More than 2.1 million eligible cash-advance customers are slated to receive PayPal payments after the agency challenged Cleo's marketing and cancellation practices.
The proposal could permit certain forms of self-custody and state trust company custody while changing audit and broker-dealer requirements, but no rule is final.
Why it matters: If adopted, the framework could widen custody choices and the crypto-related investment strategies available through regulated firms.
The proposed amendments would let advisers collect performance-based compensation from additional client categories, including regulated funds, potentially encouraging more private-market offerings.
Why it matters: Registered investment advisers could receive compensation tied to capital gains or appreciation from certain additional clients, including regulated funds.
The agency is asking whether advertising systems used by social media, search and marketplace platforms further scams—and whether its rules should change.
Why it matters: Readers can see the scale of reported losses, the platform practices under review and the range of possible outcomes while retaining the distinction between inquiry, evidence and final rule.
Source: Federal Trade CommissionNews date September 24, 2026