Regulation News
Financial regulation news from the SEC, FINRA, and government agencies. Track policy changes, enforcement actions, and compliance updates affecting markets.
Exelon's PECO Faces Union Safety Probe Amid Leadership Shakeup
IBEW Local 614 filed a petition with Pennsylvania regulators seeking an investigation into PECO's maintenance practices, citing damaged poles and equipment, as new interim CEO Mike Innocenzo takes the helm.
Capital One $425M Settlement: Payouts Set for July if No Appeal
A federal judge approved Capital One's $425 million settlement over 360 Savings accounts, with automatic payments set for around July 27 if no appeal is filed.
Free AI Trading Bots Invade Forex and Crypto Markets, but Regulators Raise Red Flags
MoneyFlare's free AI forex bot targets retail traders, but regulators caution against risks and unverified performance data.
New US Export Curbs Target Applied Materials, Chip Tool Shipments to China's Hua Hong
The US Commerce Department ordered Applied Materials, Lam Research, and KLA to halt some chip-tool shipments to China's Hua Hong, targeting advanced chip production facilities. AMAT shares fell 5.8%.
KPMG Exits Federal Audit After Losing Pentagon Contract
KPMG will wind down its US federal audit unit after losing a $60 million Pentagon contract, reassigning over 450 employees. The Pentagon is consolidating audits to achieve a clean opinion by 2028.
AST SpaceMobile Faces Dual Reality: FCC Green Light and Satellite Setback
AST SpaceMobile shares fell 6.8% after losing its BlueBird 7 satellite in a launch failure, but the company secured FCC approval for a 248-satellite network. The May 11 Q1 update will be closely watched.
New England States Target Self-Checkout with Legislative Caps
Massachusetts lawmakers advance a bill capping self-checkout stations at eight per store, with similar proposals in Rhode Island and Connecticut.
Capital One $425M Settlement Approved: Payouts Set for July 2026
A federal judge approved Capital One's $425 million settlement over 360 Savings accounts. Payouts to eligible customers are expected around July 27, 2026, with automatic payments and interest rate changes.
Blue Cross Blue Shield Settlement Payouts to Begin in May
Payments from the $2.67 billion Blue Cross Blue Shield antitrust settlement begin in May 2026 for eligible claimants who filed by November 2021.
OSHA Tightens Heat Enforcement on Meat Processors, Drops Inspection Quotas
OSHA revised its heat enforcement program on April 10, targeting meat-processing and other high-risk industries while dropping inspection quotas.
BBB Flags Heavy-Equipment Scams as Buyers Lose Over $107,600
Three buyers lost $107,600 after wiring funds to a fake heavy-equipment website. The BBB flagged Digron Machinery Depot and another site impersonating a Nebraska company.
China Orders Meta to Reverse $2 Billion Manus AI Deal Amid Tech Talent Tensions
China's NDRC has ordered Meta to reverse its $2 billion acquisition of AI startup Manus, citing foreign investment security rules, escalating tensions over AI talent and technology ahead of a Trump-Xi meeting.