Intelligence Brief
California Adds a Way to Pull Stolen Crypto Back
Senate Bill 1208 lets the Attorney General ask a court to return stolen cryptocurrency, even when the perpetrators are overseas. The same press conference advised against crypto ATMs.
California's Banks Must Now Tell the FBI, and the Customer
AB 871 adds an IC3 report, a 48-hour notice and annual training to every elder-abuse report a California bank files, from January 2028
Five Became Ten
FINRA's proposed universal fraud delay doubled between the January notice and the version filed with the SEC. Firms briefed on the notice are briefed on a superseded number.
California Turns a Fraud Safeguard Into Law, Not a Checklist Item
Senate Bill 255 requires every county to mail a deed-and-mortgage alert within 30 days, closing a gap that used to depend on someone remembering to enroll
A New Line Into FINRA
The regulator's 2026 oversight report names a fraud-intelligence channel and a dedicated focus on Trusted Contact Persons
What H.R. 2478 Actually Does
The bill the House passed 414 to 2 reaches mutual fund redemptions through transfer agents. Most summaries of it describe bank withdrawals.
The Deletion Clock Started
California's data broker platform went live on 1 August. The enforcement case behind it shows why reducing exposure is the lever that exists, and prosecution is not.
A Guilty Plea Shows Exactly How Fraud Networks Outrun Bank Controls
A federal case out of Phoenix names the mechanism: convert the money before any hold can reach it
