Friday - May 10, 2024
Federal Regulatory Agencies

News releases, reports, statements and associated documents from federal regulatory agencies ranging from the Securities Exchange Commission to the Commodities Futures Trading Commission

Featured Stories

Litigation: SEC Vs. Red Rock Secured, Sean Kelly, Anthony Spencer, Jeffrey Ward
WASHINGTON, May 8 -- The Securities and Exchange Commission issued the following litigation release (No. 2:23-cv-3682-RGK-PVC; C.D. Cal. filed May 15, 2023) involving Red Rock Secured LLC, Sean Kelly, Anthony Spencer, and Jeffrey Ward:

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SEC Obtains Final Judgment Against Red Rock Secured, Three Executives in $50 Million Scheme Targeting Retirement Account Holders

SEC Obtains $76 million Judgement Against Red Rock Secured and Executives Who Schemed to Defraud Retirement Account Holders

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On April 23, 2024, the United States District Court for the Central District of California entered ... Show Full Article

Litigation: SEC Vs. Magna Group, Magna Equities II, MG Partners, Joshua Sason, Marc Manuel
WASHINGTON, May 8 -- The Securities and Exchange Commission issued the following litigation release (No. 19-cv-1459; S.D.N.Y filed Feb. 15, 2019) involving Magna Group LLC, Magna Equities II LLC, MG Partners Ltd, Joshua Sason, Marc Manuel:

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SEC Obtains Final Judgments Against Participants in Illegal Microcap Securities Offerings

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On May 2, 2024, the U.S. District Court for the Southern District of New York entered final consent judgments against two individuals and their related businesses that participated in illegal microcap securities offerings. Entry of the judgments, and the ... Show Full Article

Federal Election Commission: PoliticalMeetings.com
WASHINGTON, May 8 -- The Federal Election Commission issued the following advisory opinion document (No. AOR 2024-03) on May 7, 2024:

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On May 1, 2024, the Commission considered an advisory opinion request from PoliticalMeetings.com, LLC (PM.com).

The request asked whether the company may establish a system allowing its service subscribers to make small, monthly contributions to participating candidates and national political parties. The recipient committees would be required to provide PM.com non-public information about their meetings, including links to fundraisers (including links to ... Show Full Article

FLRA Issues Decision Regarding VA, Veterans Health Administration, American Federation of Government Employees, National Veterans Affairs Council
WASHINGTON, May 8 -- The Federal Labor Relations Authority issued the following decision (Case No. 0-AR-5834) on May 6, 2024:

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Before the Authority: Susan Tsui Grundmann, Chairman, and Colleen Duffy Kiko, Member

I. Statement of the Case

The Union filed a grievance alleging the Agency violated a past practice by not allowing employees in firefighter positions to satisfy Agency training and accreditation requirements with state-accredited certification training. Arbitrator A. Martin Herring found the grievance procedurally arbitrable under the parties' collective bargaining agreement (CBA), ... Show Full Article

FCC Wireline Competition Bureau Issues Public Notice: Network Change Notification Filed By Verizon N.Y.
WASHINGTON, May 8 -- The Federal Communications Commission's Wireline Competition Bureau issued the following public notice (WC Docket No. 24-139) on May 7, 2024:

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Re: Network Change Certification Received

Verizon New York Inc. (Verizon), an incumbent local exchange carrier (LEC), has filed certification that public notice of network change(s) has been provided through its publicly accessible Internet site, as required by section 51.329(a)(2) of the rules of the Federal Communications Commission (FCC or Commission)./1 Upon initial review the filing appears to be complete./2 Specific network ... Show Full Article

FCC Media Bureau Issues Public Notice on Independent Programming Notice of Proposed Rulemaking Comment Dates
WASHINGTON, May 8 -- The Federal Communications Commission's Media Bureau issued the following public notice (MB Docket No. 24-115) on May 7, 2024:

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On April 19, 2024, the Commission released a Notice of Proposed Rulemaking seeking comment on the current state of the marketplace for diverse and independent programming and the obstacles faced by independent programmers seeking carriage on multichannel video programming distributors and online platforms./1

The NPRM set deadlines for filing comments and reply comments at 30 and 60 days, respectively, after publication of the NPRM in the Federal ... Show Full Article

FCC Commissioner Simington Issues Dissent on Safeguarding, Securing He Open Internet, Restoring Internet Freedom
WASHINGTON, May 8 -- The Federal Communications Commission issued the following dissent on May 7, 2024, by Commissioner Nathan Simington on an action entitled "Safeguarding and Securing the Open Internet and Restoring Internet Freedom, Declaratory Ruling, Order, Report and Order, and Order on Reconsideration" (WC Docket Nos. 23-320, 17-108).

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Net neutrality is one of those catchphrases that tricks you into thinking that there is no other side of the argument. Who, after all, would support net non-neutrality? Who would support net discrimination? That sounds almost like opposing milk for ... Show Full Article