Search Results for keywords:"fraud prevention"

The Federal Communications Commission (FCC) is creating a new system of records called the Emergency Broadband Benefit Program, in compliance with the Privacy Act of 1974. The program offers discounts on broadband internet services and devices to eligible households, aiming to help those affected by COVID-19 or in financial need. The Universal Service Administrative Company (USAC) will manage the program, which will store various personal details about the participants, such as names, addresses, and eligibility status. The program will share this information with authorized entities for management, verification, and fraud prevention purposes.

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.

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.

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.

On January 24, 2025, NYSE Arca filed a proposed rule change with the Securities and Exchange Commission to list and trade shares of the Grayscale Solana Trust, which deals with Solana cryptocurrency, under specific trading rules. This proposal aims to institute a new way for people to securely invest in Solana via a regulated exchange. The Grayscale Solana Trust, governed by a sponsor and custodian, is structured to prevent fraud and ensure fair pricing. The SEC is currently reviewing the proposal and seeking public comments to evaluate its compliance with regulations designed to protect investors and maintain market integrity.

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.

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.

NYSE Arca filed a proposed rule change with the Securities and Exchange Commission (SEC) to list and trade shares of the Bitwise Bitcoin and Ethereum ETF. This ETF, managed by Bitwise Investment Advisers, aims to provide exposure to bitcoin and ether based on their market capitalizations. The SEC will review this proposal within either 45 or 90 days to ensure compliance and fraud prevention. If the ETF is approved, it will trade under specific rules for monitoring, valuation, and trading halts on the NYSE Arca Exchange.

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 proclamation recognizes March 2 through March 8, 2025, as National Consumer Protection Week in the United States. During this week, the government emphasizes the importance of consumer rights, privacy, and transparency, and commits to protecting Americans from fraud and cyber security issues. The President also expresses support for broader transparency in prescription drug advertising and highlights the need for consumers to have honest and accurate information for making decisions. Citizens are encouraged to use resources provided by the Federal Trade Commission to stay informed and safeguard their financial and personal well-being.