden, and startup costs. Comments are due by November 23, 2026.
In briefProposed rule on security measures for SNAP electronic benefits transfer cards
SummaryThe USDA's Food and Nutrition Administration proposes changes to SNAP regulations to modernize Electronic Benefit Transfer technology and align it with consumer payment industry standards. The proposal aims to protect SNAP benefits from theft while keeping them accessible to approved households. Written comments are due by December 22, 2026.
In briefPublicis and LiveRamp: Proposed Consent Order Analysis for Public Comment
SummaryThe Federal Trade Commission published a proposed consent agreement with Publicis and LiveRamp, along with an analysis explaining its terms and the complaint's allegations. The agreement settles alleged violations of federal law prohibiting unfair methods of competition. Public comments are due by November 23, 2026.
In briefProposed reporting forms for OCC-supervised permitted payment stablecoin issuers (public comment)
SummaryThe Office of the Comptroller of the Currency (OCC) has published a notice proposing a new information collection, titled "Reporting Forms and Instructions for Permitted Payment Stablecoin Issuers Subject to the Jurisdiction of the Office of the Comptroller of the Currency." It would include weekly and quarterly reporting forms for permitted and foreign payment stablecoin issuers. The OCC is seeking a new OMB control number and has sent the collection to OMB for review; comments are due by November 23, 2026.
In briefUS Stablecoin Rules: OCC Regulations for Stablecoin Issuance by Supervised Entities
SummaryThe Office of the Comptroller of the Currency issued a final rule implementing the GENIUS Act for payment stablecoin issuance and related activities by entities under its jurisdiction. The rule takes effect January 18, 2027, and addresses about 328 comments received on the March 2026 proposal.
In briefTreasury Request for OMB Review of U.S. Information Return Forms and Related Guidance Collection
SummaryThe U.S. Department of the Treasury is submitting an information collection covering U.S. information returns, such as Forms 1099 and 1098, along with related forms, schedules, attachments, and published guidance, to the Office of Management and Budget for review. The notice explains how the Paperwork Reduction Act approval and burden estimates apply to this collection. The public may submit comments by November 23, 2026.
In briefIRS reminder: Take steps now to protect your tax information
SummaryThe IRS urges taxpayers to guard their online-account credentials and obtain an Identity Protection PIN (IP PIN) to help prevent tax-related identity theft. The IRS Individual Online Account holds sensitive data such as filed returns, refund status and tax records. An IP PIN is a six-digit number that blocks others from filing federal returns using a taxpayer's SSN or ITIN. Taxpayers planning to file early in 2027 should request one before the mid-November annual maintenance.
In briefTreasury and IRS update retirement plan correction program and create one for IRAs
SummaryThe Treasury and IRS issued two revenue procedures: Revenue Procedure 2026-34 updates the EPCRS correction program for employee retirement plans, effective immediately, and Revenue Procedure 2026-33 creates the IRA Compliance Resolution System, effective May 1, 2027. Both programs are open for public comment, and the IRS says the new system lets IRA custodians and owners correct certain service-provider errors.
In briefCboe EDGX proposal to amend Rules 19.3 and 19.4 for listing options on crypto commodity trusts and exchange-traded funds
SummaryThe SEC published a Cboe EDGX Exchange proposed rule change that would amend Rules 19.3 and 19.4. It would set generic listing and continued listing standards for options on shares of commodity-based trusts holding multiple crypto assets, and permit options on exchange-traded funds as defined under Rule 6c-11. Public comments are invited until November 12, 2026.
In briefCFTC Obtains Court Order Requiring Louisiana Man and Companies to Pay Over $9 Million in Forex Fraud
SummaryThe Commodity Futures Trading Commission announced that the U.S. District Court for the Eastern District of Louisiana entered a default judgment against Michael B. DePetrillo, Meteor LLC, and NOLA FX Capital Management LLC. The court found they fraudulently solicited and misappropriated over $3 million from participants in a retail forex scheme. The order requires a $9,211,492 civil penalty, permanently enjoins further Commodity Exchange Act violations, and imposes permanent trading and registration bans.
In briefIRS Temporary Relief From Reporting and Recordkeeping for Certain Fuel Uses
SummaryThe IRS announced temporary administrative relief from reporting and recordkeeping requirements tied to taxes under Internal Revenue Code section 4041(a). The relief covers taxable uses of dyed diesel occurring from October 1, 2026 through before January 1, 2027. During this period, the IRS will not challenge or assert civil penalties solely for failures covered by the announcement. Obligations for other liabilities and separate claims are unaffected.
In briefState Justice Institute FY 2027 grant guideline notice
SummaryThe State Justice Institute published its grant guideline for fiscal year 2027, setting out administrative, programmatic and financial requirements for its grants. It covers eligibility for state and local courts and other organizations and lists quarterly application deadlines of November 1, February 1, May 1 and August 1.
In briefMember/Shareholder Notification of Share Insurance (Proposed Rule)
SummaryThe NCUA Board seeks public comment on a proposal to streamline how federally insured credit unions notify members of share insurance coverage. The current rule mandates certain hard-copy materials, while the proposal would let credit unions choose the notification method, including a link to updated online resources maintained on the NCUA website. Comments are due by December 21, 2026.
In briefCFTC Innovation Task Force Releases Agenda and Panelists for Inaugural Super Intelligence Forum
SummaryThe CFTC's Innovation Task Force released the agenda for its first Frontier Forum on Super Intelligence. Discussions will cover how super intelligence is being implemented at the frontier, its effects on U.S. markets, and the Commission's role in fostering responsible adoption while protecting market participants from emerging risks. The meeting will be streamed live on CFTC.gov.
In briefSEC and French AMF Sign Supervisory MOU to Boost Cooperation on Investment Advisers and Service Providers
SummaryThe U.S. SEC and France's Autorité des Marchés Financiers (AMF) have signed a Memorandum of Understanding to facilitate consultation and information-sharing in supervising certain investment advisers, investment companies, and investment service providers. The MOU sets out a framework for cooperation and information exchange for firms operating in the U.S. and France. It also facilitates SEC registration and supervision of AMF-supervised asset management companies seeking to act as investment advisers in the United States, and the SEC will process new and pending applications under this arrangement.
In briefUS SEC and Japan FSA Hold Autumn Financial Regulatory Dialogue
SummaryThe U.S. SEC and Japan's Financial Services Agency met in Tokyo on October 19, 2026, for their Autumn Financial Regulatory Dialogue, building on long-running cooperation. Participants discussed recent market developments, each authority's strategic priorities, and regulatory matters including private and public markets, asset management, and innovation. The next dialogue is scheduled for spring 2027 in Washington, D.C.
In briefSEC to Hold Roundtable on Machine-Readable Data and Super Intelligence
SummaryThe SEC announced it will host a roundtable on November 9, 2026, to discuss the use of machine-understandable data and Super Intelligence, along with related risks and costs. The event is open to the public at SEC headquarters and will be streamed live on SEC.gov.
In briefCFTC Secures Court Orders for Former Long Island Resident and Firm to Pay Over $288 Million in Commodity Pool Ponzi Scheme
SummaryThe CFTC announced that a federal court in the Southern District of New York ordered Eddy Alexandre and his company EminiFX Inc. to pay over $288 million, including $228,576,962 in restitution to defrauded investors, $15,049,500 in disgorgement of unlawful gains, and a $45,148,500 civil penalty. The order states EminiFX posed as an investment club promising weekly returns of 5% to 9.99% and was a Ponzi scheme. As of July 2026, over $98 million had been returned to more than 28,000 investors.
In briefFurther Definition of “Swap” Excluding Casino-Style Gambling Products
SummaryThe CFTC issued an interim final rule codifying its longstanding position that casino-style gambling products, including wagers on sportsbooks and casino games, are excluded from the definition of “swap.” The rule took effect October 19, 2026, and comments are due by November 18, 2026.
In briefFurther Definition of “Swap”—Inclusions (CFTC proposed rule on event contracts)
SummaryThe Commodity Futures Trading Commission (CFTC) proposes a rule to further define the term “swap” so that it explicitly includes event contracts. The excerpt provided is cut off partway through, so the specific provisions of the proposal are not shown.
In briefIRS announces 2026 Tax Professional Awareness Week with resources for the 2027 filing season
SummaryThe IRS announced Tax Professional Awareness Week, held the week of October 19, offering webinars, videos, guidance and tools. Resources aim to help tax professionals prepare for the 2027 filing season, support accurate returns and protect taxpayer information. An October 21 webinar on refundable credits is scheduled.
In briefIRS begins automatic refunds for individuals with prior-year Adoption Tax Credit carryforwards
SummaryThe IRS has started issuing refunds to more than 50,000 taxpayers who used Adoption Tax Credit carryforwards and expects most eligible refunds to be completed by year end. Following a Treasury clarification of the Working Families Tax Cuts, for tax year 2025 only, carryforwards from 2020 to 2024 can increase the refundable amount, subject to the $5,000 per qualifying child limit. Affected taxpayers do not need to file an amended return and will receive notices about their adjustments.
In briefCboe BZX proposes rule changes setting listing standards for options on crypto-holding commodity trusts and ETFs
SummaryThis Federal Register notice reports that Cboe BZX Exchange has filed a proposed rule change to amend Rules 19.3 and 19.4. The change would establish generic listing and continued listing standards for options on commodity-based trusts holding multiple crypto assets, and permit listing of options on exchange-traded funds. Written comments are invited and must be submitted by November 6, 2026.
In briefFederal Register notice listing Senior Executive Service Performance Review Board members at Treasury and IRS
SummaryThis October 16, 2026 Federal Register notice announces the members of Senior Executive Service Performance Review Boards at the Department of the Treasury and the Internal Revenue Service. The boards review senior executives' performance appraisals and recommend ratings, pay adjustments, and performance awards to the appointing authority. The notice also includes an OFAC action removing one individual from the Specially Designated Nationals and Blocked Persons List and unblocking his property.
In briefSEC Approves Cboe Proposal to List Binary Options on Issuer Key Performance Indicators
SummaryThe U.S. Securities and Exchange Commission published a notice and order concerning a rule change filed by Cboe Exchange, Inc. The amended proposal would allow the exchange to list binary options overlying key performance indicators reported by certain stock issuers, with payout being all-or-nothing at expiration. The Commission sought comment on Amendment No. 1 and approved the rule change, as modified, on an accelerated basis.
In briefProposed Amendments to Investment Company Cross Trading Rule
SummaryThe SEC proposes amending rule 17a-7 under the Investment Company Act, which permits certain cross trades between registered funds and affiliates subject to conditions. The amendments would expand eligible securities, modernize the rule's conditions, and enhance investor protection. The proposal also requires aggregated reporting of trading activity and cross trades on Form N-PORT and Form N-MFP. Comments are due December 14, 2026.
In briefSEC Advisory Committee to Discuss IPO Modernization and Crowdfunding Rules
SummaryThe SEC's Small Business Capital Formation Advisory Committee will meet on October 27, 2026, to continue discussing IPO modernization and possible changes to Regulation Crowdfunding. The morning session will address ways to encourage more companies to go public, while the afternoon session will review the current Reg CF framework, its successes and challenges. The meeting is open to the public and will be streamed live on SEC.gov.
In briefIRS offers dyed diesel excise tax relief following presidential executive order
SummaryThe IRS announced that, following a President's October 5, 2026 executive order, it will not penalize sales or use of dyed diesel fuel on highways nationwide. The relief runs from October 1 through December 31, 2026. During this period, ordinary collection and enforcement procedures are suspended, and no federal inspections of on-road dyed fuel use will occur. The relief applies only to federal tax and does not affect state fuel taxes.
In briefProposed rules tighten Premium Tax Credit eligibility to curb fraud and improper claims
SummaryThe Treasury Department and IRS proposed regulations implementing Working Families Tax Cuts reforms to the Premium Tax Credit, a refundable credit that helps eligible taxpayers afford Exchange health insurance. Beginning in 2027, eligibility would be restricted to U.S. citizens, U.S. nationals, and certain lawfully present noncitizens, with new verification criteria for advance payments.
In briefAdvance Notice on Regulation Crypto Asset Transactions and Regulation Crypto Asset Markets
SummaryThe U.S. Commodity Futures Trading Commission issued an advance notice of proposed rulemaking seeking public comment on its intent to develop rules implementing section 2(c)(2)(D) of the Commodity Exchange Act for crypto asset transactions and markets. Comments are due by December 14, 2026. The excerpt provided covers only the summary, dates, and addresses, so the specific proposed rule content is not described.
In briefCFTC seeks comment on proposal to define certain event contracts as swaps
SummaryThe U.S. Commodity Futures Trading Commission published a proposed rule that would expressly include event contracts, such as those based on sports, politics, culture, and weather, within the definition of “swap.” The proposal says these contracts are commonly known as swaps and aims to resolve any ambiguity. Written comments must be submitted via Regulations.gov within 30 days of Federal Register publication.
In briefCFTC issues interim final rule excluding certain gambling activity from the swap definition
SummaryThe Commodity Futures Trading Commission published an interim final rule codifying that casino-style gambling products, including sportsbook and casino game wagers, are excluded from the definition of "swap." The rule takes effect upon publication in the Federal Register. Written comments must be submitted via Regulations.gov within 30 days of that publication.
In briefSEC Proposes Expanding Securities Eligible for Cross Trading by Registered Funds
SummaryThe SEC proposed amendments to the Investment Company Act cross-trading rule (Rule 17a-7) that would let registered funds cross trade more securities with affiliates, including most fixed-income securities. The changes would also modernize the rule's conditions and require aggregated reporting of trading activity and cross trades on Forms N-PORT and N-MFP. Comments are due on or before December 14, 2026.
In briefPublic comment request on MCC program reporting and NCUA proposed Call Report revisions
SummaryThis notice seeks public comment on two proposed federal information collections. The first describes how the Millennium Challenge Corporation (MCC) gathers reporting and data to assess compact performance, publishing quarterly status summaries and Star Reports for completed compacts. The second proposes revising the National Credit Union Administration's Call Report (Form 5300) to collect data on credit unions' payment stablecoin activities, effective with the March 31, 2027 report date. Comments are due by December 8, 2026.
In briefUS Treasury Seeks Comment on Extending Digital Assets Criteria Form Collection
SummaryThe U.S. Treasury Department is requesting public comment on an extension without change of its Intake Form for Digital Assets Firms. The form collects information to verify whether applicants are eligible to receive Treasury's non-public cyber threat information. Written comments are due by December 8, 2026.
In briefIRS highlights partnership with UK tax authority's new whistleblower program
SummaryThe IRS highlighted its partnership with HMRC's Strengthened Reward Scheme, a whistleblower program launched in November 2025 that drew on IRS Whistleblower Office expertise. The program encourages reports of serious tax avoidance and evasion by the wealthiest individuals and largest businesses. Both agencies say the collaboration will help deter large-scale cross-border tax evasion.
In briefExchange rule change proposing listing and withdrawal standards for options on crypto-holding commodity trusts, and revised position and exercise limits for iShares Bitcoin Trust ETF options
SummaryThis is a Securities and Exchange Commission notice of a proposed rule change filed by Investors Exchange LLC (file number SR-IEX-2026-34), published October 7, 2026. According to the title, it would establish listing and withdrawal criteria for options on commodity-based trusts holding one or more crypto assets, and amend position and exercise limits for options on the iShares Bitcoin Trust ETF. The excerpt provided does not include the specific terms of these provisions.
In briefSEC seeks final judgment against former Western Asset co-CIO Ken Leech in cherry-picking case
SummaryThe SEC moved on October 6, 2026, for a consent-based final judgment against Stephen Kenneth Leech II, former co-CIO of Western Asset Management, over an alleged cherry-picking scheme. The SEC alleges that from January 2021 through October 2023 Leech allocated first-day gains to favored portfolios and first-day losses to disfavored ones. Without admitting the allegations, Leech consented to a judgment, subject to court approval, requiring a $3 million penalty, an officer-and-director bar, and a permanent injunction against antifraud violations.
In briefSEC Announces Virtual Compliance Seminar for Investment Companies and Advisers
SummaryThe SEC's Compliance Outreach Program will host a free virtual national seminar for investment companies and investment advisers on November 19, 2026. It aims to help chief compliance officers and senior staff strengthen compliance programs to protect investors. Panels cover information security, adviser and fund topics, compliance program effectiveness, and current issues. No advance registration is required, and the webcast link will be posted on SEC.gov that morning.
In briefSEC Order Approving OCC Rule Change on Allocating Clearing Fund Deposits Among Clearing Members
SummaryThe Securities and Exchange Commission issued an order setting aside a prior action taken by delegated authority and approving a proposed rule change by The Options Clearing Corporation (OCC). The change concerns how clearing fund deposit requirements are allocated among clearing members, aiming to better align the allocation with the clearing fund's size. The goal is to fairly allot stress-based risk to market participants that expose OCC to such risk. The document also describes the related comment and review procedures.
In briefWithdrawal of Proposed Special Measure on Crypto Mixing as a Money Laundering Concern
SummaryFinCEN is withdrawing its earlier finding and proposed rule under Section 311 of the USA PATRIOT Act. That proposal had treated international convertible virtual currency mixing as a class of transactions of primary money laundering concern and sought enhanced recordkeeping and reporting requirements. The original proposal was published at 88 FR 72701 on October 23, 2023, and the withdrawal takes effect October 6, 2026.
In briefProposed rule withdrawal on reporting, recordkeeping and identity verification for certain convertible virtual currency or digital asset transactions
SummaryFinCEN is withdrawing a 2020 proposed rule that would have required banks and money service businesses to report, keep records, and verify customer identities for transactions involving convertible virtual currency or digital assets held in unhosted wallets or wallets hosted in a FinCEN-identified jurisdiction. The agency states it will take no further action on this proposal.
In briefSEC Proposes Adviser and Regulated Fund Custody Rules and Crypto Custody Rules
SummaryThe Securities and Exchange Commission proposes new custody rules for regulated investment companies to hold crypto securities and similar investments, and amendments for registered investment advisers to custody client crypto funds and securities. The proposal also modernizes existing custody rules and related reporting and recordkeeping requirements. Comments are due by December 7, 2026.
In briefCFTC Issues No-Action Letter Allowing Perpetual-Style Index Futures to Become True Perpetuals
SummaryThe CFTC's Division of Market Oversight has issued no-action relief letting designated contract markets convert existing perpetual-style broad-based security index futures into true perpetual futures. Conversion takes effect once customer protection and procedural conditions are met, including soliciting feedback from open-position holders, giving advance notice and an exit opportunity, providing risk disclosures, and leaving other material terms unchanged. The no-action positions expire on October 20, 2026.
In briefCFTC Seeks Comment on Proposed Rules for Crypto Asset Transactions and Markets
SummaryThe U.S. Commodity Futures Trading Commission published an Advanced Notice of Proposed Rulemaking signaling its intent to build a comprehensive framework for retail crypto asset commodity transactions (CTXs) under section 2(c)(2)(D) of the Commodity Exchange Act. The notice seeks comment on preventing abusive practices, sharing industry best practices, and codifying a designated contract market subcategory called a crypto asset market. Written comments are due within 60 days of Federal Register publication.
In briefSEC Joins Global Regulators to Promote Fraud Awareness During World Investor Week
SummaryThe SEC, with other U.S. and global financial regulators, issued a joint investor bulletin as part of World Investor Week. It urges investors to stay resilient amid changing economic conditions and to watch for rising relationship investment and impersonation scams. The initiative, led by IOSCO, marks its tenth anniversary this year.
In briefProposed rule barring fund transfers involving A7 network sub-agents
SummaryThe Financial Crimes Enforcement Network (FinCEN) of the U.S. Treasury proposes a special measure prohibiting the transmittal of funds in transactions involving the A7 network's sub-agents. The excerpt provided ends at the opening of the summary.
In briefIRS reminder on simple steps to protect tax data during Cybersecurity Awareness Month
SummaryThe IRS urges taxpayers and tax professionals to adopt simple online security habits during Cybersecurity Awareness Month. Recommended steps include strong unique passwords, multifactor authentication, software updates, caution with unexpected messages, and avoiding public Wi-Fi. The release also warns about IRS impersonation scams and lists IRS tools such as the Identity Protection PIN, and it attaches a guide for creating a Written Information Security Plan.
In briefFinal rule to make Fed stress test models and scenarios more transparent and publicly accountable
SummaryThe Federal Reserve Board adopted final amendments to Regulations Y, LL, and YY to increase transparency and public accountability of its supervisory stress testing framework, and amended related policy statements. The Board is finalizing models for the 2027 stress test and proposing further model changes for public comment. The rule and policy statements take effect November 2, 2026.
In briefFederal Scholarship Tax Credit: IRS Temporary Rules for a New Credit on Scholarship Donations
SummaryThe IRS issued temporary regulations implementing a new nonrefundable federal tax credit under section 25F of the Internal Revenue Code. The credit covers qualified contributions made in 2027 and later taxable years to scholarship granting organizations that fund qualified elementary and secondary education scholarships. The regulations set out requirements and procedures for states electing to participate and for organizations certified by those states, and are effective December 1, 2026.
In briefFederal Scholarship Tax Credit (Proposed Rules)
SummaryThe IRS proposes regulations implementing a nonrefundable federal tax credit for qualified cash contributions to scholarship granting organizations that fund elementary and secondary school scholarships. The rules address taxpayers, states that elect to participate by certifying these organizations, and the certified organizations themselves. Comments are due December 1, 2026, and a public hearing is scheduled for December 15, 2026.
In briefSEC Proposes Rules on How Investment Advisers and Funds May Custody Crypto Assets
SummaryThe U.S. Securities and Exchange Commission proposed new rules and amendments providing a tailored framework for registered investment advisers and regulated funds to custody crypto assets. The proposal would permit self-custody of crypto assets under certain conditions and allow state trust companies to serve as custodians. The public comment period will remain open for 60 days after publication in the Federal Register.
In briefSEC Exam Division Publishes New Examination Handbook
SummaryThe SEC's Division of Examinations has published a new handbook, "The SEC Exam Handbook: A Practical Guide on Process and Engagement," replacing and expanding the previous examination brochure. It explains each stage of an examination, from risk assessment through the disposition letter, and outlines ways for registrants to give feedback or ask questions. The handbook also offers practical tips for exam preparation and compliance.
In briefCFTC Staff Extends Brexit-Related No-Action Relief
SummaryThe CFTC's Market Participants Division and Division of Market Oversight announced an extension of temporary no-action positions tied to the UK's withdrawal from the EU. The aim is to preserve regulatory certainty for derivatives trading and clearing between the UK and US. The CFTC continues working with UK authorities to analyze UK law and may issue UK comparability determinations and exemptive orders where appropriate.
In briefIRS seeks volunteers and partners to support free tax preparation services
SummaryThe IRS is recruiting volunteers and community partners for its VITA and TCE programs, which provide free tax preparation for eligible taxpayers. In 2026, more than 84,500 volunteers helped file nearly 2.9 million returns at no cost. No experience is required, and the IRS provides free training; interested people can submit a sign-up form.
In briefTreasury and IRS propose rules for Education Freedom Tax Credit, a school choice tax credit
SummaryThe Treasury and IRS issued proposed regulations implementing section 25F, the Federal Scholarship Tax Credit, known as the Education Freedom Tax Credit. It lets taxpayers claim up to $1,700 (or $3,400 for joint filers) for contributions to scholarship-granting organizations supporting K-12 students, starting January 1, 2027. Companion temporary regulations set procedures for states and organizations to prepare.
In briefTexas Stock Exchange proposes listing fees and market maker performance standards with daily stipends
SummaryTexas Stock Exchange LLC filed a rule change with the SEC to adopt three fee tiers for exchange-traded products listed on the exchange. It also proposes three tiers of minimum performance standards for its Lead Market Maker program, with the exchange paying daily stipends to market makers that meet them. The filing says newer ETP categories are harder and costlier to make markets in, which motivates the proposal.
In briefImpersonation Rule for Government and Business Scams (Advance Notice of Proposed Rulemaking)
SummaryThe FTC has issued an advance notice of proposed rulemaking to address search engine, social media, and other digital platforms that further government and business impersonation scams. It cites consumer reports of about $3.5 billion lost to imposter scams in 2025. The agency is seeking public comments on the need for such a rule, due by November 30, 2026.
In briefSEC Sues Meyer Global Management and CEO Over Alleged Fraud Against Retail Investors in Funds Holding SpaceX and Other Pre-IPO Shares
SummaryThe SEC filed a civil complaint against investment adviser Meyer Global Management LLC and its CEO, Owen E. H. Meyer. It alleges that from December 2021 onward, they misused client fund assets and deceived investors in private funds holding pre-IPO securities such as SpaceX. The SEC seeks permanent injunctions, disgorgement with prejudgment interest, and civil penalties.
In briefSEC sues two men over fraud scheme targeting veterans
SummaryThe SEC charged Christopher Kenji Dinelli and Jacob David Frankel with orchestrating a fraud that raised over $8.7 million from 35 investors through their fund, Beyond Alpha Ventures LLC, and advisory firm, Beyond Equity LLC. The complaint alleges they targeted veterans and medical professionals with false claims about fund performance and assets under management, and diverted investor money to losing options trades. The SEC filed its complaint in federal court in the Southern District of New York, and federal prosecutors announced parallel criminal charges.
In briefSEC proposes rule changes to widen individual investors' access to private markets
SummaryThe U.S. Securities and Exchange Commission voted to propose amendments to expand retail investor choice and encourage innovation in regulated fund structures while keeping investor protections. The proposals would let registered investment advisers receive performance-based compensation based on capital gains from clients including regulated funds, and require disclosure of such compensation in fund forms. The SEC is also seeking comment on additional ways to qualify as an accredited investor, including a FINRA-developed exam and certain professional credentials. Public comment periods remain open for 60 days after publication.
In briefCFTC Wins Court Order Requiring Louisiana Man and Arkansas Woman to Pay Over $31 Million in Crypto and Precious Metals Fraud
SummaryThe CFTC announced that the U.S. District Court for the Middle District of Florida entered a default judgment against Brian Early and Alisha Ann Kingrey for a digital assets and precious metals fraud involving the Fundsz entity and its website. The court also entered consent orders against Rachel Larralde, as personal representative of Rene Larralde's estate, and Juan Pablo Valcarce. Early and Kingrey were ordered to pay $15,732,455 in restitution and a $15,752,455 civil monetary penalty, plus permanent injunctions and registration and trading bans.
In briefIRS gives new relief to taxpayers hit by Israel conflict, with some filing and payment deadlines postponed to Sept. 30, 2027
SummaryThe IRS announced that, because of the ongoing conflict in Israel, a wide range of federal tax filing, payment and other time-sensitive deadlines are postponed until Sept. 30, 2027. Affected individuals and businesses in Israel, the West Bank and Gaza are covered. The notice builds on earlier relief notices, and eligible taxpayers outside the covered area can request relief through the IRS disaster hotline.
In briefTreasury interim final rule setting forms and procedures for the Stablecoin Certification Review Committee's review of state stablecoin certifications
SummaryThe Treasury Department, on behalf of the Stablecoin Certification Review Committee, issued this interim final rule establishing procedural regulations and forms for the Committee to approve or deny state payment stablecoin regulators' certifications under section 4(c) of the GENIUS Act. The rule is effective September 30, 2026, but certifications will not be accepted until the information collection receives Paperwork Reduction Act approval. Comments are due by November 30, 2026.
In briefU.S. Treasury publishes seven Venezuela sanctions web general licenses in the Federal Register
SummaryThe Office of Foreign Assets Control published seven general licenses issued under the Venezuela Sanctions Regulations, which were previously posted on its website. GL 46C authorizes certain activities involving Venezuelan-origin oil and petrochemical products by established U.S. entities, subject to conditions. The licenses also exclude transactions involving persons located in several countries and certain blocked parties.
In briefU.S. Treasury Publishes Seven Venezuela Sanctions Web General Licenses (52–58) in Federal Register
SummaryThe Treasury's Office of Foreign Assets Control (OFAC) published in the Federal Register seven general licenses (GLs 52 through 58) issued under the Venezuela Sanctions Regulations, which had previously been posted on OFAC's website. The licenses authorize certain transactions otherwise prohibited, involving Petróleos de Venezuela, S.A. (PdVSA) and related entities. Conditions include U.S. governing law and dispute resolution, and payments to blocked persons going into the Foreign Government Deposit Funds.
In briefOFAC publishes eight Venezuela sanctions web general licenses in Federal Register
SummaryThe Treasury Department's Office of Foreign Assets Control published eight general licenses issued under the Venezuela Sanctions Regulations, which were previously posted on its website. GL 46D authorizes certain transactions involving Venezuelan-origin oil or petrochemical products by established U.S. entities, subject to conditions such as dispute resolution location and payment requirements.
In briefSEC Sues TSAI Pro Ltd. and TSAI Capital Foundation Over Fake AI Trading Bot Scheme
SummaryThe SEC filed a complaint against TSAI Pro Ltd. and TSAI Capital Foundation, alleging they promoted an AI trading bot program promising guaranteed profits via their website, WhatsApp groups and Facebook. The complaint says no AI trading bots existed and deposited funds were never used to generate returns for investors. The defendants also falsely claimed SEC regulation and displayed a phony SEC certificate and falsified Form D.
In briefFederal Reserve proposal to implement its GENIUS Act duties for stablecoin issuers
SummaryThe Federal Reserve Board proposes rules to implement the GENIUS Act for permitted payment stablecoin issuers it supervises and certain other entities under its jurisdiction. It also proposes rules implementing the Act's tying prohibition, which applies to all permitted payment stablecoin issuers. The proposal covers topics such as reserve assets, redemption, risk management, capital, and custodians. Comments are due by November 30, 2026.
In briefFederal Reserve proposes application procedures for bank subsidiaries seeking approval to issue payment stablecoins
SummaryThe Federal Reserve Board proposes rules under the GENIUS Act establishing procedures for insured state member banks to seek Board approval for a subsidiary to issue payment stablecoins. The proposal would be added as Subpart D to Regulation UU in 12 CFR part 247 and defines "payment stablecoin" consistent with the Act. Comments are due November 30, 2026.
In briefSEC Charges Zoe Financial for Undisclosed Conflicts of Interest in Adviser Referrals
SummaryThe SEC settled charges against New York-based registered investment adviser Zoe Financial for failing to fully and fairly disclose material conflicts of interest to clients. The order finds that from about January 2023 to December 2024, the firm did not disclose its financial incentive to refer clients to third-party advisers using its Zoe Wealth platform, and misleadingly described how it mitigated other referral conflicts. Without admitting the findings, Zoe Financial agreed to a cease-and-desist order, a censure, and a $450,000 civil penalty.
In briefTreasury and IRS propose rules for installment payment of tax on certain farmland sales
SummaryThe Treasury and IRS issued proposed regulations for taxpayers who sell or exchange qualifying farmland to qualified farmers and elect to pay the tax on the gain in four equal annual installments. The election, under Section 1062 of the Internal Revenue Code, applies to qualified transactions in taxable years beginning after July 4, 2025. The proposal also covers partnerships, S corporations, trusts and estates, and comments are requested by November 30, 2026.
In briefReconsideration of gasoline facility air pollution standards (proposed rule)
SummaryThe EPA proposes to reconsider parts of its 2024 final rule on hazardous air pollutant emissions from gasoline distribution facilities and bulk gasoline terminals. Topics include operating limits and continuous compliance for control devices, vapor tightness for gasoline cargo tanks, and modification criteria in the performance standards, along with technical corrections. The EPA states the changes do not alter the stringency of the standards and do not expect an impact on VOC or HAP emissions. Comments are due November 12, 2026.
