UFP Technologies Cybersecurity Incident Disclosure
UFP Technologies filed a Form 8-K with the SEC disclosing a cybersecurity incident pursuant to Regulation S-K Item 1.05. The disclosure notifies investors of a material cybersecurity event that has occurred at the company. As a public company, UFP Technologies is subject to SEC cybersecurity disclosure requirements that mandate timely reporting of material cybersecurity incidents.
Bank of England Section 3(a)(9) No-Action Letter
The SEC Division of Corporation Finance issued a no-action letter regarding the Bank of England's bail-in resolution mechanism. The Division addressed whether exchanging Bail-In Securities for interim securities known as PROPPs, and subsequently exchanging those PROPPs for ordinary shares, constitutes an offer and sale of securities requiring registration under the Securities Act. The Division will not recommend enforcement action if firms exchange Bail-In Securities for non-transferable PROPPs and subsequently exchange those PROPPs for ordinary shares without registration, in reliance on counsel's opinion that the exemption under Section 3(a)(9) is available.
Extension of Regulation 14C and Schedule 14C Information Collection Under OMB Control No. 3235-0057
The SEC published a notice seeking public comments on extending OMB Control No. 3235-0057 for Regulation 14C and Schedule 14C under the Paperwork Reduction Act. Regulation 14C (17 CFR 240.14c-1 through 14c-7) sets requirements for information statements that issuers who do not solicit proxies must provide to security holders. The SEC estimates 149.74 hours per response with 354 annual respondents, totaling 39,756 hours of annual reporting burden and $7,951,194 in external professional costs.
SEC Form ADV-H Extension Requested for OMB Review
SEC Form ADV-H Extension Requested for OMB Review
SEC Orders Second Disbursement of $17,266 to Poloniex Investors
The SEC has ordered the transfer of $17,266.07 from the Poloniex Fair Fund to the escrow account at The Huntington National Bank for distribution to investors. This is the second disbursement; a prior order distributed $4,584,409.75. The remaining balance in the Fair Fund is $6,533,379.53, with a reserve of $319,034.38 for taxes and administrative costs. The disbursement will compensate claimants not included in the initial distribution who have since cured or filed their claims.
Third Extension Order, Fair Fund Distribution
The SEC issued a third extension order granting the Division of Enforcement until July 31, 2026, to submit a Proposed Plan of Distribution for the $105,481,755.94 Fair Fund established in connection with settled cease-and-desist orders against VTB Capital plc and Credit Suisse Group AG. The extension is needed to complete development of the distribution methodology. The underlying 2021 orders resolved FCPA violations involving an offering fraud with Mozambican state-owned entities from 2013-2016.
SEC Final Consent Judgment Against Christopher Joseph Bongiorno for Securities Fraud and Unregistered Broker Activity
The SEC obtained a final consent judgment against Christopher Joseph Bongiorno in the Northern District of Ohio on April 7, 2026. Bongiorno was found liable for defrauding investors through cold-calling solicitations for US Lighting Group and Petroteq Energy securities between September 2015 and November 2018, receiving over $2.3 million in gross commissions and misappropriating $30,000 from two investors. The judgment permanently enjoins Bongiorno from securities violations and acting as a broker, with a five-year prohibition on soliciting investors to purchase securities.
Statement Regarding Staff No-Action Letter to Bank of England
The SEC Division of Corporation Finance issued a no-action letter to the Bank of England regarding application of Securities Act of 1933 registration requirements when the Bank exercises statutory bail-in powers over failing U.K. banks or regulated investment firms. The Division will not recommend enforcement action for securities exchanges under Section 3(a)(9) in connection with the Bank of England's bail-in mechanism. SEC Chairman Paul S. Atkins instructed the Division to prepare a rulemaking recommendation for a potential broader exemption from Securities Act registration requirements for regulatory bail-in securities.