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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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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Supreme Court Limits Private Rescission Claims Under the Investment Company Act
The U.S. Supreme Court held that ICA Section 47(b) creates no implied private right of action for rescission, shifting potential litigation risks for fund governance challenges to SEC enforcement, Section 36(b) claims, and state-law theories.
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