FDA Issues Priority Review Voucher for LOARGYS (pegzilarginase-nbln)

The FDA announced issuance of a priority review voucher to Immedica Pharma AB for LOARGYS (pegzilarginase-nbln), approved February 23, 2026. The drug treats hyperargininemia in adults and pediatric patients 2 years and older with Arginase 1 Deficiency. The voucher was awarded under section 529 of the FD&C Act for rare pediatric disease products meeting specified criteria.

Amended Citizen Petition - Insulin Detemir Drug Shortage and Biosimilarity Guidance

Alliance to Protect Insulin Choice submitted amendments to its citizen petition requesting FDA to declare insulin detemir a medically necessary drug in shortage, provide guidance on demonstrating biosimilarity for withdrawn drugs, and permit 503B outsourcing facilities to compound the drug. The petition addresses access concerns following detemir's withdrawal from the U.S. market.

EPA Science Review CTV T36 Spinach Defensin Proteins

EPA's Office of Pesticide Programs released a science review for CTV T36 spinach defensin proteins under docket EPA-HQ-OPP-2025-0176. The document provides scientific evaluation of defensin proteins derived from spinach for potential use in plant protection products. Interested parties can access the full review via regulations.gov.

FINRA Appoints Four New Board Governors

FINRA announced the appointment of four new Governors to its Board of Governors: Rostin Behnam (former CFTC Chairman), Tim Carter (former Piper Sandler CFO), Dan Gallagher (Robinhood CLO and former SEC Commissioner), and Heather Traeger (General Counsel at Texas Teacher Retirement System). The new governors bring diverse expertise in financial services, regulation, industry leadership, and public pension management to FINRA's 22-member Board.

FINRA Orders American Portfolios Financial Services to Pay $4.6M Restitution

FINRA ordered American Portfolios Financial Services to pay $4.6 million in restitution to approximately 85,000 customers affected by overcollection of fees and retention of undisclosed surplus interest in its bank deposit program between April 2018 and September 2022. The firm collected more than $3 million in aggregate fees beyond what its disclosed formula would have yielded, retained approximately $1.25 million in surplus interest, and was fined $550,000 for violations of FINRA and SEC rules.

FINRA Board approves five rule proposals under modernization initiative

FINRA's Board of Governors approved five rule proposals on March 4-5, 2026, as part of the FINRA Forward rule modernization initiative. The proposals address shortened exam waiting periods, electronic delivery of regulatory requests via FINRA Gateway, streamlined allocation approval requirements, alternative investment reconciliation adjustments, and arbitration procedure enhancements including arbitrator replacement processes.

FINRA Foundation Research on Social Media Investors and Fraud Risk

The FINRA Investor Education Foundation released research examining retail investors who use social media and follow finfluencers. The study, based on the 2024 National Financial Capability Study, found that social media is successfully engaging younger and previously underrepresented investors, but these investors exhibit elevated fraud risk. Among social media users targeted for fraud, 68-69% lost money versus 26-29% for non-users, despite answering only 42% of investment knowledge questions correctly while 63% rated their knowledge as high.

FINRA Launches Financial Intelligence Fusion Center for Cybersecurity Threat Sharing

FINRA announced the launch of the Financial Intelligence Fusion Center (FIFC), a secure portal for member firms to share cybersecurity and fraud threat intelligence and coordinate responses. The portal was piloted with a diverse group of member firms and is now available for all member firms to opt into. The initiative expands FINRA's existing resources for cybersecurity guidance and is part of the FINRA Forward program.

FCC Suspends Seven Convicted Criminals from Universal Service Fund Programs

The FCC Enforcement Bureau has suspended seven individuals with criminal convictions from participating in Universal Service Fund programs. The named individuals—Donatus Anyanwu, Shawn Clemmons, Kenneth Collura, John Comito, Charles Jones, Mark Whitaker, and Donna Woods—are barred from receiving USF funds through the Rural Health Care, E-Rate, and Lifeline programs. These enforcement actions follow criminal convictions and prohibit program participation.

South Africa Exits FATF Greylist After 32 Months

The FATF removed South Africa from its greylist on October 24, 2025, ending 32 months of increased monitoring that began in February 2023. South Africa completed all 22 Action Plan items, culminating in a successful on-site evaluation in July 2025. Going forward, South Africa must sustain its AML/CFT improvements and prepare for a mutual evaluation expected in the first half of 2026.