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The Securities and Exchange Commission has approved rule changes proposed by ICE Clear Credit LLC, a clearing agency for Credit Default Swap (CDS) contracts, to update its End-of-Day Price Discovery Policies and Procedures. The changes aim to improve ICC's price discovery process by clarifying the definitions of terms like Most-Actively-Traded-Instrument and bid-offer widths, refining methodologies for accurate end-of-day pricing, and increasing transparency by publishing prices for all eligible instruments. These revisions are consistent with regulatory requirements, intended to ensure accurate pricing and risk management, and to provide reliable data for participants and the market.

The Securities and Exchange Commission issued a temporary order allowing the Infinity Q Diversified Alpha Fund to halt redemptions beginning February 19, 2021, due to issues with accurately valuing certain assets. Infinity Q Capital Management, the Fund's adviser, cannot calculate a fair value for certain swap instruments after discovering irregularities in their valuation process, rendering them unable to determine the correct net asset value (NAV). The Fund plans to liquidate its portfolio to ensure current and former shareholders get maximum returns while developing plans for repayment and liquidation overseen by independent parties and the Commission.

The Securities and Exchange Commission (SEC) has granted Green Impact Exchange, LLC (GIX) approval to register as a national securities exchange. GIX will be responsible for its trading system's regulations and oversight, although some regulatory functions will be outsourced to the Financial Industry Regulatory Authority (FINRA) through a regulatory services agreement. The exchange will operate as an electronic trading platform without a physical trading floor, and its corporate governance and ownership structures align with industry standards to maintain independence and meet SEC requirements. Additionally, GIX plans to utilize technology provided by MEMX Technologies to facilitate trading operations while ensuring compliance with federal securities laws.

Irma Lizette Trevizo was convicted of conspiring to smuggle firearms and ammunition from the U.S. to Mexico, resulting in a prison sentence and additional penalties. As a result of her conviction, the Bureau of Industry and Security (BIS) has decided to deny her the privilege to export goods from the U.S. for ten years, until April 30, 2029. This order also revokes any BIS-issued licenses she held at the time of her conviction. Trevizo has the option to appeal this decision within 45 days of the order being issued.

The Securities and Exchange Commission (SEC) is reviewing a proposed rule change by Nasdaq PHLX LLC related to FLEX Options trading on their Exchange. This proposed change involves amendments to the trading rules, including the clarification of functionality, the listing of certain options types, and adjustments to settlement processes. The SEC has not yet reached a decision and is inviting public commentary to help assess the consistency of these changes with financial regulations. Interested parties can submit their views or concerns by February 21, 2025, with rebuttal comments due by March 7, 2025.

The U.S. Department of Energy (DOE) has granted E.L. Foust Co., a small business, an exemption from the Tier 1 energy conservation standards for air cleaners until December 30, 2025. This decision was based on the company's financial status and the potential impact on market competition. The Department of Justice agreed that not granting the exemption could reduce competition, as E.L. Foust Co. could lose a major sales channel. The exemption allows the company more time to comply with energy standards, while any future exemption requests for Tier 2 standards would require a new application.

The Securities and Exchange Commission has approved the application of 24X National Exchange LLC to register as a national securities exchange. 24X plans to operate an automated trading platform for trading listed stocks during extended hours, including overnight sessions on weekdays. The exchange will be supported by technology from MEMX Technologies and will use FINRA for certain regulatory functions. To protect investors, 24X must join several national market system plans and implement enhancements like customer risk disclosures before commencing operations.

The Council on Environmental Quality (CEQ) has issued an interim rule to remove its regulations implementing the National Environmental Policy Act (NEPA) from the Code of Federal Regulations. This action follows an executive order that rescinded the previous directive requiring these regulations and raised questions about CEQ's authority to impose binding rules. CEQ invites public comments on this rule by March 27, 2025, and will consider these before finalizing the rule. The interim rule’s removal of regulations is aimed at addressing legal uncertainties and simplifying agency compliance with NEPA.

Fahad Saleem Kharbey was convicted in a U.S. District Court for unlawfully exporting firearms and magazines to Dubai without a license. As a result, the U.S. Department of Commerce has denied his export privileges for seven years, until May 31, 2026. This means he cannot participate in or benefit from any export activities and others are also prohibited from exporting to him. Kharbey can appeal this order within 45 days.

The United States Department of Agriculture's Rural Development (RD) division is changing its funding opportunities to remove references to the previous Administration's key priorities and diversity, equity, and inclusion (DEI) criteria. This update follows an Executive Order titled "Ending Radical And Wasteful Government DEI Programs And Preferencing," issued in January 2025. Programs affected by this change will no longer consider these previous criteria for application scoring. Additionally, the Rural Energy for America Program's funding notice is corrected to include $50 million from the 2018 Farm Bill that was previously omitted.