Spain's National Commission on Markets and Competition (CNMC) has approved two methodologies for assessing cybersecurity risks and classifying attacks on electricity networks, a step toward identifying the companies that will face additional security requirements under European Union rules.
BG Wealth Sharing promised investors they could double their money in 40 days. The company claimed its cryptocurrency trading signals were accurate 99.6% of the time and that investors faced no risk of losing their money. It also claimed to be the world's largest hedge fund, with the credentials of a registered investment adviser to support its business.
The addresses were in California. The people assigned to them were dead, and according to federal investigators, none had lived at those addresses before their deaths. The Federal Communications Commission said that Boomerang Wireless apparently used the false addresses to enroll hundreds of deceased individuals in Lifeline, a federal program that subsidizes phone and internet service for low-income Americans. The agency proposed a $4,401,666 fine against the company, citing the enrollments, reimbursement requests and apparent wire fraud violations.
Bond market volatility increased toward the end of September, while sovereign and corporate bond spreads widened. For Europe's insurers and occupational pension funds, the movements added to concerns about borrowing costs, asset valuations and the possibility of a broader market correction.
The UK's Financial Reporting Council has revised two auditing standards governing how auditors consider possible breaches of laws and regulations, replacing a more procedural approach with one that places greater weight on the risks identified during an audit.
Thailand's December review of the SET50 Index will determine which companies must comply first with the country's new sustainability reporting requirements. Those included in the index will be required to disclose information covering 2027 under international standards, with their first reports scheduled for 2028.
The Securities and Exchange Commission has more than 34,000 registered entities within the reach of its examination program. For fiscal year 2027, the agency has identified private credit, investment adviser conflicts, cybersecurity and emerging technologies among the areas where it intends to concentrate its attention.
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