Search Results for keywords:"fraud prevention"

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 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.

On February 4, 2025, Nasdaq PHLX LLC filed a proposal with the Securities and Exchange Commission (SEC) to introduce Nasdaq Bitcoin Index Options, which will track the price of bitcoin using the CME CF Bitcoin Real Time Index. These options will be cash-settled and follow European-style exercise rules, allowing investors to receive U.S. dollars based on the difference between the current bitcoin spot market price and the option's exercise price. The proposal aims to offer investors a new, flexible way to manage their investments related to bitcoin, and it will be subject to existing Exchange trading rules, including surveillance measures to prevent fraudulent activities. The SEC is seeking public comments on this proposal before making a decision.

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 asking for public comments about their information collection efforts as part of reducing paperwork, in line with the Paperwork Reduction Act of 1995. This includes feedback on the necessity and accuracy of the FCC's data collection, how to improve the process, and how to lessen its burden on small businesses. The information collection focuses on the E-Rate program, which helps schools and libraries receive discounts on communication services. The FCC has revised the forms used in this program to ensure compliance and prevent fraud, increasing the expected public burden to 195,615 hours annually.

The Presidential Memorandum titled “Preventing Illegal Aliens from Obtaining Social Security Act Benefits” directs various government officials to ensure that taxpayer-funded benefits are only given to eligible individuals, not those who are in the country illegally. It outlines several actions, such as expanding programs to prevent fraud and requiring cooperation among agencies to improve integrity measures. The memorandum emphasizes identifying and stopping improper payments, particularly in cases of identity theft or fraud involving Social Security benefits. It also instructs the Commissioner of Social Security to publish the memorandum in the Federal Register.

The Department of Defense, General Services Administration, and NASA issued a final rule altering the Federal Acquisition Regulation. This change aligns with the National Defense Authorization Act for Fiscal Year 2016, requiring individual sureties to pledge specific U.S. Government-backed assets as security for bonds, enhancing the protection against default. Public comments showed strong support for the rule, citing its benefits in fraud prevention and protection of subcontractors and suppliers in federal construction projects. The rule also aims to streamline the procurement process without significantly impacting small businesses' access to bonding.

The Securities and Exchange Commission (SEC) received a proposed rule change from NYSE Arca, Inc. to list and trade shares of the Grayscale Dogecoin Trust. This trust aims to offer a simpler way for people to invest in Dogecoin through trading shares, without directly dealing with the cryptocurrency. The process ensures transparency by using a dependable pricing index and includes several safety measures to prevent fraud and manipulation. The SEC has invited public feedback on this proposal to help decide if it should be approved.

The Securities and Exchange Commission (SEC) is considering a proposal by NYSE Arca to list and trade shares of the Bitwise 10 Crypto Index Fund. This fund aims to invest in a portfolio of digital assets like Bitcoin and Ethereum, tracking the Bitwise 10 Large Cap Crypto Index. The SEC is seeking public comments on whether the proposal is consistent with rules designed to prevent fraud and protect investors. Interested parties can submit their views electronically or by mail by March 28, 2025.

The Securities and Exchange Commission (SEC) approved proposals from Nasdaq Stock Market LLC and Cboe BZX Exchange, Inc. to list and trade new Exchange-Traded Funds (ETFs) called the Hashdex Nasdaq Crypto Index US ETF and the Franklin Crypto Index ETF. These ETFs will hold both spot bitcoin and spot ether as their underlying assets. The SEC concluded that the exchanges have adequate measures to prevent fraud and manipulative practices, ensuring the safety and fairness of trading these shares. The approval of the Franklin ETF was expedited due to its similarities with previously approved ETFs.