
A sourced digest of the twenty-four SEC, FDA, and FTC developments from October 27 to November 2, 2026, with the parties, procedural status, money at issue, and the deadlines to calendar.
| Agency | Development | Status or amount | Next action |
|---|---|---|---|
| SEC | Treasury clearing relief for inter-affiliate and non-U.S. repo (Oct. 30) | Exemptive relief excludes two categories of repo from "eligible secondary market transactions," subject to limits and conditions | Broker-dealers should map repo desks and non-U.S. counterparties against the exclusions. 1 |
| SEC | Cboe Clear U.S., LLC (Oct. 27) | Order granting, as amended, temporary registration as a clearing agency under Section 17A | Watch for the permanent registration step and for rulebook changes at the clearinghouse. 2 |
| SEC | Customer margin under Rule 15c3-3 (Oct. 28) | Conditional exemptive relief on the treatment of customer margin under Item 13 and Note F of Exhibit A to the customer protection rule | Firms relying on it must meet the stated conditions; review the reserve-formula computation. 3 |
| SEC | Blox Lending, Jason R. Anderson, Digital Licensing (DEBT Box), Schad Brannon, Roydon Nelson (filed Oct. 28) | Complaint alleges at least $200 million raised from more than 100,000 investors; consents filed for three defendants | Court approval of the consents; Anderson and Blox litigate. 4 |
| SEC | BG Wealth Sharing Ltd and DSJ Exchange Pty Ltd (filed Oct. 29) | Complaint alleges more than $130 million raised using false Form ADV and Form D filings as proof of SEC approval; no registration | Litigation pending in the Northern District of California; relief sought, not ordered. 5 |
| SEC | Cary Edward Urich, United Planners' Financial Services (Oct. 29–30) | Urich consented to a two-year adviser bar and a $100,000 penalty over leveraged and inverse ETFs; his firm was censured and fined $600,000 | Court approval of Urich's judgment; United Planners pays within the order's schedule. 67 |
| SEC | Snowden Capital Advisors LLC (Oct. 30) | Censured over undisclosed margin markups and cash-sweep revenue sharing; $364,590.30 in disgorgement, interest and penalty | Audit arrangements where an affiliated broker-dealer is paid by the clearing firm. 8 |
| SEC | Bran Crudden and Transparent Equity Entrepreneurs LLC (filed Oct. 29) | Settled; $910,577 in total monetary relief over about $645,000 raised from 23 investors | Court approval of the consent judgments. 9 |
| SEC | Section 12(j) revocations: Ironstone Properties (IRNS, Oct. 28), Ecomax (EMAX, Oct. 29) | Registration of both companies' securities revoked by settlement | No further filing obligation for the two issuers; confirm any position and quotation status. 1011 |
| SEC | Newell Brands Inc. and Michael B. Polk (Oct. 29) | Order approving an amended plan of distribution for the fair fund | Check eligibility and claim mechanics if you were a harmed shareholder. 12 |
| FDA | Infant formula nutrient requirements (Nov. 2) | Proposed rule changing limits for iodine, vitamin A, vitamin D and manganese; 91 FR 69040, Docket FDA-2026-N-10832 | Comments close March 2, 2027; reformulation and relabeling costs land on manufacturers. 13 |
| FDA | Voceryq (doruxapapogene ralaplasmid and lalikinogene sifuplasmid-gxfd), Inovio Pharmaceuticals (Oct. 30) | Accelerated approval for adults with recurrent respiratory papillomatosis; 27% of evaluable patients needed no surgery in the first year | Post-approval trial required to confirm benefit; label and instructions cover the electroporation delivery device. 14 |
| FDA | Individualized human genome editing products (Oct. 28) | Draft guidance on BLA submission and post-approval management for products made for one patient; Docket FDA-2026-D-11783 | Comments close November 27, 2026. 15 |
| FDA | Essential drug delivery performance characteristics (Oct. 30) | Revised draft guidance replacing the July 2024 draft on essential drug delivery outputs | Comments close January 28, 2027. 16 |
| FDA | U.S.-origin statements on seafood (Oct. 27) | Draft guidance with examples of origin claims the agency would treat as truthful and not misleading | Comments close December 28, 2026. 17 |
| FDA | Electronic submission template for IDE applications (Oct. 28) | Draft guidance for sponsors filing investigational device exemptions with CDRH and CBER | Comments close December 28, 2026. 18 |
| FDA | Four device classifications (Oct. 30) | Class II with special controls: over-the-counter sleep apnea risk device, spinal imaging system for neuraxial procedures, radiology software flagging fibrotic lung disease, software-aided skin cancer lesion diagnostic | Orders effective October 30, 2026; the special controls are the submission checklist for the four device types. 1920 |
| FDA | Priority review voucher notices (Oct. 28) | Rare pediatric disease vouchers issued for Emcitate (tiratricol) and Atebrioz (zilurgisertib); Bixlenvo (bictegravir and lenacapavir) approved using a material threat countermeasure voucher | Vouchers are transferable assets; confirm holder and any sale. 212223 |
| FDA | Ten warning letters posted October 27 | Issue dates from August 26 to October 23; centers include CDER, CBER, CDRH and the Human Foods Program | Screen supplier and contractor lists against the ten names. 24 |
| FTC | Toast Inc. and affiliated entities, with California and seven states (Oct. 29) | Suit filed in the Northern District of California over hidden fees, subscription traps and unsupported 24/7 support claims; no amount stated in the announcement | Litigation pending; Commission vote 2-0. 25 |
| FTC | Section 6(b) orders on personalized pricing and compensation (Oct. 28) | Orders to Delta, United, JetBlue, Lyft, Uber, DoorDash, Instacart, Target and Walmart | Recipients have 45 days from receipt to respond; no fixed calendar date. 26 |
| FTC | Warning letters to 25 healthcare plan marketers and lead generators (Oct. 29) | Letters identify claims that may violate the FTC Act; they allege no wrongdoing | Recipients should review advertising for major-medical and cost claims. 27 |
| FTC | Impersonation enforcement highlights (Oct. 29) | 14 enforcement actions and more than $80 million in redress since the rule took effect; 19 FTC-imposter websites removed | Civil penalties run to $53,088 per violation. 28 |
| FTC | PlayPower and Platinum Equity abandon BCI Burke acquisition (Oct. 27) | Deal dropped after the FTC and a dozen states sued to block it last week | The two companies stay separate; no compliance step follows. 29 |
| Date | Deadline | Action |
|---|---|---|
| Nov. 3, 2026 | SEC Transfer Agent Rules | Comment. 34 |
| Nov. 9, 2026 | FDA request for information on deceased donor islet cells | Comment. 35 |
| Nov. 15, 2026 | FDA advisory committee consumer representative nominations | Nominate. 36 |
| Nov. 20, 2026 | FTC petition for rulemaking of Jason Plotzker | Comment. 37 |
| Nov. 20, 2026 | FDA request for information on ibogaine trial design | Comment. 38 |
| Nov. 23, 2026 | FTC consent order in Publicis and LiveRamp | Comment. 39 |
| Nov. 23, 2026 | SEC section 610 rule review list | Comment, File No. S7-2026-37. 40 |
| Nov. 23, 2026 | FDA draft guidance on food traceability enforcement policy | Comment. 41 |
| Nov. 24, 2026 | FDA draft guidance on robotically-assisted surgical devices | Comment. 42 |
| Nov. 25, 2026 | FDA public meeting on reauthorization of the Biosimilar User Fee Act | Comment or attend. 43 |
| Nov. 27, 2026 | FDA draft guidance on individualized human genome editing products | Comment, Docket FDA-2026-D-11783. 15 |
| Nov. 30, 2026 | FTC Rule on Impersonation of Government and Businesses | Comment. 44 |
| Nov. 30, 2026 | FDA advisory committee scientific and technical member nominations | Nominate, for first consideration. 36 |
| Dec. 1, 2026 | SEC transfer agent registration cancellations | Listed agents still operating must tell the Commission before this date. 45 |
| Dec. 4, 2026 | SEC interval fund modernization and multiple share class proposal | Comment, File No. S7-2026-34. 46 |
| Dec. 6, 2026 | FDA public meeting on lot-level food traceability | Comment or attend. 47 |
| Dec. 7, 2026 | FTC and USDA agricultural equipment request for information | Comment. 48 |
| Dec. 7, 2026 | FDA direct final rule on nonclinical testing terminology | Comment on the companion proposed rule. 49 |
| Dec. 11, 2026 | FDA docket on the Rare Disease Framework Initiative | Comment. 50 |
| Dec. 14, 2026 | SEC cross-trading proposal | Comment. 51 |
| Dec. 22, 2026 | FDA draft guidance on cadmium action levels in food for children under two | Comment. 52 |
| Dec. 28, 2026 | FDA draft guidance on U.S.-origin statements on seafood | Comment. 17 |
| Dec. 28, 2026 | FDA draft guidance on the electronic IDE submission template | Comment. 18 |
| Jan. 21, 2027 | FDA draft chapter 12 on control of chemical hazards | Comment. 53 |
| Jan. 28, 2027 | FDA revised draft guidance on essential drug delivery performance characteristics | Comment. 16 |
| Mar. 2, 2027 | FDA proposed rule on infant formula nutrient requirements | Comment, Docket FDA-2026-N-10832. 13 |
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