US Federal

SEC Obtains Default Judgment Against Bluesky Eagle Capital Management Ltd

The SEC has obtained a final default judgment against Bluesky Eagle Capital Management Ltd. for making misrepresentations in its Form ADV filing. The judgment includes a permanent injunction and a civil penalty of $1,182,254.

SEC charges North Texas brothers in real estate fraud

The SEC has charged two brothers and their companies in North Texas for allegedly conducting a real estate offering fraud, raising over $12 million through misrepresentations. The SEC seeks permanent injunctions, disgorgement, and civil penalties.

SEC v. Cutter Financial Group, LLC and Jeffrey Cutter - Investment Adviser Fiduciary Duty Breaches

The SEC announced a final judgment against investment adviser Jeffrey Cutter and Cutter Financial Group, LLC for breaches of fiduciary duties. The judgment orders civil penalties totaling $150,000 and requires client notification and injunctions against future violations.

Audit of Federal Prison Industries Financial Statements FY 2025

The Department of Justice's Office of the Inspector General has released an audit report for the Federal Prison Industries, Inc. (FPI) financial statements for Fiscal Year 2025. The report, number 26-028, was posted on February 19, 2026, and includes two recommendations.

USITC Investigates USMCA Automotive Rules of Origin Impact

The U.S. International Trade Commission (USITC) has initiated a factfinding investigation into the impact of USMCA automotive rules of origin on the U.S. economy and competitiveness. This is the third in a series of required reports, with input being sought from interested parties.

Defense Production Act Mobilized for Phosphorus and Glyphosate

President Trump has mobilized the Defense Production Act to ensure the domestic supply of elemental phosphorus and glyphosate-based herbicides. The Executive Order delegates authority to the Secretary of Agriculture to require contract performance and allocate materials to protect national security and agricultural strength.

FTC Requires Boeing to Divest Spirit AeroSystems Assets

The FTC has finalized a consent order requiring Boeing to divest certain Spirit AeroSystems assets as part of its $8.3 billion acquisition. This action resolves antitrust concerns raised by the FTC regarding the merger. The final order was issued on February 17, 2026.

GAO Report: ICBM Modernization Faces Critical Risks and Opportunities

A GAO report highlights critical risks and opportunities in the Air Force's Sentinel ICBM modernization program. The report notes delays in the missile's first flight, software development challenges, and the need for improved risk management, while also identifying opportunities for cost reduction and schedule mitigation.

GAO Report on Alaska Tribes' Jurisdiction and Funding Clarity

The GAO released a report highlighting confusion among Alaska Tribes regarding concurrent criminal jurisdiction and eligibility for federal public safety funding. The report recommends the Bureau of Indian Affairs clarify its positions on jurisdiction and establish criteria for new funding agreements to improve transparency.

GAO Report on NIST IP Guidance and Drug Pricing

A GAO report analyzes draft guidance from NIST on exercising march-in rights under the Bayh-Dole Act, specifically considering product price as a factor. The guidance, still in draft as of December 2025, received significant public support for potentially lowering drug prices, though concerns exist about its impact on innovation.