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The Securities and Exchange Commission (SEC) has approved a new rule proposed by NYSE American LLC to strengthen its listing standards for companies that conduct reverse stock splits. According to the rule, a company will face immediate suspension and delisting if it has executed one or more reverse stock splits with a cumulative ratio of 200 shares or more to one in the past two years, or if its reverse stock split makes it fall below existing listing requirements. The SEC believes this measure will help protect investors by ensuring that companies with financial difficulties do not unduly remain on the exchange by manipulating their stock prices through reverse stock splits. Companies affected by this rule still have the opportunity to challenge delisting decisions.

The Federal Communications Commission (FCC) has suspended Q Link Wireless LLC from the federal Lifeline program and all universal service support mechanisms following its conviction for defrauding the government. Q Link was found guilty of fraudulent activities, including wire fraud, theft of government funds, and submitting false claims to the Lifeline program. The suspension is effective immediately, and debarment proceedings are also being initiated, which may prevent the company from participating in these federal programs for at least three years. Q Link and any related parties can contest this decision within 30 days by providing supporting documents.

The Federal Communications Commission's Enforcement Bureau has suspended Issa Asad from the federal Lifeline program and other federal universal service support mechanisms due to fraud. Asad, the CEO of Q Link Wireless, admitted to defrauding the Lifeline program by submitting false claims, leading to him and his company benefiting unlawfully. Following his conviction, the Bureau will begin proceedings to debar Asad from future participation in these programs for at least three years. Anyone wishing to oppose this suspension can submit documentation within 30 days of receiving the notification.

An Executive Order issued on March 27, 2025, allows the Secretary of the Department of Veterans Affairs (VA) to suspend parts of a previous Executive Order for certain VA subdivisions. This change means employees in those subdivisions, who are represented by specific labor organizations, will now be covered by the Federal Service Labor-Management Relations Statute. The Secretary agrees with the President's view that the VA's primary function is related to national security, making it impractical to fully apply certain employment laws within the VA. The suspension is effective starting from its publication date.