U.S. District Court Judge Beth Bloom granted a CFTC Motion of Final Default Judgment for illegal, off-exchange precious metals transactions and futures commission merchant registration violations against Florida companies.

The NFA reminded Commodity Pool Operator and Commodity Trading Advisor members that an amendment to NFA Compliance Rule 2-46 that imposes a $200 late fee for each business day after which the Member files its quarterly NFA Form PQR or PR after the due date is now in effect.

Representative Tom Rice (R-SC) introduced a bill that would allow certain regulated companies to elect out of the public utility property energy investment tax credit limitation in the case of solar energy property.

Senator Edward J. Markey (D-MA) introduced the Offshore Wind Incentives for New Development Act. The Act would expand the tax credit for investment in energy property to include qualified offshore wind properties.

The IRS reminded taxpayers who have one or more bank or financial accounts located outside of the United States, or taxpayers who have signature authority over such accounts, that they might be required to file an FBAR by June 30, 2016.