Search Results for keywords:"fraud prevention"

The Securities and Exchange Commission (SEC) has announced that the Cboe BZX Exchange, Inc. has proposed a rule change to list and trade shares of the Bitwise XRP ETF under its Commodity-Based Trust Shares rules. The ETF aims to track the performance of XRP, a digital asset used for fast and low-cost cross-border payments. The proposal is designed to prevent fraud and manipulation while protecting investors, mirroring previous approvals for similar ETFs based on Bitcoin and Ethereum. The SEC is currently seeking public comments on this proposal before deciding on its approval.

The Defense Finance and Accounting Service of the Department of Defense has announced a proposed collection of public information in line with the Paperwork Reduction Act of 1995. They are seeking public comments on whether this information collection is necessary and if it can be improved. This collection involves gathering signatures and details needed to process death gratuity payments to designated beneficiaries or next-of-kin of deceased service members. Public comments must be submitted by April 1, 2021, through the official eRulemaking Portal.

The New York Stock Exchange LLC has proposed a rule change to Rule 7.32 regarding order entry size limitations for Issuer Direct Offering (IDO) Orders. This change would allow the Exchange to accept IDO Orders without applying the usual size limits. The proposal is designed to ensure that IDO Orders can meet the quantity requirements outlined in the issuer's prospectus, as required by Rule 7.31(c)(1)(D)(iii). The Securities and Exchange Commission is inviting comments on this proposal, which has taken immediate effect while still allowing for a review period.

In Executive Order 14247, the U.S. President outlines plans to modernize government payment systems by eliminating paper checks and transitioning to electronic payments, starting on September 30, 2025. This change aims to reduce costs, fraud, and inefficiencies while increasing the security of federal payments. The order mandates that all federal payments, including benefits, tax refunds, and vendor payments, be processed electronically, with exceptions for certain situations like emergencies or national security. The Secretary of the Treasury, along with other agencies, is tasked with ensuring a smooth transition by supporting affected individuals and promoting public awareness of the new system.

The Securities and Exchange Commission has released a notice that the Cboe BZX Exchange, Inc. is proposing a rule change to allow the listing and trading of shares of the Canary XRP Trust under BZX Rule 14.11(e)(4). The proposal aims to list these shares, which are linked to the digital asset XRP, on a regulated exchange. The document also discusses the measures in place to prevent fraudulent activities, while ensuring investor protection by exposing U.S. investors to XRP through a regulated, exchange-traded product. The public is invited to comment on this proposal to ensure adherence to the rules governing fair and transparent markets.

The Federal Communications Commission (FCC) is introducing a new computer matching program with the Colorado Governor's Office of Information Technology to verify eligibility for programs like Lifeline and the Affordable Connectivity Program (ACP). These programs offer discounts on broadband and voice services to low-income individuals. The program will check if applicants are enrolled in benefits like SNAP and Medicaid, using data shared between various agencies. This verification aims to ensure only eligible individuals receive these discounts while reducing fraud.

The Federal Communications Commission (FCC) announced the re-establishment of a computer matching program in collaboration with the Universal Service Administrative Company (USAC) and the Nevada Department of Health and Human Services. This program aims to help determine the eligibility of applicants and subscribers for the Universal Service Fund (USF) Lifeline program, which provides discounted broadband and voice services for low-income individuals. It specifically checks if applicants or subscribers in Nevada are enrolled in the Supplemental Nutritional Assistance Program (SNAP) or Medicaid. This initiative is part of efforts to improve the efficiency of the Lifeline program and reduce waste, fraud, and abuse.

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) 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 Federal Communications Commission (FCC) is asking for public comments on an information collection effort as part of their work to ease paperwork burdens, required by the Paperwork Reduction Act of 1995. This collection concerns rules around how entities can get reimbursed for costs relating to the relocation of TV broadcasters due to the repacking process and reverse auction, as outlined by laws like the Spectrum Act and RAY BAUM'S Act. Interested parties should submit their comments by February 10, 2025. This process is intended to prevent financial strain on entities by allowing them to draw funds as they incur expenses, ensuring accountability and minimizing fraud.