Search Results for keywords:"fraud prevention"

The Securities and Exchange Commission (SEC) is conducting proceedings to decide whether to approve or disapprove a proposed rule change by the Cboe BZX Exchange. This rule change involves listing and trading shares of the BondBloxx Private Credit Trust. The Trust aims to offer risk-adjusted returns through investments in a diversified portfolio of private credit assets like personal and small business loans. The proceedings allow for public comments and analysis on whether the rule aligns with rules preventing fraud and protecting investor interests.

The Administration for Children and Families (ACF) is seeking public comments on maintaining and updating the Low Income Home Energy Assistance Program (LIHEAP) Performance Data Form. The updates will allow continued collection of current data until June 2025, and implement new changes from July 2025, which include collecting more detailed information and adjusting the form to reflect recent legislative changes. The goal is to improve the reporting on how LIHEAP impacts households, ensuring accurate data for Congress and other stakeholders. The deadline for submitting comments is May 29, 2025.

The Financial Industry Regulatory Authority (FINRA) has proposed changes to its arbitration process to enhance the fairness and efficiency of selecting arbitrators. The new rules would give non-chair-qualified public arbitrators more opportunities to be selected and improve the list selection process's transparency. The proposal also introduces clear timelines for removing arbitrators and aligns rules with existing practices, ensuring better protection of investors and public interest by making the arbitration process more predictable and equitable. The Securities and Exchange Commission is inviting the public to comment on these proposed changes.

The Securities and Exchange Commission (SEC) is considering a proposed rule change submitted by The Nasdaq Stock Market LLC. This proposal aims to introduce a new rule, Nasdaq Rule 5712, which would allow the listing and trading of investment products based on commodities and digital assets. Specifically, the rule would facilitate the listing and trading of shares in the Hashdex Nasdaq Crypto Index US ETF. The SEC is inviting comments from the public on this proposed change to ensure it aligns with regulatory standards and protects investors.

The Federal Communications Commission (FCC) is updating a system of records related to its Lifeline Program, which helps low-income individuals get discounts on phone and internet services. The changes include simplifying and clarifying information to make it easier to read, implementing better measures to monitor program representatives, and reducing fraud. The updates also involve sharing certain details with other federal agencies and contractors involved in administering similar programs and carrying out consumer surveys. These modifications aim to improve program efficiency while protecting the privacy and personal information of those involved.

The Social Security Administration (SSA) announced a new emergency information collection tool called the Security Authentication PIN (SAP) to strengthen security measures during phone interactions. This tool will help verify user identities for certain services like direct deposit changes and flagged claims, reducing fraud risk. The process involves generating a unique PIN through a mySocial Security account and sharing it with a technician when making requests over the phone. While mandatory under the emergency rule, people can still visit local offices to verify their identity in person if they prefer not to use the SAP system.

The Securities and Exchange Commission (SEC) has received a proposal from The Nasdaq Stock Market LLC to list and trade shares of the Canary HBAR ETF under its Commodity-Based Trust Shares rules. The ETF is designed to track the performance of the HBAR cryptocurrency, a native asset of the Hedera Network, through a trust that holds only HBAR and cash. Canary Capital Group LLC sponsors the trust, and the ETF aims to offer exposure to HBAR by following the CoinDesk Hedera USD CCIX 30min NY Rate for pricing. The SEC is seeking public comments on this proposal to evaluate whether it complies with federal regulations and effectively prevents fraud and manipulation.

The President issued a memorandum to various government officials focusing on preventing illegal immigrants from receiving Social Security benefits. Section 1 of the memorandum calls for strict measures to ensure ineligible individuals do not receive these benefits, including expanding a fraud prosecutor program and addressing issues noted in a 2023 audit. The audit highlighted missing records of deceased individuals and potential identity theft. Section 2 states that the memorandum should not interfere with existing laws or create any new legal rights.

The U.S. Department of Education has issued a notice about changes to a system of records called the "Enterprise Data Management and Analytics Platform Services" (EDMAPS). This system collects and analyzes data from various Federal Student Aid sources to assist in managing student aid throughout its lifecycle. The changes include clarifications on legal authorities, updates to the system's purposes, and modifications to categories of records and routine uses of information to help prevent and investigate fraud. The updates are open for public comment until February 3, 2025, before they become official.

The Employment and Training Administration, part of the U.S. Department of Labor, has announced a new schedule for calculating Federal military wages for unemployment claims under the UCX program. This schedule will be used by states to determine military wages for first-time unemployment claims starting January 1, 2025. If there is no Certificate of Release or Discharge from Active Duty (DD214) on file, states will rely on this schedule for processing these claims. The schedule must be used for claims filed on or after the specified date, while previous schedules apply to claims filed before then.