Faruqi and Faruqi, LLP

06/17/2026

A growing legal battle could determine who regulates prediction markets in the United States.

The CFTC has joined Kalshi's lawsuit against Rhode Island, arguing that federally regulated event contracts fall under the Commission's exclusive authority—not state gambling laws.

With multiple states challenging prediction market operators, courts are being asked to decide where federal oversight ends and state authority begins.

Learn more: https://faruqilaw.com/blog/1233/cftc-moves-to-join-kalshis-suit-against-rhode-island-claiming-that-the-commission-has-exclusive-jurisdiction-over-prediction-markets/

06/17/2026

A new legal battle could have major implications for prediction markets.

The CFTC is backing Kalshi in its lawsuit against Rhode Island, arguing that federally regulated event contracts fall under federal oversight—not state gambling laws.

The outcome could help determine how much authority states have to restrict prediction market platforms in the future.

Learn more on our blog: https://faruqilaw.com/blog/1233/cftc-moves-to-join-kalshis-suit-against-rhode-island-claiming-that-the-commission-has-exclusive-jurisdiction-over-prediction-markets/

06/16/2026

A major shift in public company reporting could be on the horizon.

The SEC has proposed allowing public companies to file semiannual reports on a new Form 10-S instead of submitting three quarterly 10-Q reports each year.

The proposal is still under review, but if adopted, companies could move to one semiannual report and one annual report per fiscal year.

Learn more on our blog: https://faruqilaw.com/blog/1234/sec-takes-next-step-towards-semiannual-reporting-for-public-companies/

06/16/2026

The SEC is considering a major shift in public company reporting.

A new proposal would allow eligible companies to replace quarterly reports with semiannual filings, potentially reducing reporting burdens while changing how investors receive information.

The proposal is now open for public comment.

Learn more: https://faruqilaw.com/blog/1234/sec-takes-next-step-towards-semiannual-reporting-for-public-companies/

06/15/2026

Big change for crypto.

The SEC’s new guidance says that most crypto assets are not securities by themselves. While tokenized stocks and bonds remain subject to securities laws, many digital commodities, collectibles, and utility tokens may fall outside that framework.

The key takeaway? The Howey test still matters—and how a token is offered or sold can make all the difference.

Learn more on our blog: https://faruqilaw.com/blog/1232/sec-releases-new-guidance-on-digital-assets/

06/15/2026

Faruqi & Faruqi Appointed Sole Lead Counsel to Represent BlackRock TCP Capital Corp. Shareholders in Securities Class Action

https://faruqilaw.com/news/353/faruqi-faruqi-appointed-sole-lead-counsel-to-represent-blackrock-tcp-capital-corp-shareholders-in-securities-class-action/

On June 10, 2026, Judge Andre Birotte Jr of the Central District of California appointed Faruqi & Faruqi, LLP, as sole lead counsel in In Re BlackRock TCP Capital Corp Securities Litigation, Docket No. 2:26-cv-01102 (C.D. Cal. Feb 03, 2026). The BlackRock TCP Capital complaint filed in this class ac...

06/15/2026

The SEC has provided new guidance on how it views different types of digital assets.
From cryptocurrencies and NFTs to stablecoins and tokenized securities, the updated framework offers greater clarity on which assets may fall outside federal securities laws—and which remain subject to regulation.

The digital asset landscape continues to evolve.

Check our blog to learn more: https://faruqilaw.com/blog/1232/sec-releases-new-guidance-on-digital-assets/

06/11/2026

Faruqi & Faruqi Appointed Sole Lead Counsel to Represent Alight, Inc. Shareholders in Securities Class Action

Learn More 👉 https://faruqilaw.com/news/352/faruqi-faruqi-appointed-sole-lead-counsel-to-represent-alight-inc-shareholders-in-securities-class-action/

On June 4, 2026, Honorable April M. Perry of the Northern District of Illinois appointed Faruqi & Faruqi, LLP, as sole lead counsel in McCarty v. Alight, Inc. et al, Docket No. 1:26-cv-02924 (N.D. Ill. Mar 16, 2026).The Alight, Inc. class action law suit alleges that the Company and its executives v...

06/09/2026

Did you know that certain employees in New York may be entitled to paid time off to vote?

Voting is a fundamental right, and state law provides protections to help ensure work schedules don't stand in the way of participating in elections.

Knowing your rights matters.

06/09/2026

Roblox investors, take note.

Faruqi & Faruqi, LLP is investigating potential claims against Roblox Corporation and reminds investors of the August 7, 2026 deadline to seek the role of lead plaintiff in a federal securities class action.

The lawsuit alleges that Roblox made misleading statements regarding its growth potential and failed to disclose material information about slowing user growth and engagement.

If you purchased Roblox securities between October 30, 2025 and April 30, 2026 and suffered losses, you may have legal rights.

Join the action today: https://faruqilaw.com/case/roblox-corporation/