Week of November 2 - 8, 2026

🗓️ November 3, 2026

• SEC Obtains Final Judgments as to The Movie Company and its CEO in Connection with Alleged Offering Fraud. The United States District Court for the Southern District of Florida entered final judgments against The Movie Studio, Inc. and its President and CEO, Gordon Scott Venters, for making material misrepresentations to investors in an unregistered securities offering from April 2017 through December 2020. The SEC’s complaint alleged that they raised at least $1.2 million from over 70 investors by misrepresenting the company’s film ownership, production operations, blockchain technology use, and revenue from Amazon. Venters consented to the judgment, which enjoins him from future violations and orders him to pay $69,000 in disgorgement, $17,735 in prejudgment interest, and a $100,000 civil penalty. 🔗 Read more
• CFTC Secures Court Order Directing Texas Man and His Company to Pay Over $13 Million in Commodities Fraud. Washington - The Commodity Futures Trading Commission announced that the U.S. District Court for the Northern District of Texas entered a default judgment against Walter Dunning Larrick III and Cambridge Financial Advisors LLC for participating in a commodities fraud scheme. The court found they fraudulently solicited and misappropriated over $3 million by falsely representing the use of participant funds for trading futures and options, issuing false account statements, and misappropriating funds in a Ponzi-like manner. The defendants were ordered to pay a $9,767,625 civil monetary penalty, $3,255,875 in restitution, and were permanently enjoined from further violations, with trading and registration bans imposed. 🔗 Read more
• CFTC Chairman Selig Releases Statement on Equity Perpetual Futures. Washington - CFTC Chairman Michael S. Selig announced that perpetual futures contracts on individual equity securities, known as “Equity Perps,” can now trade on CFTC-registered exchanges that are also dually registered with the SEC. This development allows U.S. market participants to benefit from perpetual futures within a regulated framework, avoiding offshore, unregulated venues. The initiative builds on the Commodity Futures Modernization Act of 2000 and the CFTC-SEC Memorandum of Understanding, aiming to provide regulatory clarity and a clear path to market for innovative products. 🔗 Read more
• IAIS issues a joint publication on inclusive insurance and financial health with CGAP and the Office of the UNSGSA. The IAIS, in collaboration with CGAP and the UNSGSA, released a publication titled “Inclusive Insurance as a Pillar of Financial Health: Measurement, Policy, and Practice”. The document explores the role of inclusive insurance in helping households manage financial needs, cope with shocks, and strengthen financial resilience, while also addressing challenges such as fragmented evidence and affordability constraints. It advocates for coordinated action to integrate inclusive insurance into financial health frameworks through improved measurement, policy, and customer-focused practices. 🔗 Read more
• Shell companies, crypto and offshore transfers reveal the business of money laundering. An alleged transnational money laundering network is suspected of laundering over $123 million for organised crime syndicates by converting criminal cash into cryptocurrency and moving funds offshore through shell companies. AUSTRAC has supported a Taskforce Avarus investigation, which led to the seizure of $750,000 in cash and luxury items, highlighting the importance of following the money to expose criminal networks. This case exemplifies crime as a service, where specialist networks provide infrastructure to move, convert, and disguise criminal proceeds, and underscores the role of financial intelligence in disrupting organised crime. 🔗 Read more
• FCA sets expectations for firms making car finance settlement offers. Almost 9 out of 10 car finance customers who have complained or are considering doing so prefer immediate compensation offers rather than waiting for legal challenges to the FCA’s compensation scheme to conclude. The FCA supports lenders making settlement offers, provided customers receive no less than they would through the scheme, and has published a factsheet for consumers to make informed decisions. The motor finance compensation scheme is partially suspended pending legal challenges, with payouts due to start this year, but firms must continue preparing and progressing complaints. 🔗 Read more

🗓️ November 4, 2026

• SEC Adopts Amendments to Update Definitions of Small Entity for Investment Companies and Investment Advisers. Washington D.C. - The Securities and Exchange Commission has adopted amendments to redefine which registered investment companies, investment advisers, and business development companies qualify as small entities under the Regulatory Flexibility Act. These changes, the first in nearly 30 years, aim to minimize the economic impact of SEC rules by updating asset-based thresholds, aggregating related funds’ assets differently, eliminating the investment adviser total assets threshold, and allowing for inflation adjustments every 10 years. SEC Chairman Paul S. Atkins emphasized that these updates will help eliminate unnecessary regulatory burdens and ensure rulemaking reflects today’s market realities. 🔗 Read more
• CFTC and USDA Sign MOU to Protect Integrity of American Agricultural Markets. Washington - The Commodity Futures Trading Commission and the U.S. Department of Agriculture have signed a Memorandum of Understanding to safeguard the integrity of U.S. agricultural markets. This agreement aims to harmonize policies, enhance information sharing, and increase access to risk management tools, ultimately strengthening protections for farmers and improving data transparency. Both agencies will collaborate to monitor and identify risks, supporting the agricultural community in managing uncertainty and planning for the future. 🔗 Read more

🗓️ November 5, 2026

• Federal Reserve Board announces termination of enforcement action with Allegiant United Holdings, LLC, Nano Financial Holdings, Inc., and Nano Banc. The Federal Reserve Board announced the termination of the enforcement action against Allegiant United Holdings, LLC, Nano Financial Holdings, Inc., and Nano Banc, all based in Irvine, California. The written agreement was dated February 24, 2021, and the enforcement action was terminated on October 21, 2026. 🔗 Read more
• CFTC Issues Impartial Access Requirements Interpretation. Washington - The Commodity Futures Trading Commission issued an interpretation requiring designated contract markets (DCMs) to provide competitive, open, fair, and impartial access under Commission Regulation 38.151(b). DCMs must remove domestic geographic restrictions and ensure intermediaries comply with these requirements within 30 days, or provide an explanation for non-compliance, or face potential Commission action. 🔗 Read more
• FDIC Issues List of Banks Examined for CRA Compliance. The Federal Deposit Insurance Corporation (FDIC) issued a list of state nonmember banks evaluated for compliance with the Community Reinvestment Act (CRA) in August 2026. The CRA, a 1977 law, requires the FDIC to assess a bank’s record of meeting the credit needs of its entire community, including low- and moderate-income neighborhoods. Public disclosure of CRA evaluations has been mandated since July 1, 1990, and a consolidated list of evaluations since then is available from the FDIC’s Public Information Center. 🔗 Read more
• Federal Bank Regulatory Agencies Release 2025 Small Business, Small Farm, and Community Development Lending Data. Washington - The federal bank regulatory agencies, as part of the Federal Financial Institutions Examination Council (FFIEC), released data on small business, small farm, and community development lending for 2025, as required by the Community Reinvestment Act regulations. Additionally, the FFIEC prepared aggregate reports of small business and small farm lending for each metropolitan statistical area and county in the United States and its territories. 🔗 Read more
• FINRA Fines Webull $4.2 Million for Anti-Money Laundering and Best Execution Violations. Washington - FINRA fined Webull Financial LLC $4.2 million for failing to implement effective anti-money laundering, identity theft prevention, and best execution programs. During its rapid growth from January 2020 to September 2023, Webull approved over 120,000 accounts using inadequate identity verification, failed to detect suspicious transactions, and lacked essential surveillance capabilities, leading to significant compliance failures. 🔗 Read more
• The EBA publishes revised Guidelines on internal governance, delivering greater proportionality and simplification for banks. The European Banking Authority (EBA) has published its revised Guidelines on internal governance under the Capital Requirements Directive (CRD), reflecting changes introduced by CRD VI. These Guidelines aim to simplify the regulatory framework, strengthen proportionality, and reduce compliance burdens while ensuring robust governance across the EU banking sector. The revisions include clearer provisions on conflicts of interest, a more proportionate approach to governance requirements, and feedback-based changes such as reduced detail in duty mapping and greater proportionality for third-country branches. 🔗 Read more
• FCA to explore quantum computing to tackle financial crime. The FCA will establish the Quantum Experimentation Group to explore the use of quantum computing in tackling financial crime, focusing on quantum machine learning for detecting money laundering and fraud. Launching in the first quarter of 2027, the group will use an FCA synthetic dataset to overcome data access barriers and will help firms and the FCA understand the technology’s potential and limitations. Participants can register their interest by 31 December 2026. 🔗 Read more

🗓️ November 6, 2026

• The EBA outlines next steps on supervisory reporting simplification and extends implementation timelines following consultation feedback on the ITS. The European Banking Authority (EBA) is finalizing proposals to simplify EU supervisory reporting, incorporating feedback from the banking industry and public consultations. The package will introduce simplification measures, greater proportionality, and extended timelines, reducing costs while maintaining necessary information for supervision. Key changes include simplified reporting templates, integration of credit risk and IFRS 9 benchmarking, granular operational risk loss reporting, a dedicated stress-testing module, and longer implementation timelines, with the final report expected in December 2026. 🔗 Read more
• EIOPA updates RFR Technical Documentation to apply from 30 January 2027. The European Insurance and Occupational Pensions Authority (EIOPA) has published an updated version of the Risk-Free Rate (RFR) Technical Documentation, effective from 30 January 2027, incorporating the results of the 2026 DLT assessment and the annual update of representative portfolios, including frozen cash flows. The updated documentation also includes stakeholder feedback and introduces a strengthened criterion for assessing currency relevance, leading to the removal of the Colombian peso, Hong Kong dollar, and New Taiwan dollar from the list of relevant currencies, with recommended parameters for these currencies provided in a separate file. 🔗 Read more