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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

Brooklyn Food Company Recalls Dried Fish Over FDA Safety Violations

Prime Food Processing LLC of Brooklyn voluntarily recalled dried croaker fish products after failing to meet FDA evisceration requirements. The recall highlights potential health risks from improperly processed fish products.

•Prime Food Processing LLC voluntarily recalled dried croaker fish for failing to meet FDA evisceration standards
•Improperly eviscerated fish poses health risks including bacterial contamination and potential allergen exposure
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Regulatory
•4 min read
U.S. District Court for the Southern District of Texas

CFTC Orders Texas Trader to Pay $14M for Information Theft, Kickbacks

The Commodity Futures Trading Commission secured a $14.2 million settlement against Houston resident Matthew Clark for misappropriating confidential information and participating in illegal kickback schemes that defrauded his employer. The consent order permanently bans Clark from trading and CFTC registration.

•Matthew Clark must pay $14.2 million total: $7.7 million in restitution and $6.5 million in disgorgement
•Clark permanently banned from trading and CFTC registration for kickback schemes and information misappropriation
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Regulatory
•4 min read

CFTC Approves Xchange Alpha as New Designated Contract Market

The Commodity Futures Trading Commission has designated Xchange Alpha LLC as a designated contract market under the Commodity Exchange Act. The Arizona-based company demonstrated compliance with federal regulations governing derivatives trading platforms.

•CFTC issued designation order for Xchange Alpha LLC under Section 5 of the Commodity Exchange Act
•Company is Delaware-registered but headquartered in Scottsdale, Arizona
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Regulatory
•4 min read

CFTC Clarifies Legacy Swap Status Remains Intact After Morgan Stanley Merger

The CFTC's Market Participants Division and Division of Clearing and Risk issued an interpretive letter confirming that Morgan Stanley's legacy swaps retain their exempt status under uncleared swap margin and clearing requirements following an internal merger reorganization.

•CFTC staff determined Morgan Stanley's legacy swaps remain exempt from uncleared swap margin requirements after internal merger
•Division of Clearing and Risk confirmed the merger will not trigger mandatory clearing obligations for existing swap positions
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Regulatory
•4 min read

FDA Launches PreCheck Pilot Program to Boost Domestic Drug Manufacturing

The U.S. Food and Drug Administration has launched its PreCheck pilot program, beginning to accept applications from pharmaceutical companies seeking to participate in an initiative designed to strengthen domestic manufacturing capabilities and enhance supply chain resilience.

•FDA begins accepting applications for PreCheck pilot program targeting pharmaceutical manufacturers
•Program aims to strengthen domestic drug manufacturing capabilities and supply chain resilience
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Regulatory
•4 min read
United States Court of Appeals for the Sixth Circuit

FTC Chairman Ferguson Names Levi Swank Deputy Director of Consumer Protection

Federal Trade Commission Chairman Andrew N. Ferguson has appointed Levi Swank as Deputy Director of the Bureau of Consumer Protection. Swank brings extensive private sector litigation experience to the key enforcement role.

•Levi Swank appointed as Deputy Director of FTC's Bureau of Consumer Protection by Chairman Ferguson
•Swank brings extensive experience in consumer protection litigation, enforcement matters, and class actions from private practice
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Regulatory
•4 min read

FTC Orders Sevita to Divest 128 Care Facilities in $835M Merger

The Federal Trade Commission has required Sevita Health to divest 128 intermediate care facilities across Indiana, Louisiana, and Texas to resolve antitrust concerns over its proposed $835 million acquisition of BrightSpring Health Services' community living business. The action prevents the consolidation of the two largest national providers of residential services for individuals with intellectual and developmental disabilities.

•FTC requires Sevita Health to divest 128 intermediate care facilities across Indiana, Louisiana, and Texas
•Divestiture resolves antitrust concerns over $835 million acquisition of BrightSpring's community living business
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Regulatory
•4 min read

FTC Chairman Warns 42 Major Law Firms on Anticompetitive DEI Hiring

Federal Trade Commission Chairman Andrew N. Ferguson issued warning letters to 42 major law firms participating in the Mansfield Certification program, cautioning that coordinated diversity hiring practices may violate federal antitrust laws. The firms collectively employ over 50,000 attorneys and worked with Diversity Lab to implement standardized DEI criteria across the legal industry.

•FTC Chairman sent warning letters to 42 major law firms participating in Mansfield Certification program
•Firms allegedly coordinated on DEI hiring standards through Diversity Lab consultancy
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Regulatory
•4 min read

FTC Advances Review of Negative Option Subscription Rules

The Federal Trade Commission submitted a draft notice to federal regulators signaling its intent to review rules governing negative option plans, including automatic subscription renewals and trial-to-paid conversions. The move represents a significant step in the FTC's efforts to strengthen consumer protections against deceptive billing practices.

•FTC submitted draft ANPRM on Negative Option Rule to OMB for mandatory federal review
•Review targets subscription services and auto-renewal practices affecting millions of consumers
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Regulatory
•4 min read

Houston Company Recalls Moringa Superfood Over Salmonella Risk

Why Not Natural, a Houston-based company, has voluntarily recalled its Organic Moringa Green Superfood products due to potential Salmonella contamination that poses serious health risks to vulnerable populations.

•Why Not Natural voluntarily recalled Organic Moringa Green Superfood products due to Salmonella contamination risk
•Salmonella can cause serious or fatal infections in children, elderly, and immunocompromised individuals
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