
A sourced digest of the twenty-two SEC, FDA, and FTC developments from October 20–26, 2026, with the parties, procedural status, money at issue, and the deadlines to calendar.
| Agency | Development | Status or amount | Next action |
|---|---|---|---|
| SEC | Fiscal year 2027 examination priorities (Oct. 23) | Eight focus areas for more than 34,000 registered entities, from adviser conflicts to Treasury clearing and tokenization | Map internal testing and document requests to the listed areas. 1 |
| SEC | TAG Associates LLC (Oct. 23) | Censured and fined $175,000 over custody-rule and identity-theft-program failures running from 2014 to 2026 | Penalty due within ten days; audit custody verification and Regulation S-ID procedures. 2 |
| SEC | Benjamin Conde (Oct. 21) | Proposed final judgment over a 2017 penny-stock manipulation; $2,778,821.69 in disgorgement and interest, plus a penny stock bar | Waiting on court approval; deemed satisfied by parallel criminal orders. 3 |
| SEC | Estate of Chirayu Vijay Patel (Oct. 20) | Settled charges over $10 million raised from more than 40 investors; $1,403,095.23 in disgorgement and interest | Waiting on court approval; no admission of the allegations. 4 |
| SEC | Terrance Berland and David Scalzo, Violet Defense Group (Oct. 20) | Settled charges over $13 million raised from 88 investors on inflated 2021 revenue projections; $100,000 penalty each | Waiting on court approval; injunction under Section 17(a)(2). 5 |
| SEC | Interval fund modernization proposal (Oct. 20) | Correction to the October 5 notice, Release Nos. 33-11444, 34-106534 and IC-36351, File No. S7-2026-34 | Comments close December 4, 2026. 6 |
| SEC | Supervisory memorandum with the French AMF (Oct. 20) | Information-sharing framework for advisers and funds; the SEC resumes processing registration applications from AMF-supervised managers | French managers with pending applications should expect processing to restart. 7 |
| SEC | Rules scheduled for Regulatory Flexibility Act review (Oct. 23) | Section 610 review list, File No. S7-2026-37, covering rules with significant impact on small entities | Comments close November 23, 2026. 8 |
| SEC | Transfer agent registrations (Oct. 22) | Notice of intent to cancel registrations of transfer agents believed to be out of business, Release No. 34-106697 | Cancellation any time after December 1, 2026. 9 |
| FDA | Hibsago (bepirovirsen), GSK (Oct. 20) | First antisense oligonucleotide approved for chronic hepatitis B; 24% of patients met the criteria to stop all therapy, against none on placebo | Companion diagnostic authorized; boxed warning for liver injury and low platelets. 10 |
| FDA | Prescription drug use-related software (Oct. 20) | Final guidance separating device-connected apps from standalone ones and fixing when software enters the label | Review app content against the promotional-labeling treatment. 11 |
| FDA | Awiqli (insulin icodec-abae), Novo Nordisk (Oct. 23) | First once-weekly insulin approved for patients aged 10 and older with type 2 diabetes | Prescribers and pharmacists to note the dosing difference from other insulins. Application is Novo Nordisk's, BLA 761326. 1213 |
| FDA | Cadmium action levels in food for children under two (Oct. 23) | Draft guidance setting action levels for cadmium in processed food for babies and young children, Docket FDA-2025-D-4023 | Comments close December 22, 2026. 14 |
| FDA | Preventive controls draft guidance, chapter 12 (Oct. 23) | New draft chapter on control of chemical hazards under the human food preventive controls rule, Docket FDA-2016-D-2343 | Comments close January 21, 2027. 15 |
| FDA | Mandatory cosmetics recalls (Oct. 23) | Final question-and-answer guidance on the agency's cosmetics recall authority, Docket FDA-2025-D-2246 | Test recall procedures against it. 16 |
| FDA | Neuroscience Advancement and Innovation Nexus (Oct. 22) | New program across the drug, biologic and device centers; first initiative covers Alzheimer's prevention | Watch for trial-design and endpoint guidance from the accelerator. 17 |
| FDA | Warning letters posted October 20 | Ten letters with issue dates from September 28 to October 14, including Baxter International, Olympus Medical Systems and Rohto Pharmaceutical | Screen supplier, contractor and client lists against the ten names. 18 |
| FDA | New dietary ingredient notifications (Oct. 20) | Final guidance on the identity and safety information an NDIN submission should carry | Check pending notifications against it. 19 |
| FTC | GovAssist LLC, Entry LLC and Scott Zuckerman (Oct. 22) | Suit filed in the District of Puerto Rico over passport sites that impersonated the government and carried fake reviews | Litigation pending; no relief ordered yet. 20 |
| FTC | Accelerated Debt Settlement Inc. and related entities (Oct. 22) | $106.8 million default judgment entered October 14; industry ban for seven companies and three individuals | Individual stipulated orders filed October 22. 21 |
| FTC | Publicis and LiveRamp (Oct. 23) | Analysis of the consent order published; five years of access, firewall and audit conditions on the $2.2 billion acquisition | Comments close November 23, 2026. 22 |
| FTC | Petition for rulemaking of Jason Plotzker (Oct. 21) | Petition seeking rules on price advertising by penny auction and pay-per-bid operators, Docket FTC-2026-1618 | Comments close November 20, 2026. 23 |
| Date | Item | Action |
|---|---|---|
| Oct. 27, 2026 | SEC Small Business Capital Formation Advisory Committee meeting | Attend, in Washington or by webcast. 28 |
| Oct. 30, 2026 | FTC petition for rulemaking of Malik Tony Singleton | Comment. 29 |
| Nov. 9, 2026 | FDA request for information on deceased donor islet cells | Comment. 30 |
| Nov. 15, 2026 | FDA advisory committee consumer representative nominations | Nominate, for first consideration. 31 |
| Nov. 20, 2026 | FTC petition for rulemaking of Jason Plotzker | Comment. 23 |
| Nov. 20, 2026 | FDA request for information on ibogaine trial design | Comment. 32 |
| Nov. 23, 2026 | FTC consent order in Publicis and LiveRamp | Comment. 22 |
| Nov. 23, 2026 | SEC section 610 rule review list | Comment, File No. S7-2026-37. 8 |
| Nov. 23, 2026 | FDA draft guidance on food traceability enforcement policy | Comment. 33 |
| Nov. 24, 2026 | FDA draft guidance on robotically-assisted surgical devices | Comment. 34 |
| Nov. 25, 2026 | FDA public meeting on reauthorization of the Biosimilar User Fee Act | Comment or attend. 35 |
| Nov. 30, 2026 | FTC Rule on Impersonation of Government and Businesses | Comment. 36 |
| Nov. 30, 2026 | FDA advisory committee scientific and technical member nominations | Nominate, for first consideration. 31 |
| Dec. 1, 2026 | SEC transfer agent registration cancellations | Listed agents still operating must tell the Commission before this date. 9 |
| Dec. 4, 2026 | SEC interval fund modernization and multiple share class proposal | Comment, File No. S7-2026-34. 6 |
| Dec. 6, 2026 | FDA public meeting on lot-level food traceability | Comment or attend. 37 |
| Dec. 7, 2026 | FTC and USDA agricultural equipment request for information | Comment. 38 |
| Dec. 7, 2026 | FDA direct final rule on nonclinical testing terminology | Comment on the companion proposed rule. 39 |
| Dec. 11, 2026 | FDA docket on the Rare Disease Framework Initiative | Comment. 40 |
| Dec. 14, 2026 | SEC cross-trading proposal | Comment. 41 |
| Dec. 22, 2026 | FDA draft guidance on cadmium action levels in food for children under two | Comment. 14 |
| Jan. 21, 2027 | FDA draft chapter 12 on control of chemical hazards | Comment. 15 |
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