TodayLegal News

Verdict.News

Regulatory

Federal agency enforcement actions, rulemaking, and regulatory developments. Coverage of the SEC, FTC, CFPB, CFTC, OSHA, FDA, and other agencies shaping compliance and industry standards.

Regulatory
•4 min read

FDA Approves Gene Therapy Itvisma for Spinal Muscular Atrophy Treatment

The U.S. Food and Drug Administration approved Itvisma (onasemnogene abeparvovec-brve), a gene therapy treatment for spinal muscular atrophy in patients 2 years and older with confirmed SMN1 gene mutations. The approval marks a significant advancement in treating this rare genetic condition that affects muscle strength and movement.

•FDA approved Itvisma gene therapy for spinal muscular atrophy in patients 2 years and older
•Treatment targets patients with confirmed SMN1 gene mutations
AI-generated SummaryRead Article →
Regulatory
•4 min read

CFTC Charges Two Men with $1M Futures Fraud, Registration Violations

The Commodity Futures Trading Commission filed federal charges against Brian Mitchell, Kevin Mack Jr., and their Michigan company Young Pros Investment Group LLC for allegedly defrauding approximately 33 investors out of $1 million through a commodity trading scheme that operated as a Ponzi-style fraud from December 2020 through May 2022.

•CFTC filed fraud charges against Brian Mitchell, Kevin Mack Jr., and Young Pros Investment Group LLC for allegedly defrauding 33 investors of approximately $1 million
•Defendants allegedly operated Ponzi-style scheme using new investor funds to pay earlier participants while concealing trading losses through false statements
AI-generated SummaryRead Article →
Regulatory
•4 min read

CFTC Secures $51 Million Judgment Against Precious Metals Fraud Operation

The CFTC and 30 state regulators secured a $51 million federal court judgment against Safeguard Metals LLC and its principal Jeffrey Ikahn for operating a nationwide precious metals fraud scheme. The judgment includes $25.6 million in victim restitution and an equal amount in civil penalties.

•Federal court entered final judgment for $51 million total against Safeguard Metals LLC and Jeffrey Ikahn
•Scheme involved nationwide precious metals fraud targeting investors
AI-generated SummaryRead Article →
Regulatory
•4 min read

FTC Approves $1.57B ACT-Giant Eagle Deal with Required Divestitures

The Federal Trade Commission approved a final consent order allowing Alimentation Couche-Tard Inc. to complete its $1.57 billion acquisition of 270 Giant Eagle fuel outlets. The settlement requires ACT to divest 35 stations to preserve competition and prevent higher fuel prices.

•ACT must divest 35 fuel stations to Majors Management, LLC to complete the $1.57 billion Giant Eagle acquisition
•The FTC voted 2-0 to approve the final consent order after determining the merger could harm competition
AI-generated SummaryRead Article →
Regulatory
•4 min read

SEC Division of Examinations Releases 2026 Examination Priorities

The Securities and Exchange Commission's Division of Examinations has released its 2026 examination priorities, providing regulatory transparency to investment advisers, broker-dealers, and other market participants about key focus areas for the upcoming examination cycle.

•SEC Division of Examinations published its annual 2026 examination priorities
•The priorities provide transparency to registrants and investors about regulatory focus areas
AI-generated SummaryRead Article →
Regulatory
•4 min read

FTC Permanently Bans Seek Capital, CEO from Business Financing Services

The Federal Trade Commission has permanently banned Seek Capital and its CEO Roy Ferman from providing business financing, debt relief, and credit repair services to settle allegations that the California-based company deceived small business owners seeking funding through false promises of special lender relationships and zero-interest financing.

•Seek Capital and CEO Roy Ferman permanently banned from providing business financing, debt relief, and credit repair services
•Company allegedly charged thousands for credit cards while falsely promising zero-interest business loans through special lender relationships
AI-generated SummaryRead Article →
Regulatory
•4 min read

FTC Orders Divestiture of 45 Oil Change Shops in $625M Valvoline Deal

The Federal Trade Commission is requiring Valvoline Inc. and Greenbriar Equity Fund V to divest 45 quick-lube oil change shops to address antitrust concerns in their $625 million acquisition deal. The divestiture aims to preserve competition and prevent higher prices for consumers across eight states.

•FTC requires divestiture of 45 Oil Changers outlets to Main Street Auto LLC as condition for Valvoline's $625 million acquisition of 200 quick-lube shops
•Antitrust concerns focused on elimination of competition in 25 local markets across eight states where companies directly compete
AI-generated SummaryRead Article →
Regulatory
•4 min read

Fed Issues Action Against Ex-Commerce Bank Employee, Ends Foreign Bank Cases

The Federal Reserve Board announced enforcement action against a former Commerce Bank employee while terminating previous enforcement proceedings against Société Générale S.A. and Industrial and Commercial Bank of China Ltd. The moves reflect ongoing regulatory oversight and resolution of compliance matters.

•Federal Reserve issued new enforcement action against former Commerce Bank employee
•Enforcement proceedings terminated against Société Générale and Industrial and Commercial Bank of China
AI-generated SummaryRead Article →
Regulatory
•4 min read

DOJ Blocks CFPB from Accessing Federal Reserve Funding Under Dodd-Frank

The Consumer Financial Protection Bureau informed a federal court that the Department of Justice's Office of Legal Counsel has determined the agency cannot legally request funds from the Federal Reserve under the Dodd-Frank Act. This development raises significant questions about the CFPB's funding mechanism and operational capacity.

•DOJ's Office of Legal Counsel ruled CFPB cannot legally draw Federal Reserve funds under current circumstances
•CFPB filed court notice in ongoing NTEU v. Vought litigation regarding the funding determination
AI-generated SummaryRead Article →
Regulatory
•4 min read

Federal Reserve Issues Enforcement Actions Against Two Community Banks

The Federal Reserve Board has issued enforcement actions against Belt Valley Bank and The Halstead Bank, marking the latest regulatory measures taken by the central bank against financial institutions. The actions signal potential compliance issues or supervisory concerns at both community banks that required federal intervention.

•Federal Reserve Board issued enforcement actions against Belt Valley Bank and The Halstead Bank simultaneously
•Actions indicate potential compliance or safety and soundness issues requiring regulatory intervention
AI-generated SummaryRead Article →