The CFTC’s final rule establishes a 30% presumption for certain whistleblower awards and revises the agency’s award determination process.
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FTC Secures $2.1 Million Settlement with Bill Payment Firm Doxo
The Federal Trade Commission announced that it has settled with Doxo, Inc. over claims that the company misled consumers.
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FTC Targets Payment Processor in Proposed $12 Million Sham-Merchant Settlement
The Federal Trade Commission has reached a proposed $12 million settlement with Humboldt Merchant Services based on allegations that it processed payments for merchants that were shell companies or engaged
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Internal Reviews Covering the Use of AI by FINRA Associated Persons
FINRA member firms (“Members”), and the enterprise organizations in which many sit, are moving rapidly to deploy firm-approved artificial intelligence tools for use by their employees. As adoption accelerates, the
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SEC Staff Grants No-Action Relief for Digital Asset Custody
On August 12, 2026, the SEC’s Division of Investment Management issued a No-Action Letter (the Letter) granting no-action relief to Franklin Templeton under Section 17(f) of the Investment Company Act of 1940 (the 1940 Act) and Rule 17f-2.
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FinCEN Final Rule Permanently Ends Beneficial Ownership Reporting Requirements for US Companies and US Persons
On Aug. 11, 2026, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network issued a final rule that permanently removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information under the Corporate Transparency Act.
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SEC Creates Financial Reporting and Accounting Unit in Enforcement Division
On Aug. 5, 2026, the Securities and Exchange Commission announced a new specialized unit within its Division of Enforcement focused on accounting and financial reporting fraud, as well as broader misconduct in the accounting and auditing areas.
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NYC Finalizes Click-to-Cancel and Hotel Junk Fees Rules, Proposes New Junk Fees Rule
On July 10, 2026, New York City Department of Consumer and Worker Protection (DCWP) finalized and adopted its “Click-to-Cancel Rule,” which takes effect on Oct. 1, 2026.
From Click to Contract: When Courts Enforce Online Terms
Recent court decisions highlight how website design, conspicuous notice, and user assent can determine whether online terms are enforceable.
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UK Financial Conduct Authority Consults on Tougher Penalty Framework
The FCA is consulting on proposed changes to its penalty framework that signal a tougher approach to individual accountability and deterrence, with practical implications for firms and individuals subject to FCA supervision. Comments are due by 10 August 2026.
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