Federal Communications Commission Chairwoman Rosenworcel Statement on Introduction of Legislation to require Foreign Government Disclosures | site |
Rosenworcel Expresses Support for Identifying Propaganda on Our Airwaves Act
Information contained in Federal Communications Commission (FCC) press statement release dated: October 17, 2022
Washington, October 17, 2022 - - Federal Communications Commission Chairwoman Jessica Rosenworcel issued the following statement today after the Identifying Propaganda on Our Airwaves Act was introduced in the Senate and House of Representatives:
“The principle that the public has a right to know the identity of those who solicit their support is a fundamental and long-standing tenet of broadcasting,” said Chairwoman Rosenworcel. “Consumers deserve to trust that public airwaves aren’t being leased without their knowledge to foreign governments. I appreciate the leadership of Senators Schatz and Blackburn, a...
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FCC Chairwoman Rosenworcel Statement on Introduction of Legislation to require Foreign Government Disclosures
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FTC Chair and Commissioners Issue Unanimous Joint Statement
Federal Trade Commission Chair and Commissioners Issue Unanimous Joint Statement | site |
Information contained in Federal Trade Commission (FTC) press release dated: October 13, 2022
Today FTC Chair Lina M. Khan, and Commissioners Noah Joshua Phillips, Rebecca Kelly Slaughter, Christine S. Wilson, and Alvaro Bedoya unanimously issued a joint statement in response to an article in the Wall Street Journal regarding FTC ethics:
“The Federal Trade Commission is composed of dedicated, honest career civil servants who provide a vital service to protect Americans from unlawful business practices. As commissioners, we frequently disagree with one another about policy questions. But we stand behind our career staff. We demand compliance with the FTC’s ethics rules, set clear expectations of staff behavior, and swiftly refer any violations of these rules to the proper authorities.”
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Mark T. Uyeda Sworn In as U.S. Securities and Exchange Commission Commissioner
Mark T. Uyeda Sworn In as U.S. Securities and Exchange Commission Commissioner | site |
Information contained in U.S. Securities and Exchange Commission (SEC) press release dated: June 30, 2022 Washington D.C., June 30, 2022 - - The Securities and Exchange Commission today announced Mark T. Uyeda has been sworn into office as a Commissioner by Brian Johnson, Assistant Director of the Division of Investment Management's Rulemaking Office. Commissioner Uyeda was nominated by President Biden earlier this year and confirmed by the U.S. Senate on June 16. "I’m honored to welcome Mark to the Commission," said SEC Chair Gary Gensler. "Mark brings extensive experience in corporate and securities law, including the past 15 years as our colleague at the SEC. I look forward to working with him to advance our mission to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation." "I have the highest respe... -
Federal Trade Commission Launches Inquiry into Infant Formula Crisis
Federal Trade Commission Launches Inquiry into Infant Formula Crisis | site |
Agency Seeks Public Comment on Attempts to Deceive Families and Factors that May Have Contributed to the Ongoing Shortage of Infant Formula
Information contained in Federal Trade Commission (FTC) press release dated: May 24, 2022
Today, the Federal Trade Commission staff launched an inquiry into the ongoing shortage for infant formula that has caused hardship for countless American families. The inquiry seeks information about the nature and prevalence of any deceptive, fraudulent, or otherwise unfair business practices aimed at taking advantage of families during this shortage. It also aims to shed light on the factors that have led to concentration in the infant formula market and the fragility of the supply chains for these crucial products. FTC Chair Lina M. Khan released a statement in conjunction with... -
U.S. Securities and Exchange Commission Announces Eight New Investor Advisory Committee Members
U.S. Securities and Exchange Commission Announces Eight New Investor Advisory Committee Members | site |
Information contained in U.S. Securities and Exchange Commission (SEC) press release dated: June 1, 2022
Washington D.C., June 1, 2022 - - The Securities and Exchange Commission today announced eight new members to fill all vacancies on its Investor Advisory Committee. The new members join 15 current committee members. The committee, established under the Dodd-Frank Wall Street Reform and Consumer Protection Act, advises the Commission on regulatory priorities and various initiatives to help protect investors and promote the integrity of the U.S. securities markets. "The new members bring valuable experiences to the Investor Advisory Committee. I thank each of them for their willingness to serve, providing the Commission with important perspectives on behalf of investors," said SEC Chair Gary Gensler. "I also thank the Investor Advisory Committee's... -
U.S. Securities and Exchange Commission names Richard R. Best Director of Division of Examinations
U.S. Securities and Exchange Commission names Richard R. Best Director of Division of Examinations
| site |
Information contained in U.S. Securities and Exchange Commission (SEC) press release dated: May 24, 2022 Washington D.C., May 24, 2022 - - The Securities and Exchange Commission today announced the appointment of Richard R. Best as Director of the Division of Examinations, effective immediately. He has served as the Division's acting director since March 23, 2022. "I've valued Rich's judgment and counsel since I joined the SEC, and I'm thrilled he's agreed to lead the Division of Examinations," said SEC Chair Gary Gensler. "Our examinations program – acting as eyes and ears on the ground for the Commission - is critical for our capital markets to function well and keep the public's trust. Rich's experience leading three different SEC offices gives him perspective and relationships across the agency that will be invaluable to the Division." "The... -
Federal Communications Commission Announces Third Public Hearing on Broadband Consumer Labels
Federal Communications Commission Announces Third Public Hearing on Broadband Consumer Labels | site |
Information published in Federal Communications Commission (FCC) release dated: May 19, 2022
The FCC today announced the third of a series of virtual public hearings as part of its broadband consumer labels rulemaking proceeding. The hearing will take place May 25, 2022, at 1:30 p.m. ET and will be streamed free to the public at fcc.gov/live .
To view the Public Notice may be viewed at https://docs.fcc.gov/public/attachments/DA-22-556A1.pdf or press HERE
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Federal Communications Commission announces Tentative Agenda for May Open Meeting
Federal Communications Commission announces Tentative Agenda for May Open Meeting | site |
Information contained in Federal Communications Commission (FCC) press release dated: April 28, 2022
Washington, April 28, 2022 - - Federal Communications Commission Chairwoman Jessica Rosenworcel announced that the items below are tentatively on the agenda for the May Open Commission Meeting scheduled for Thursday, May 19, 2022:
Combatting Illegal Robocalls – The Commission will consider a Report and Order, Order on Reconsideration, and Further Notice of Proposed Rulemaking addressing foreign-originated and other illegal robocalls from multiple angles. (CG Docket No. 17-59; WC Docket No. 17-97)
Expanding Broadband Service Through the A-CAM Program – The Commission will consider a Notice of Proposed Rulemaking seeking comment on a proposal by the ACAM Broadband Coalition to achieve widespread deployment of 100/20... -
Federal Election Commission approves Advisory Opinion, Audit Division Recommendation Memorandum
Federal Election Commission approves Advisory Opinion, Audit Division Recommendation Memorandum | site |
Information contained in Federal Election Commission (FEC) press release dated: April 28, 2022
Washington - - At its open meeting today, the Federal Election Commission unanimously approved an advisory opinion and an Audit Division Recommendation Memorandum.
Advisory Opinion 2022-02 (Steube) The Commission approved Advisory Opinion 2022-02 in response to a request from Rep. W. Gregory Steube and Steube for Congress, concluding that the proposed use of campaign funds for the purchase and installation of a locking steel security gate as part of the residential security system as specifically recommended by the requestor’s county sheriff’s office, and more generally by the Office of the House Sergeant at Arms, is permissible under the Federal Election Campaign Act of 1971, as amended (the Act,) and Commission regulations. ... -
U.S. Securities and Exchange Commission Nearly Doubles Size of Enforcement’s Crypto Assets and Cyber Unit
U.S. Securities and Exchange Commission Nearly Doubles Size of Enforcement’s Crypto Assets and Cyber Unit | site |
Information contained in U.S. Securities and Exchange Commission (SEC) press release dated: May 3, 2022 Washington D.C., May 3, 2022 - - The Securities and Exchange Commission today announced the allocation of 20 additional positions to the unit responsible for protecting investors in crypto markets and from cyber-related threats. The newly renamed Crypto Assets and Cyber Unit (formerly known as the Cyber Unit) in the Division of Enforcement will grow to 50 dedicated positions. "The U.S. has the greatest capital markets because investors have faith in them, and as more investors access the crypto markets, it is increasingly important to dedicate more resources to protecting them," said SEC Chair Gary Gensler. "The Division of Enforcement’s Crypto Assets and Cyber Unit has successfully brought dozens of cases against those seeking to take a... -
Federal Trade Commission Enforces New Made in USA Rule against Lithionics and Owner Steven Tartaglia for Falsely Labeling Foreign-Made Batteries as American
Federal Trade Commission Enforces New Made in USA Rule against Lithionics and Owner Steven Tartaglia for Falsely Labeling Foreign-Made Batteries as American | site |
Order Requires Lithionics Battery LLC And Tartaglia To Pay Civil Penalty, Notify Consumers, and Stop Making Bogus Made in USA Claims
Information contained in Federal Trade Commission press release dated: April 13, 2022
The Federal Trade Commission (FTC) today used its authority under the Made in USA Labeling Rule, which took effect on Aug. 13, 2021, to bring a complaint against Lithionics Battery LLC and its owner, Steven Tartaglia for illegally misrepresenting that its lithium ion cells are made in the United States. The FTC’s complaint alleges that, since at least 2018, Lithionics has falsely labeled its battery products with an American flag image surrounded by the words “Made in U.S.A.,” often accompanied by the statement “Proudly Designed and Built in USA,”... -
U.S Department of Agriculture Announces Intent to Establish Subcommittee on Rural Community Economic Development for its Equity Commission
U.S Department of Agriculture Announces Intent to Establish Subcommittee on Rural Community Economic Development for its Equity Commission | site |
USDA also seeks nominations for subcommittee
Information contained in U.S. Department of Agriculture press release dated: April 7, 2022
Washington, April 7, 2022 - - The U.S. Department of Agriculture (USDA) today announced it will establish a Rural Community Economic Development (RCED) Subcommittee as part of the recently launched Equity Commission. Nominations and applications for membership to the RCED Subcommittee are due on May 6.
The Federal Register Notice is another important step towards fully implementing President Biden’s commitment to create an Equity Commission and the American Rescue Plan Act provision that directs USDA to “address historical discrimination and disparities in the agriculture sector… [through] one... -
Federal Election Commission approves three Notices of Disposition on Petitions for Rulemaking
Federal Election Commission approves three Notices of Disposition on Petitions for Rulemaking| site |
Information contained in Federal Election Commission (FEC) press release dated: March 24, 2022
Washington - - At its open meeting today, the Federal Election Commission approved three Notices of Disposition in connection with petitions for rulemaking.
REG 2012-01 (Electioneering Communications Reporting) - Draft Notice of Disposition Prior to the meeting, on March 21, the Commission approved by tally vote the Notice of Disposition of a Petition for Rulemaking by the Center for Individual Freedom. The Commission decided not to initiate a rulemaking in response to the petition, which asked that the Commission revise two regulations on the reporting of electioneering communications, because the regulatory changes sought have already been implemented in a separate rulemaking. R... -
Federal Communications Commission says Majority of U.S. States have joined FCC in Robocall Investigation Partnerships
Federal Communications Commission says Majority of U.S. States have joined FCC in Robocall Investigation Partnerships | site |
Alaska, California, Tennessee, Pennsylvania, and Washington State Sign New MOUs with FCC Enforcement Bureau
Information contained in Federal Communications Commission (FCC) press release dated: April 7, 2022
Washington, April 7, 2022 - - FCC Chairwoman Jessica Rosenworcel today announced five more state Attorneys General are partnering with the FCC in robocall investigations. With the majority of states having signed Memoranda of Understanding with the FCC’s Enforcement Bureau, Chairwoman Rosenworcel also reached out to the remaining states to invite them to establish their own bi-lateral robocall investigation partnership. “It shows that we are united when it comes to fighting robocalls—urban, rural, north, south, east, and west,” said Chairwoman Rosenworcel... -
U.S. Securities and Exchange Commission says Takeover Bid of Fortune 500 Company was a Sham
U.S. Securities and Exchange Commission says Takeover Bid of Fortune 500 Company was a Sham | site |
Information contained in U.S. Securities and Exchange Commission (SEC) press release dated: April 5, 2022 Washington D.C., April 5, 2022 - - The Securities and Exchange Commission today charged Melville ten Cate, a U.S. citizen residing abroad, with fraud stemming from his allegedly phony offer to purchase Textron – a large U.S.-listed aircraft, defense, and industrial company. The SEC’s complaint, filed in federal district court in Manhattan, alleges that on November 9, 2020, ten Cate and Xcalibur Aerospace, Ltd., a now-defunct private company ten Cate controlled, placed an advertisement in The New York Times announcing a proposed purchase of all existing stock of Textron for $60.50 a share, a 56 percent premium over the stock’s previous closing price. As alleged, the advertisement led to a spike in Textr...
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Federal Communications Commission Chairwoman Rosenworcel Statement on Introduction of Legislation to require Foreign Government Disclosures | site |
Rosenworcel Expresses Support for Identifying Propaganda on Our Airwaves Act
Information contained in Federal Communications Commission (FCC) press statement release dated: October 17, 2022 Washington, October 17, 2022 - - Federal Communications Commission Chairwoman Jessica Rosenworcel issued the following statement today after the Identifying Propaganda on Our Airwaves Act was introduced in the Senate and House of Representatives: “The principle that the public has a right to know the identity of those who solicit their support is a fundamental and long-standing tenet of broadcasting,” said Chairwoman Rosenworcel. “Consumers deserve to trust that public airwaves aren’t being leased without their knowledge to foreign governments. I appreciate the leadership of Senators Schatz and Blackburn, a...10-22-2022, 11:18 PM -
Federal Trade Commission Chair and Commissioners Issue Unanimous Joint Statement | site |
Information contained in Federal Trade Commission (FTC) press release dated: October 13, 2022
Today FTC Chair Lina M. Khan, and Commissioners Noah Joshua Phillips, Rebecca Kelly Slaughter, Christine S. Wilson, and Alvaro Bedoya unanimously issued a joint statement in response to an article in the Wall Street Journal regarding FTC ethics:
“The Federal Trade Commission is composed of dedicated, honest career civil servants who provide a vital service to protect Americans from unlawful business practices. As commissioners, we frequently disagree with one another about policy questions. But we stand behind our career staff. We demand compliance with the FTC’s ethics rules, set clear expectations of staff behavior, and swiftly refer any violations of these rules to the proper authorities.”
10-22-2022, 04:52 PM -
Mark T. Uyeda Sworn In as U.S. Securities and Exchange Commission Commissioner | site |
Information contained in U.S. Securities and Exchange Commission (SEC) press release dated: June 30, 2022 Washington D.C., June 30, 2022 - - The Securities and Exchange Commission today announced Mark T. Uyeda has been sworn into office as a Commissioner by Brian Johnson, Assistant Director of the Division of Investment Management's Rulemaking Office. Commissioner Uyeda was nominated by President Biden earlier this year and confirmed by the U.S. Senate on June 16. "I’m honored to welcome Mark to the Commission," said SEC Chair Gary Gensler. "Mark brings extensive experience in corporate and securities law, including the past 15 years as our colleague at the SEC. I look forward to working with him to advance our mission to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation." "I have the highest respe...07-16-2022, 03:13 PM -
Federal Trade Commission Launches Inquiry into Infant Formula Crisis | site |
Agency Seeks Public Comment on Attempts to Deceive Families and Factors that May Have Contributed to the Ongoing Shortage of Infant Formula
Information contained in Federal Trade Commission (FTC) press release dated: May 24, 2022
Today, the Federal Trade Commission staff launched an inquiry into the ongoing shortage for infant formula that has caused hardship for countless American families. The inquiry seeks information about the nature and prevalence of any deceptive, fraudulent, or otherwise unfair business practices aimed at taking advantage of families during this shortage. It also aims to shed light on the factors that have led to concentration in the infant formula market and the fragility of the supply chains for these crucial products. FTC Chair Lina M. Khan released a statement in conjunction with...06-03-2022, 02:41 PM -
U.S. Securities and Exchange Commission Announces Eight New Investor Advisory Committee Members | site |
Information contained in U.S. Securities and Exchange Commission (SEC) press release dated: June 1, 2022
Washington D.C., June 1, 2022 - - The Securities and Exchange Commission today announced eight new members to fill all vacancies on its Investor Advisory Committee. The new members join 15 current committee members. The committee, established under the Dodd-Frank Wall Street Reform and Consumer Protection Act, advises the Commission on regulatory priorities and various initiatives to help protect investors and promote the integrity of the U.S. securities markets. "The new members bring valuable experiences to the Investor Advisory Committee. I thank each of them for their willingness to serve, providing the Commission with important perspectives on behalf of investors," said SEC Chair Gary Gensler. "I also thank the Investor Advisory Committee's...06-03-2022, 12:38 AM -
U.S. Securities and Exchange Commission names Richard R. Best Director of Division of Examinations
| site |
Information contained in U.S. Securities and Exchange Commission (SEC) press release dated: May 24, 2022 Washington D.C., May 24, 2022 - - The Securities and Exchange Commission today announced the appointment of Richard R. Best as Director of the Division of Examinations, effective immediately. He has served as the Division's acting director since March 23, 2022. "I've valued Rich's judgment and counsel since I joined the SEC, and I'm thrilled he's agreed to lead the Division of Examinations," said SEC Chair Gary Gensler. "Our examinations program – acting as eyes and ears on the ground for the Commission - is critical for our capital markets to function well and keep the public's trust. Rich's experience leading three different SEC offices gives him perspective and relationships across the agency that will be invaluable to the Division." "The...05-28-2022, 09:57 PM -
Federal Communications Commission Announces Third Public Hearing on Broadband Consumer Labels | site |
Information published in Federal Communications Commission (FCC) release dated: May 19, 2022
The FCC today announced the third of a series of virtual public hearings as part of its broadband consumer labels rulemaking proceeding. The hearing will take place May 25, 2022, at 1:30 p.m. ET and will be streamed free to the public at fcc.gov/live .
To view the Public Notice may be viewed at https://docs.fcc.gov/public/attachments/DA-22-556A1.pdf or press HERE
-05-23-2022, 05:47 PM -
Federal Communications Commission announces Tentative Agenda for May Open Meeting | site |
Information contained in Federal Communications Commission (FCC) press release dated: April 28, 2022
Washington, April 28, 2022 - - Federal Communications Commission Chairwoman Jessica Rosenworcel announced that the items below are tentatively on the agenda for the May Open Commission Meeting scheduled for Thursday, May 19, 2022:
Combatting Illegal Robocalls – The Commission will consider a Report and Order, Order on Reconsideration, and Further Notice of Proposed Rulemaking addressing foreign-originated and other illegal robocalls from multiple angles. (CG Docket No. 17-59; WC Docket No. 17-97)
Expanding Broadband Service Through the A-CAM Program – The Commission will consider a Notice of Proposed Rulemaking seeking comment on a proposal by the ACAM Broadband Coalition to achieve widespread deployment of 100/20...05-05-2022, 02:49 PM -
Federal Election Commission approves Advisory Opinion, Audit Division Recommendation Memorandum | site |
Information contained in Federal Election Commission (FEC) press release dated: April 28, 2022
Washington - - At its open meeting today, the Federal Election Commission unanimously approved an advisory opinion and an Audit Division Recommendation Memorandum.
Advisory Opinion 2022-02 (Steube) The Commission approved Advisory Opinion 2022-02 in response to a request from Rep. W. Gregory Steube and Steube for Congress, concluding that the proposed use of campaign funds for the purchase and installation of a locking steel security gate as part of the residential security system as specifically recommended by the requestor’s county sheriff’s office, and more generally by the Office of the House Sergeant at Arms, is permissible under the Federal Election Campaign Act of 1971, as amended (the Act,) and Commission regulations. ...05-05-2022, 01:27 AM -
U.S. Securities and Exchange Commission Nearly Doubles Size of Enforcement’s Crypto Assets and Cyber Unit | site |
Information contained in U.S. Securities and Exchange Commission (SEC) press release dated: May 3, 2022 Washington D.C., May 3, 2022 - - The Securities and Exchange Commission today announced the allocation of 20 additional positions to the unit responsible for protecting investors in crypto markets and from cyber-related threats. The newly renamed Crypto Assets and Cyber Unit (formerly known as the Cyber Unit) in the Division of Enforcement will grow to 50 dedicated positions. "The U.S. has the greatest capital markets because investors have faith in them, and as more investors access the crypto markets, it is increasingly important to dedicate more resources to protecting them," said SEC Chair Gary Gensler. "The Division of Enforcement’s Crypto Assets and Cyber Unit has successfully brought dozens of cases against those seeking to take a...05-05-2022, 12:17 AM -
Federal Trade Commission Enforces New Made in USA Rule against Lithionics and Owner Steven Tartaglia for Falsely Labeling Foreign-Made Batteries as American | site |
Order Requires Lithionics Battery LLC And Tartaglia To Pay Civil Penalty, Notify Consumers, and Stop Making Bogus Made in USA Claims
Information contained in Federal Trade Commission press release dated: April 13, 2022
The Federal Trade Commission (FTC) today used its authority under the Made in USA Labeling Rule, which took effect on Aug. 13, 2021, to bring a complaint against Lithionics Battery LLC and its owner, Steven Tartaglia for illegally misrepresenting that its lithium ion cells are made in the United States. The FTC’s complaint alleges that, since at least 2018, Lithionics has falsely labeled its battery products with an American flag image surrounded by the words “Made in U.S.A.,” often accompanied by the statement “Proudly Designed and Built in USA,”...04-16-2022, 05:01 PM -
U.S Department of Agriculture Announces Intent to Establish Subcommittee on Rural Community Economic Development for its Equity Commission | site |
USDA also seeks nominations for subcommittee
Information contained in U.S. Department of Agriculture press release dated: April 7, 2022
Washington, April 7, 2022 - - The U.S. Department of Agriculture (USDA) today announced it will establish a Rural Community Economic Development (RCED) Subcommittee as part of the recently launched Equity Commission. Nominations and applications for membership to the RCED Subcommittee are due on May 6.
The Federal Register Notice is another important step towards fully implementing President Biden’s commitment to create an Equity Commission and the American Rescue Plan Act provision that directs USDA to “address historical discrimination and disparities in the agriculture sector… [through] one...04-13-2022, 01:44 AM -
Federal Election Commission approves three Notices of Disposition on Petitions for Rulemaking| site |
Information contained in Federal Election Commission (FEC) press release dated: March 24, 2022
Washington - - At its open meeting today, the Federal Election Commission approved three Notices of Disposition in connection with petitions for rulemaking.
REG 2012-01 (Electioneering Communications Reporting) - Draft Notice of Disposition Prior to the meeting, on March 21, the Commission approved by tally vote the Notice of Disposition of a Petition for Rulemaking by the Center for Individual Freedom. The Commission decided not to initiate a rulemaking in response to the petition, which asked that the Commission revise two regulations on the reporting of electioneering communications, because the regulatory changes sought have already been implemented in a separate rulemaking. R...04-11-2022, 09:27 AM -
Federal Communications Commission says Majority of U.S. States have joined FCC in Robocall Investigation Partnerships | site |
Alaska, California, Tennessee, Pennsylvania, and Washington State Sign New MOUs with FCC Enforcement Bureau
Information contained in Federal Communications Commission (FCC) press release dated: April 7, 2022
Washington, April 7, 2022 - - FCC Chairwoman Jessica Rosenworcel today announced five more state Attorneys General are partnering with the FCC in robocall investigations. With the majority of states having signed Memoranda of Understanding with the FCC’s Enforcement Bureau, Chairwoman Rosenworcel also reached out to the remaining states to invite them to establish their own bi-lateral robocall investigation partnership. “It shows that we are united when it comes to fighting robocalls—urban, rural, north, south, east, and west,” said Chairwoman Rosenworcel...04-11-2022, 05:09 AM -
U.S. Securities and Exchange Commission says Takeover Bid of Fortune 500 Company was a Sham | site |
Information contained in U.S. Securities and Exchange Commission (SEC) press release dated: April 5, 2022 Washington D.C., April 5, 2022 - - The Securities and Exchange Commission today charged Melville ten Cate, a U.S. citizen residing abroad, with fraud stemming from his allegedly phony offer to purchase Textron – a large U.S.-listed aircraft, defense, and industrial company. The SEC’s complaint, filed in federal district court in Manhattan, alleges that on November 9, 2020, ten Cate and Xcalibur Aerospace, Ltd., a now-defunct private company ten Cate controlled, placed an advertisement in The New York Times announcing a proposed purchase of all existing stock of Textron for $60.50 a share, a 56 percent premium over the stock’s previous closing price. As alleged, the advertisement led to a spike in Textr...04-11-2022, 04:45 AM -
Consumer Product Safety Commission says $2 Million Available in Pool Safely Grants to Help State and Local Governments Prevent Drownings and Drain Entrapments; Apply Now | site |
Information contained in Consumer Product Safety Commission press release dated: April 5, 2022 Washington -- The U.S. Consumer Product Safety Commission (CPSC) is seeking applications for its Pool Safely Grant Program (PSGP or grant program) to assist state and local governments in reducing deaths and injuries from drowning and drain entrapment incidents in pools and spas. CPSC will award up to a total of $2 million in two-year grants to qualifying jurisdictions. The PSGP is an essential part of CPSC's national campaign to prevent drain entrapment and drowning. Drowning is the leading cause of deaths among young children. The grant program is made possible through the Virginia Graeme Baker Pool and Spa Safety Act (VGB Act), which seeks to provide state and lo...04-05-2022, 08:36 PM -
Federal Communications Commission Chairwoman Rosenworcel announces Staff changes | site |
Information contained in Federal Communications Commission (FCC) press release dated: April 4, 2022 Washington, April 4, 2022 - - Federal Communications Commission Chairwoman Jessica Rosenworcel today announced additions to her leadership team. As of mid-April, Narda Jones will return to the FCC and assume the role of Chief of Staff. Effective today, Priscilla Delgado Argeris will serve as Chief Legal Advisor. “At a time when Congress has tasked the FCC with so many responsibilities, I am excited to welcome back Narda Jones to ensure we can meet our mission to connect everyone, everywhere. Her unique combination of skill, expertise, and record of service will be a major asset for my team and the agency as a whole,” said Chairwoman Rosenworcel. “It’s no secret that the FCC regularly handles some of the most complicated techni...04-05-2022, 07:51 PM -
U.S. Securities and Exchange Commission Proposes Rules to Include Certain Significant Market Participants as “Dealers” or “Government Securities Dealers”| site |
Information contained in U.S. Securities and Exchange Commission (SEC) press release dated: March 28, 2022 Washington D.C., March 28, 2022 - - The Securities and Exchange Commission today proposed two rules that would require market participants, such as proprietary (or principal) trading firms, who assume certain dealer functions, in particular those who as act as liquidity providers in the markets, to register with the SEC, become members of a self-regulatory organization (SRO), and comply with federal securities laws and regulatory obligations. “I was pleased to support this proposal because I believe it reflects Congress’s statutory intent that firms engaging in important liquidity-providing roles in the securities markets, including in the U.S. Treasury market, be registered with the ...04-05-2022, 12:50 AM -
Federal Communications Commission expands List of Communications Equipment and Services that pose a Threat to National Security | site |
Adds AO Kaspersky Lab, China Telecom (Americas) Corp, and China Mobile International USA Inc.
Information contained in Federal Communication Commission (FCC) press release dated: March 25, 2022 Washington - - March 25, 2022—The Federal Communications Commission’s Public Safety and Homeland Security Bureau today added equipment and services from three entities – AO Kaspersky Lab, China Telecom (Americas) Corp, and China Mobile International USA Inc. – to its list of communications equipment and services that have been deemed a threat to national security, consistent with requirements in the Secure and Trusted Communications Networks Act of 2019. “Last year, for the first time, the FCC published a list of communications equipment and services that pose an unacceptable risk to national security, a...04-02-2022, 10:49 PM -
Federal Trade Commission Takes Action Against Multistate Auto Dealer Napleton for Sneaking Illegal Junk Fees onto Bills and Discriminating Against Black Consumers | site |
Napleton Auto will pay a record-setting $10 Million in case brought jointly with the State of Illinois
Information contained in Federal Trade Commission (FTC) press release dated: April 1, 2022
The Federal Trade Commission and the State of Illinois are taking action against Napleton, a large, multistate auto dealer group based in Illinois, for sneaking illegal junk fees for unwanted “add-ons” onto customers’ bills and for discriminating against Black consumers by charging them more for financing. Napleton will pay $10 million to settle the lawsuit brought by the FTC and the State of Illinois, a record-setting monetary judgment for an FTC auto lending case. “Working closely with the Illinois Attorney General, we are holding these dealerships accountable...04-02-2022, 10:17 PM -
Federal Communications Commission Inspector General Issues Advisory regarding EBB Enrollment Fraud site
(Information contained in Federal Communications Commission [FCC] press release dated: November 22, 2021) Washington, November 22, 2021 – In an Advisory issued today, the Office of Inspector General (OIG) of the Federal Communications Commission alerted EBB providers, beneficiaries, and the public to improper and abusive EBB program enrollments made in connection with the USDA National School Lunch Program’s Community Eligibility Provision (CEP). Providers’ sales agents are enrolling households in the EBB program by falsely claiming the household includes a dependent child who attends a CEP school. The Advisory provides examples where the number of EBB households enrolled based on CEP school participation vastly outnumber the students actually enrolled in those schools. OIG reminds all EBB providers that they are required to im...11-25-2021, 12:11 AM -
U.S. Securities and Exchange Commission updates Electronic Filing Requirements | site |
SEC says "Amendments Will Help Modernize Manner in Which Information Is Submitted to Commission"
(Information contained in U.S. Securities and Exchange Commission [SEC] press release dated: November 4, 2021) Washington D.C., Nov. 4, 2021 - - The Securities and Exchange Commission today published proposed amendments to update electronic filing requirements. The SEC currently permits and sometimes requires certain forms to be filed or submitted in paper format. The proposed rule and form amendments would require certain forms to be filed or submitted electronically. The proposed amendments also would make technical amendments to certain forms to require structured data reporting and remove outdated references. The amendments are intended to promote efficiency, transparency, and operational resiliency by modernizing the manner ...11-09-2021, 10:51 PM -
U.S. Department of Agriculture Announces Intent to Establish an Equity Commission, Solicits Nominations for Membership | site |
(Information contained in U.S. Department of Agriculture press release dated: September 24, 2021)
Washington, September 24, 2021 - - The U.S. Department of Agriculture (USDA) today announced it will establish an Equity Commission and is requesting nominations for membership on the Equity Commission Advisory Committee and Equity Commission Subcommittee on Agriculture. The Notice represents an important step towards implementing President Biden’s commitment to create an Equity Commission and the American Rescue Plan Act provision that directs USDA to "address historical discrimination and disparities in the agriculture sector… [through] one or more equity commissions to address racial equity issues within USDA and its programs." “USDA is committed to advancing equity throughout our Departm...10-13-2021, 07:44 PM -
Federal Communications Commission acts to provide relief in Areas affected by Hurricane Ida | site |
Agency Extends Certain Regulatory and Filing Deadlines to Assist Consumers, Licensees and Communications Providers Affected by the Storm
(Information contained in Federal Communications Commission [FCC] press release dated: September 3, 2021) Washington, September 3, 2021 - - The Federal Communications Commission today took a series of actions to extend deadlines and waive rules to assist consumers, licensees and communications providers in Louisiana and Mississippi impacted by Hurricane Ida. “The FCC is working around the clock in coordination with government partners and industry to support the restoration of vital communications services after the destruction of Hurricane Ida,” said Acting Chairwoman Jessica Rosenworcel. “Today, we’re extending deadlines for our universal servi...09-04-2021, 05:04 PM -
SEC Requests Information and Comment on Broker-Dealer and Investment Adviser Digital Engagement Practices, Related Tools and Methods, and Regulatory Considerations and Potential Approaches; Information and Comments on Investment Adviser Use of Technology | site |
(Information contained in U.S. Securities and Exchange Commission [SEC] press release dated: August 27, 2021) Washington D.C., Aug. 27, 2021 - - The Securities and Exchange Commission today announced that it is requesting information and public comment on matters related to the use of digital engagement practices by broker-dealers and investment advisers. These tools include behavioral prompts, differential marketing, game-like features (commonly referred to as gamification), and other design elements or features designed to engage with retail investors on digital platforms (e.g., websites, portals, and applications), as well as the analytical and technological tools and m...08-31-2021, 10:54 PM -
Federal Election Commission announces appointment of Charles Kitcher as Associate General Counsel | site |
(Information contained in Federal Election Commission [FEC] press release dated: July 15, 2021) Washington - - The Federal Election Commission has appointed Charles Kitcher as Associate General Counsel. Mr. Kitcher, whose appointment becomes effective July 18, oversees the Enforcement Division, which is the largest division of the Office of General Counsel. The 45-person Enforcement Division recommends to the Commission appropriate action to take with respect to administrative complaints and apparent violations of the Federal Election Campaign Act of 1971, as amended (the Act), investigates alleged violations, and negotiates conciliation agreements. Mr. Kitcher joined the Commission in December 2012 as a staff attorney in the Litigation Division. In August 2017, he was promoted to Acting Assistant General Counsel for Litigation and served in that role...08-19-2021, 08:51 PM -
U.S. Securities and Exchange Commission and the European Central Bank Sign Memorandum of Understanding Regarding Cooperation with Respect to Security-Based Swap Entities | site |
(Information contained in U.S. Securities and Exchange Commission [SEC] press release dated: August 16, 2021)
Washington D.C., Aug. 16, 2021 - - The Securities and Exchange Commission and the European Central Bank (ECB) today announced the signing of a Memorandum of Understanding (MOU) to consult, cooperate, and exchange information in connection with the supervision, enforcement, and oversight of certain security-based swap dealers and major security-based swap participants that are registered with the SEC and supervised by the ECB. This is the first MOU between the SEC and ECB.
The MOU was executed on Aug. 16, 2021, and is intended to facilitate the SEC's oversight of all SEC-registered security-based swap entities in EU Member...08-18-2021, 02:32 PM -
Federal Election Commission Approves Advisory Opinion - - Kelly - - Considers others| site |
(Information contained in Federal Election Commission [FEC] press release dated: July 15, 2021) Washington - - The Federal Election Commission today approved an advisory opinion and discussed and held over an advisory opinion request. The Commission was unable to reach consensus by the required four affirmative votes on a motion to amend a directive governing the content of regular staff reports to the Commission. Advisory Opinion 2021-06 (Rep. Robin Kelly/Democratic Party of Illinois) The Commission approved an advisory opinion in response to a request from Rep. Kelly and the Democratic Party of Illinois. Rep. Kelly was elected chair of the Democratic State Central Committee, which governs the Democratic Party of Illinois. The Commission concluded that the state party may raise funds in amounts and from sources prohibited by the Federal Election Campaign Act o...08-17-2021, 02:19 AM -
Federal Communications Commission Proposes Updating Numbering Rules to Fight Robocalls | site |
Seeks Comment on Rules to Deter Spoofed Robocalls, Protect National Security, Prevent Regulatory Arbitrage, and Promote Public Safety
(Information contained in Federal Communications Commission [FCC] press release dated: August 6, 2021) Washington, August 5, 2021 - - The Federal Communications Commission today approved a proposal seeking comment on how to modify its policies to reduce access to phone numbers by perpetrators of illegal robocalls. The proposed rules are part of ongoing Commission efforts to protect Americans from unwanted and illegal robocalls. The FCC is proposing to update its rules governing interconnected VoIP providers’ direct access to phone numbers to address problems that have arisen from the growth of widely available VoIP software that can allow bad actors to make spoofed robocal...08-17-2021, 01:54 AM -
Federal Communications Commission to Vote on designating Boston and Raleigh as Newest FCC Innovation Zones | site |
Boston and Raleigh Would Join New York City and Salt Lake City as Innovation and Research Test Beds for Advanced Wireless Technologies Like 5G and Open RAN
(Information contained in Federal Communications Commission (FCC) press release dated: July 14, 2021) Washington, July 14, 2021—FCC Acting Chairwoman Jessica Rosenworcel today proposed establishing Raleigh, North Carolina and Boston, Massachusetts as innovation zones to allow for advanced wireless communications and network innovation and research. These designations would, among other positive impacts, help spur the development and integration of 5G network technologies and open radio access networks, or Open RAN. Innovation zones are FCC-designated, city-scale test beds managed by the National Science Foundation’s Platforms for Advanced Wireless Research. If a...07-14-2021, 03:47 PM -
Federal Election Commission says District Court issues opinion in Ted Cruz for Senate, et al. v. FECFederal Election Commission says District Court issues opinion in Ted Cruz for Senate, et al. v. FEC | site |
(Information contained in Federal Election Commission [FEC] press release dated: June 3, 2021)
Washington - - A three-judge panel of the United States District Court for the District of Columbia on Thursday issued a Memorandum Opinion and Order in Ted Cruz for Senate, et al. v. FEC (Case No. 19-908), denying the Commission’s motion for summary judgment and granting the Plaintiffs’ motion for summary judgment.
On April 1, 2019, Ted Cruz for Senate and Senator Cruz filed suit against the Commission alleging that the limit on repayment of candidate loans at 52 U.S.C. § 30116(j) violates the First Amendment to the Constitution. The three-judge panel concurred....06-25-2021, 10:22 PM -
U.S. Securities and Exchange Commission Charges Amec Foster Wheeler Limited With FCPA Violations Related To Brazilian Bribery Scheme | site |
(Information contained in U.S. Securities and Exchange Commission [SEC] press release dated: June 25, 2021) Washington D.C., June 25, 2021 - - The Securities and Exchange Commission today announced charges against Amec Foster Wheeler Limited (Foster Wheeler) for violations of the Foreign Corrupt Practices Act (FCPA) arising out of a bribery scheme that took place in Brazil. As part of coordinated resolutions with the SEC, the U.S. Department of Justice, the Brazil Controladoria-General da Uniᾶo (CGU)/Advocacia-Geral da Uniᾶo (AGU) and the Ministério Publico Federal (MPF), and the United Kingdom Serious Fraud Office (SFO), the company has agreed to pay more than $43 million related to this scheme, including more than $10.1 million to settle the SEC's charges. The SEC's order finds that Foster...06-25-2021, 10:02 PM -
Lina Khan Sworn in as Chair of the Federal Trade Commission | site |
(Information contained in Federal Trade Commission [FTC] press release dated: June 15, 2021)
Lina Khan was sworn in today as Chair of the Federal Trade Commission. President Biden named Khan, a Democrat, to a term on the Commission that expires September 25, 2024, and designated her as Chair. Khan was confirmed by the U.S. Senate on June 15, 2021. “It is a tremendous honor to have been selected by President Biden to lead the Federal Trade Commission,” said Chair Khan. “I look forward to working with my colleagues to protect the public from corporate abuse. I’m very grateful to Acting Chairwoman Slaughter for her outstanding stewardship of the Commission." Prior to becoming Chair of the FTC, Khan was an Associate Professor of Law at Columbia Law School. She also previously served as counsel to the U.S. House Judiciary Committee’s Subcommit...06-23-2021, 07:35 AM -
Federal Communications Commission offers Guidance on Connected Care Pilot Program; Announces 36 newly approved Projects | site |
$100 Million Program Will Support Connected Care Service Across Country, Focus on Low-Income and Veteran Patients
(Information contained in Federal Communications Commission [FCC] press release dated: June 17, 2021) Washington, June 17, 2021 - - Today the Federal Communications Commission approved a Report and Order offering further guidance on the administration of its $100 million Connected Care Pilot Program, including guidance on eligible services, competitive bidding, invoicing, and data reporting for selected participants, which will enable applicants selected for the Pilot Program to begin their projects. Additionally, the FCC this week voted to approve 36 additional pilot projects for a total of over $31 million in funding. The newly selected Pilot projects join an initial set of 23 p...06-21-2021, 12:57 PM -
U.S. Consumer Product Safety Commission Report Shows Child Drownings Remain High; Most Fatalities to Children Under Five | site |
Fewer Kids Took Swim Lessons During COVID-19 Pandemic Putting Them at Risk
(Information contained in U.S. Consumer Product Safety Commission press release dated: June 8, 2021)
Washington - - The annual drowning and submersion report released today by the U.S. Consumer Product Safety Commission (CPSC) reminds families to make water safety a priority, particularly as they return to community pools and resume warm-weather activities near water. Child drownings remain the leading cause of unintentional death among children ages one to four years old.
CPSC’s latest data show:- an increase in pool-or spa-related fatal drowning incidents among children younger than 15 years old;
- on average, there were 397 reported pool-or-spa-related fatal drownings per
06-19-2021, 01:03 AM -
The Federal Communications Commission further strengthens Emergency Alerting | site |
(Information contained in Federal Communications Commission [FCC] press release dated: June 17, 2021) Washington, June 17, 2021 - - The Federal Communications Commission today adopted rules to improve the way the public receives emergency alerts on their mobile phones, televisions, and radios. The nation’s Emergency Alert System and Wireless Emergency Alerts help keep the public safe and informed and are of ever-increasing importance given the emergencies and disasters Americans have faced in recent years. In 2018, however, a false emergency alert in Hawaii mistakenly warned of an incoming ballistic missile and highlighted the need to improve these systems. The National Defense Authorization Act for Fiscal Year 2021 subsequently directed the Commission, in consultation with the Federal Emergency Management Agency, to adopt rules to strengthen emergency...06-17-2021, 10:11 PM -
U.S. Securities and Exchange Commission Charges Issuer With Cybersecurity Disclosure Controls Failures | site |
(Information contained in U.S. Securities and Exchange Commission [SEC] press release dated: June 15, 2021) Washington D.C., June 15, 2021 — - - The Securities and Exchange Commission today announced settled charges against real estate settlement services company First American Financial Corporation for disclosure controls and procedures violations related to a cybersecurity vulnerability that exposed sensitive customer information. According to the SEC’s order, on the morning of May 24, 2019, a cybersecurity journalist notified First American of a vulnerability with its application for sharing document images that exposed over 800 million images dating back to 2003, including images containing sensitive personal data such as social security numbers and financial information. In response, according to the order, First Ame...06-17-2021, 04:03 AM -
Consumer Product Safety Commission Announces $2 Million in Pool Safely Grants Available for State and Local Governments to Help Prevent Drownings and Drain Entrapments; Apply Now | site |
(Information contained in U.S. Consumer Product Safety Commission press release dated: May 28, 2021) Washington, D.C. - - The U.S. Consumer Product Safety Commission (CPSC) is seeking applications for a Pool Safely Grant Program (PSGP or grant program) offered to state and local governments. CPSC will award up to a total of $2 million in two-year grants to assist jurisdictions in reducing deaths and injuries from drowning and drain entrapment incidents in pools and spas. The PSGP is a part of CPSC's national campaign to make drowning and drain entrapment prevention a critical public safety priority. The grant program is made possible through the Virginia Graeme Baker Pool and Spa Safety Act (VGB Act), legislation authored and advanced by Rep. Debbie Wasserma...06-11-2021, 11:09 PM -
Federal Communications Commission announces 3.45 GHz Band Auction Procedures | site |
5G Auction of Mid-Band Spectrum Set for October 2021
(Information contained in Federal Communications Commission [FCC] press release dated: June 9, 2021)
Washington, June 9, 2021—FCC Acting Chairwoman Jessica Rosenworcel today announced the latest step in making mid-band spectrum available for next generation wireless services, including 5G. In a Public Notice, the FCC’s Office of Economics and Analytics and the Wireless Telecommunications Bureau established the application and bidding procedures for Auction 110, the auction of spectrum in the 3.45 GHz band. Bidding is scheduled to start on October 5, 2021. “This is a critical step toward delivering on the promise of 5G,” said Rosenworcel. “This auction will bring us closer to 5G service that is fast, secure, resilient, and most importantly, available across the country. I want to t...06-11-2021, 07:48 PM -
Federal Communications Commission secures Life-saving Commitments from Wireless Carriers to deliver 911 Vertical Location Information Nationwide within seven Days | site |
FCC Reached Enforceable Settlements with AT&T, T-Mobile, and Verizon
(Information contained in Federal Communications Commission [FCC] press release dated: June 3, 2021) Washington, June 3, 2021 - - FCC Acting Chairwoman Jessica Rosenworcel today announced breakthrough agreements with America’s three largest mobile phone providers to start delivering vertical location information in connection with 911 calls nationwide in the coming days. This information will help first responders quickly locate 911 callers in multi-story buildings, which will reduce response times and ultimately save lives. The FCC adopted rules to improve location information for 911 wireless calls back in 2015. Those rules required nationwide wireless providers to deploy dispatchable location o...06-10-2021, 06:31 AM -
Federal Trade Commission Sends More Than $172 Million in Refunds to Consumers allegedly Misled by Rent-To-Own Provider Progressive Leasing | site |
FTC says more than two million consumers will receive refunds from FTC case alleging false promises of “same as cash” payment plans
(Information contained in Federal Trade Commission [FTC] press release dated: June 7, 2021) The Federal Trade Commission is returning more than $172 million to consumers who overpaid for merchandise they purchased using rent-to-own plans provided by Progressive Leasing. More than two million consumers will receive refund checks. The FTC’s complaint against the company, filed in April 2020, alleged that Progressive misled consumers about the true price of items purchased through its plans. Consumers who visited retailers to buy items such as furniture, jewelry, or cellphones frequently were told that Progressive’s payment plans were “same as cash” or “no int...06-10-2021, 01:01 AM -
Federal Communications Commission says Emergency Broadband Benefit Program enrolls 2.3 Million Households in first 3 Weeks of Program | site |
Releases EBB public data tracking dashboard
(Information contained in Federal Communications Commission [FCC] press release dated: June 7, 2021) Washington, June 7, 2021 - - Today FCC Acting Chairwoman Jessica Rosenworcel announced the Emergency Broadband Benefit Program enrolled over 2.3 million households into the subsidy program initiated by Congress. Since mid-May, households in all 50 states, Washington, D.C., Puerto Rico, Virgin Islands and American Samoa were approved to receive a discount on their monthly internet bills and have selected a participating EBB provider to receive internet service at home. “I am thrilled to see that the great need for affordable broadband support is being met with over 2 million households enrolled in three short weeks. I’ve also said we nee...06-08-2021, 09:48 PM -
U.S. Securities and Exchange Commission Awards More Than $23 Million to Whistleblowers | site |
(Information contained in U.S. Securities and Exchange Commission [SEC] press release dated: June 2, 2021) Washington D.C., June 2, 2021 - - The Securities and Exchange Commission today announced awards of approximately $13 million and $10 million to two whistleblowers whose information and assistance led to successful SEC and related actions. The whistleblowers’ substantial assistance, provided to the SEC and another federal agency, included submitting information and documents, participating in interviews, and identifying key individuals who engaged in the misconduct at issue. “The whistleblowers’ information and assistance led to multiple successful enforcement actions related to a complex and fraudulent scheme involving multiple individuals and tens of millions of dollars in ill-gotten gains,” said Emily Pasquinelli, Acting Chief of ...06-08-2021, 06:25 PM -
U.S. Consumer Product Safety Commission says new CDC Report Finds More Adults Are Dying from Bicycle-Related Accidents | site |
CPSC says it highlights the importance of helmets
(Information contained in U.S. Consumer Product Safety Commission [CPSC] press release dated: May 18, 2021) Washington, D.C. - - The U.S. Consumer Product Safety Commission is reminding consumers of the importance of wearing helmets for sports and recreation to reduce the risk of head injury, including traumatic brain injuries (TBIs). Helmets absorb much of the impact energy from a fall or collision, and can protect the skull and brain from more severe injury. Bike helmets are required to meet CPSC’s federal safety standard. They must have a label stating that they meet the standard. Consumers can usually find this label on the liner inside of the helmet, on the exterior surface, or attached to the chin strap. Information on bike helmets, and helmets fo...05-29-2021, 11:48 PM -
U.S. Securities and Exchange Commission Charges alleged U.S. Promoters of $2 Billion Global Crypto Lending Securities Offering | site |
(Information contained in U.S. Securities and Exchange Commission [SEC] press release dated: May 28, 2021)
Washington D.C., May 28, 2021 - - The Securities and Exchange Commission announced today that it has filed an action against five individuals alleging that they promoted a global unregistered digital asset securities offering that raised over $2 billion from retail investors. According to the SEC's complaint, filed in the United States District Court for the Southern District of New York, from approximately January 2017 to January 2018, BitConnect used a network of promoters, including U.S.-based Trevon Brown (a.k.a. Trevon James), Craig Grant, Ryan Maasen, and Michael Noble (a.k.a. Michael Crypto) to market and sell securities in its "lending program." The SEC's complaint alleges that these promoters o...05-29-2021, 10:54 PM -
Federal Communications Commission Acting Chairwoman Rosenworcel announces Members of 911 Strike Force | site |
Advisory Committee Will Examine 911 Fee Diversion
(Information contained in Federal Communications Commission [FCC] press release dated: May 21, 2021)
Washington, May 21, 2021 - - FCC Acting Chairwoman Jessica Rosenworcel today announced the appointment of 17 members to the Commission’s newly created 911 Strike Force, which will meet for the first time on June 3, 2021. Acting Chairwoman Rosenworcel announced the creation of the Strike Force on February 17, 2021, and charged the group with studying the problem of 911 fee diversion—that is, the practice by some states and jurisdictions of using the 911 fees consumers pay on their phone bills for non-911 purposes—and reporting to Congress on how the Federal government can end this practice. “America’s 911 system needs an update for the digital age...05-29-2021, 10:28 PM -
Federal Communications Commission demands two more Companies immediately stop facilitating allegedly Illegal Robocall Campaigns | site |
These Are the Third Tranche of Enforcement Bureau Cease and Desist Letters
(Information contained in Federal Communications Commission [FCC] press release dated: May 18, 2021) Washington, May 18, 2021 - - FCC Acting Chairwoman Jessica Rosenworcel today announced the latest FCC action to combat illegal robocalls and spoofing campaigns that target and defraud consumers. The FCC’s Enforcement Bureau sent cease and desist letters to VaultTel Solutions and Prestige DR VoIP demanding that they immediately cease carrying illegal robocall campaigns on their networks and report to the Commission the concrete steps they implemented to prevent a recurrence of these operations. “We need to use every tool we have to get these junk calls off of our networks,” said Rosenworcel. “From these new cease-and-desist letter...05-20-2021, 02:33 AM -
Secretary of the Treasury Janet L. Yellen to Chair Meeting of the Financial Literacy and Education Commission | site |
(Information contained in U.S. Department of the Treasury press release dated: May 18, 2021)
Washington - - Secretary of the Treasury Janet L. Yellen will chair a meeting of the Financial Literacy and Education Commission (FLEC) on May 26, 2021. The meeting will focus on the role of financial education in reducing economic inequity.
The Commission’s vision is of sustained financial well-being for all individuals and families in the U.S. In furtherance of this vision, the Commission sets strategic direction for policy, education, practice, research, and coordination so that all Americans make informed financial decisions. Deputy Secretary of the Treasury Wally Adeyemo will moderate a discussion among experts in the field including:- John Hope Bryant, Founder, Chairman, and CEO of Operation Hope,
- Marc
05-19-2021, 12:02 AM -
Federal Communications Commission to hold Open Commission Meeting Thursday, May 20, 2021 | site |
The Federal Communications Commission (FCC) is scheduled to hold an Open Meeting on Thursday, May 20, 2021.
The Public Notice containing the Commission Meeting Agenda may be viewed at the following link location:
https://docs.fcc.gov/public/attachme...C-372424A1.pdf
or
Press HERE...05-18-2021, 07:45 PM -
U.S. Securities and Exchange Commission Charges S&P Dow Jones Indices for Failures Relating to Volatility-Related Index | site |
(Information contained in U.S. Securities and Exchange Commission [SEC] press release dated: May 17, 2021) Washington D.C., May 17, 2021 - - The Securities and Exchange Commission today announced settled charges against S&P Dow Jones Indices LLC for failures relating to a previously undisclosed quality control feature of one of its volatility-related indices, which led S&P DJI to publish and disseminate stale index values during a period of unprecedented volatility. The SEC’s order finds that the S&P 500 VIX Short Term Futures Index ER (Index) published by S&P DJI was intended to calculate values based on real-time prices of certain CBOE Volatility Index (VIX) futures contracts. According to the order, S&P DJI licenses the Index to, among others, issuers that use it to offer securities, including the issuer of...05-17-2021, 11:34 PM -
Federal Communications Commission to launch $7.17 Billion Connectivity Program | site |
New Program Provides Funding to Schools and Libraries Critical to Closing the Homework Gap
(Information contained in Federal Communications Commission [FCC] press release dated: May 11, 2021) Washington, May 10, 2021 - - The Federal Communications Commission today unanimously adopted final rules to implement the Emergency Connectivity Fund Program. This $7.17 billion program, funded by the American Rescue Plan Act of 2021, will enable schools and libraries to purchase laptop and tablet computers, Wi-Fi hotspots, and broadband connectivity for students, school staff, and library patrons in need during the COVID-19 pandemic. “Far too often, students, teachers, and library patrons lack the access they need to broadband and connected devices. This need has become even more apparent during these unprecedented times,” said Jessica Rosenworce...05-15-2021, 04:51 PM -
U.S. Securities and Exchange Commission Awards Approximately $3.6 Million to Whistleblower | site |
(Information contained in U.S. Securities and Exchange Commission [SEC] press release dated: May 12, 2021) Washington D.C., May 12, 2021 - - The Securities and Exchange Commission today announced an award of approximately $3.6 million to a whistleblower whose information and assistance led to a successful SEC enforcement action. “The whistleblower brought valuable information to the attention of the SEC, causing it to open a new investigation into wrongdoing,” said Emily Pasquinelli, Acting Chief of the SEC’s Office of the Whistleblower. “The whistleblower further assisted the SEC by providing ongoing assistance as the Commission’s investigation progressed. This award shows the significant help a whistleblower can provide by sharing information of potential violations of the federal securities laws with the Commission.” The SEC has awarded appro...05-14-2021, 05:52 AM -
Federal Communications Commission Grants additional Rural Tribal Spectrum Licenses | site |
Mid-Band Spectrum Licenses Granted to Facilitate Providing Advanced Wireless Communications Like 5G to 40 Native Communities
(Information contained in Federal Communications Commission [FCC] press release dated: May 13, 2021) Washington, May 13, 2021 - - The FCC’s Wireless Telecommunications Bureau has granted an additional 40 spectrum licenses in the 2.5 GHz band to help connect rural Tribal communities. This valuable mid-band spectrum can be used for 5G and other advanced wireless services. “Wireless spectrum in the hands of the unserved and underserved is a powerful tool,” said FCC Acting Chairwoman Jessica Rosenworcel. “This is especially true for Tribes, which should have the opportunity to offer their communities the broadband access that is so critical for participation in the digital age. I am committed to continuing our efforts to make tha...05-14-2021, 05:26 AM -
Federal Trade Commission Returns Nearly $60 Million to Those Suffering from Opioid Addiction Who Were Allegedly Overcharged in Suboxone Film Scheme| site |
FTC says funds for these payments come from the FTC’s settlements with Reckitt Benckiser Group and Indivior, Inc. who took advantage of their unique market position to scare consumers away from generic Suboxone tablets
(Information contained in Federal Trade Commission [FTC] press release dated: May 10, 2021)
The Federal Trade Commission is sending 51,875 payments totaling more than $59 million to consumers who were victims of an allegedly deceptive scheme by Reckitt Benckiser Group and Indivior, Inc. to thwart lower-priced generic competition with the branded drug Suboxone. The average paymentamount is $1,139. The payments will be mailed...
Courtesy: Federal Trade Commission05-14-2021, 04:26 AM -
U.S. Department of Veterans Affairs stands up Commission to Recommend new Under Secretary for Benefits | site |
(Information contained in U.S. Department of Veterans Affairs [VA] press release dated: May 12, 2021)
Washington - - The Department of Veterans Affairs established a commission to identify candidates to lead and manage the Veterans Benefits Administration. The position is for the Under Secretary for Benefits, who oversees leadership and direction on non-medical Veterans benefits matters — which has an approximate operating budget of $6.2 billion, an average employment level of 24,700 — and a benefits budget of $135 billion for the delivery of services and benefits to Veterans and their beneficiaries. By law, the appointment is made without regard to political affiliation and solely on demonstrated ability in providing oversight and management of this budget and the ability to develop, defend, and administer a budget of this size a...05-13-2021, 04:31 AM -
Federal Communications Commission seeks Comment on Potential Impact of Global Semiconductor Shortage| site |
(Information contained in Federal Communications Commission [FCC] press release dated: May 11, 2021) Washington, May 11, 2021 - - The Federal Communications Commission today began seeking comment on the impact the continuing global shortage of semiconductors may have on the U.S. communications sector and on FCC initiatives. These semiconductor supply chain constraints have been acknowledged by the Administration and by Congress, and the U.S. government is taking steps to address these challenges. The FCC is particularly focused on the impact this shortage could have on the communications industry, agency initiatives, and the nation’s continued advancement in next-generation technologies that are key to our national and economic security. “At the FCC we are pursuing a proactive strategy to help build a more secure, resilient, and next-generat...05-11-2021, 06:34 PM -
Federal Trade Commission and the Consumer Financial Protection Bureau Send Notice Letters to Landlords Regarding Pandemic Eviction Moratorium | site |
Letters remind landlords of their obligations as part of the CDC’s moratorium
(Information contained in Federal Trade Commission [FTC] press release dated: May 3, 2021)
The acting heads of the Federal Trade Commission and Consumer Financial Protection Bureau (CFPB) have sent joint notification letters to the nation’s largest apartment landlords, which collectively own more than 2 million units, reminding them of their obligations under the ongoing national eviction moratorium put in place as a result of the ongoing COVID-19 pandemic. The moratorium, which was recently extended by the Centers for Disease Control and Prevention (CDC) until June 30, 2021, prohibits evictions in certain circumstances in order to keep people in their homes and prevent the spread of the disease...05-06-2021, 11:28 PM -
U.S. Department of Veterans Affairs stands up Commission to Recommend new Veterans Health Administration Under Secretary | site |
(Information contained in U.S Department of Veterans Affairs press release dated: March 9, 2021)
Washington - - The Department of Veterans Affairs (VA) established a commission to identify candidates to lead and manage the Veterans Health Administration (VHA). The position is for the Under Secretary for Health, who oversees the country’s largest health care system — which has an approximate annual budget of $61 billion — and supervises the delivery of care to more than 9 million enrolled Veterans. By law, the appointment is made without regard to political affiliation and solely on demonstrated ability in the medical profession, policy formulation, and health care administration and fiscal management. Those being considered must have substantial experience in connection with the programs of VHA or prog...03-16-2021, 01:27 PM -
U.S. Securities and Exchange Commission Division of Examinations Announces 2021 Examination Priorities | site |
Enhanced Focus on Climate-Related Risks
(Information contained in U.S. Securities and Exchange Commission [SEC] press release dated: March 3, 2021)
Washington D.C., March 3, 2021 - - The Securities and Exchange Commission’s Division of Examinations today announced its 2021 examination priorities, including a greater focus on climate-related risks. The Division will also focus on conflicts of interest for brokers (Regulation Best Interest) and investment advisers (fiduciary duty), and attendant risks relating to FinTech in its initiatives and examinations. The Division publishes its examination priorities annually to provide insights into its risk-based approach, including the areas it believes present potential risks to investors and the integrity of the U.S. capital markets. “This year, the Division is enhancin...03-08-2021, 04:34 AM -
Federal Election Commission Approves Advisory Opinion, holds Administrative Review Hearing| site |
(Information contained in Federal Election Commission [FEC] press release dated: February 25, 2021)
Washington - - At its open meeting today, the Federal Election Commission approved an advisory opinion. The Commission also held an administrative review hearing at the request of a 2016 presidential campaign committee regarding a matching funds repayment determination made by the Commission in 2019.
Advisory Opinion Request 2021-02 (FEN-PAC) The Commission approved an advisory opinion request from the Full Employment Now-Political Action Committee (FEN-PAC), an independent expenditure-only political committee, regarding whether it may use aggregate data about FEN-PAC contributors in communications with members of Congress and Congressional candidates on matters involving legislative and policy issues. The Commission concluded...03-02-2021, 12:17 AM -
Federal Communications Commission announces Winning Bidders in C-Band Action | site |
FCC says "Auction of 3.7 GHz Service Licenses Yields Over $81 Billion in Gross Bids and Provides Much-Needed Mid-Band Spectrum for 5G Services"
(Information contained in Federal Communications Commission [FCC] press release dated: February 24, 2021) Washington, February 24, 2021 - - The Federal Communications Commission today announced the winning bidders and the final bid totals in Auction 107—commonly referred to as the C-band auction. As detailed in today’s Public Notice, Auction 107 net winning bids totaled $81,114,481,921 and gross winning bids totaled $81,168,677,645. Twenty-one bidders won all of the available 5,684 licenses. “It is essential to America’s economic recovery that we deliver on the promise of next-generation wireless services for everyone, everywhere,” said FCC Acting Chairwoman Jessica Rosenworcel. “This au...02-25-2021, 06:30 AM -
Federal Election Commission says District Court issues Opinion in FEC v. Rivera | site |
(Information contained in Federal Election Commission [FEC] press release dated: February 23, 2021)
Washington - - The United States District Court for the Southern District of Florida issued an Order in FEC v. Rivera (Case No. 17-22643) on Tuesday, granting the Commission’s Motion for Summary Judgment.
In 2017, the Commission brought suit against David Rivera, a former member of Congress from Florida’s 25th Congressional District, alleging that he had knowingly and willfully made contributions in the name of another in connection with the 2012 primary election campaign of another candidate in the state’s 26th Congressional District. The Commission sought a civil penalty of $456,000, which the district court granted....02-25-2021, 03:40 AM -
New Federal Trade Commission Data Show Massive Increase in Romance Scams, $304M in Losses | site |
Data spotlight shows reported losses up 50 percent from 2019
(Information contained in Federal Trade Commission [FTC] press release dated: February 10, 2021)
More consumers than ever report falling prey to romance scammers, according to new Federal Trade Commission data that show consumers reported losing a record $304 million to the scams last year. A newly released data spotlight shows that the amount consumers reported losing to romance scammers is up about 50 percent since 2019, and has increased more than fourfold since 2016. Scammers draw people in using pictures stolen from around the internet, building false personas that seem just real enough to be true, but always having a reason never to meet in person. Eventually, the supposed suitor will ask for money from the unwitting consumer. The impact can be major, with the ...02-10-2021, 03:32 PM -
Federal Election Commission announces 2021-2022 Campaign Cycle Contribution Limits | site |
(Information contained in Federal Election Commission [FEC] press release dated: February 2, 2021)
Washington - - The Federal Election Commission announced updated contribution limits that have been indexed for inflation and are effective for federal elections in 2021-22. The Bipartisan Campaign Reform Act of 2002 (BCRA) included provisions that indexed some contribution limits for inflation. The limit on individuals’ contributions to candidates, for example, was set at $2,000 per election in BCRA; it is adjusted at the start of each new election cycle. Adjustments are announced after the Department of Labor determines the inflation rate for the previous election year. During the current two-year election cycle the limit for contributions by individuals to federal candidates for President, the U.S. Senate and the U.S. House of R...02-03-2021, 04:03 PM -
Federal Communications Commission Announces Tentative Agenda for February Open Meeting | site |
(Information contained in Federal Communications Commission [FCC] press release dated: January 27, 2021)
Washington, January 27, 2021 - - Federal Communications Commission Acting Chairwoman Jessica Rosenworcel announced that the items below are tentatively on the agenda for the February Open Commission Meeting scheduled for Wednesday, February 17, 2021:
Presentation on the Emergency Broadband Benefit Program – The Commission will hear a presentation on the creation of an Emergency Broadband Benefit Program. Congress charged the FCC with developing a new $3.2 billion program to help Americans who are struggling to pay for internet service during the pandemic.
Presentation on COVID-19 Telehealth Program – The Commission will hear a presentation about the next steps for the agency’s COVID-19 Telehealth program. Congress...02-01-2021, 02:36 PM -
Federal Election Commission holds Audit Hearing, Approves Audit Division Recommendation Memorandum | site |
(Information contained in Federal Election Commission [FEC] press release dated: January 28, 2021)
Washington - - The Federal Election Commission today held an audit hearing and an open meeting, where it approved an Audit Division recommendation memorandum. The Commission had previously approved by tally vote an advisory opinion that was on the open meeting agenda.
Draft Final Audit Report on the Grassroots Victory PAC. The Commission held a hearing to discuss the Draft Final Audit Report of the Audit Division on the Grassroots Victory PAC, covering campaign finance activity between January 1, 2017 and December 31, 2018. The draft report contains a finding of Misstatement of Financial Activity – Increased Activity.
Audit Division Recommendation Memorandum on the Mississippi Republican Party. At its open...01-30-2021, 02:22 PM -
Remarks Of Acting Chairwoman Jessica Rosenworcel Federal Communications Commission | site |
(Information contained in Federal Communications Commission [FCC] speech release dated: January 25, 2021)
Remarks of
Acting Chairwoman Jessica Rosenworcel
Federal Communications Commission
January 25, 2021
January 25, 2021 - - Good afternoon. It is an absolute honor to address you today as Acting Chairwoman. As you may know, last week President Biden designated me to take the reins of the Federal Communications Commission. I thank the President for the opportunity to lead this great agency at a time when its work is more important than ever before. The FCC staff is not just uncommonly talented and knowledgeable about communications law and policy, it’s also an exceptional group of public servants. I think public service is a special calling. I also like to think it...01-27-2021, 01:05 AM -
Federal Trade Commission Brings First-Ever Cases Under the BOTS Act | site |
FTC says ticket brokers will face partially suspended judgment of more than $31 million in civil penalties
(Information extracted from Federal Trade Commission [FTC] press release dated: January 22, 2021) The Federal Trade Commission is taking legal action against three ticket brokers based in New York who allegedly used automated software to illegally buy up tens of thousands of tickets for popular concerts and sporting events, then subsequently made millions of dollars reselling the tickets to fans at higher prices. The three ticket brokers will be subject to a judgment of more than $31 million in civil penalties for violating the Better Online Ticket Sales (BOTS) Act, under a proposed settlement reached with the FTC. Due to their inability to pay, the judgment will be partially suspended, requiring them to pay $3.7 million. This is the first case br...01-25-2021, 01:47 AM -
Allison Herren Lee Named Acting Chair of the U.S. Securities and Exchange Commission | site |
(Information contained in U.S. Securities and Exchange Commission [SEC] press release dated: January 21, 2021)
Washington D.C., Jan. 21, 2021 - - The Securities and Exchange Commission announced today that President Joseph R. Biden, Jr. has designated Allison Herren Lee as Acting Chair of the agency. “It’s an honor to continue my service on the Commission in this new role,” Acting Chair Lee said. “I have tremendous respect for my colleagues on the Commission and the exceptional staff across the agency, and look forward to working closely with them. Together we will continue the agency’s work of protecting investors and ensuring market integrity.” “During my time as Commissioner, I have focused on climate and sustainability, and those issues will continue to be a priority for me,” Lee added. Acting Chair Lee was sworn in as Commissio...01-23-2021, 02:31 AM -
Jessica Rosenworcel Designated the Acting Chairwoman of the Federal Communications Commission by President Biden | site |
(Information contained in Federal Communications Commission [FCC] press release dated: January 21, 2021)
Washington, January 21, 2021 - - Today, President Joseph R. Biden designated FCC Commissioner Jessica Rosenworcel as Acting Chairwoman of the Federal Communications Commission.
Statement of Jessica Rosenworcel on being Designated the Acting Chairwoman of the Federal Communications Commission by President Biden:
“I am honored to be designated as the Acting Chairwoman of the Federal Communications Commission by President Biden. I thank the President for the opportunity to lead an agency with such a vital mission and talented staff. It is a privilege to serve the American people and work on their behalf to expand the reach of communications opportunity in the digital age.”
...01-22-2021, 11:13 PM -
Federal Trade Commission Commissioner Rebecca Kelly Slaughter Designated Acting Chair of the Agency | site |
(Information contained in Federal Trade Commission [FTC] press release dated: January 21, 2021) President Joseph R. Biden designated Rebecca Kelly Slaughter as Acting Chair of the Federal Trade Commission. Slaughter has served as a Commissioner since May 2018. “I am deeply honored and grateful to lead an agency that is critical to helping the U.S. economy get back on its feet and function more fairly for all Americans,” Slaughter said. “I want to express my sincere appreciation for the excellent leadership of Chairman Simons during a time of unprecedented challenges.” As a Commissioner, Slaughter has been an advocate for greater resources for the FTC and promoted equity and inclusion efforts. She has championed aggressive use of the FTC’s authorities. She has also been particularly outspoken about combatting systemic racism, g...01-22-2021, 08:48 AM -
Federal Trade Commission Publishes Annual Performance Report | site |
(Information contained in Federal Trade Commission [FTC] press release dated: January 19, 2021)
The Federal Trade Commission published its Fiscal Year 2020 Performance Report as required under the Government Performance and Results Modernization Act of 2010. The report documents the progress made by the Commission in achieving the mission and performance goals established in the Fiscal Year 2020-2021 Performance Plan. Also, as required by the Government Performance and Results Modernization Act during a transition in administration, the Commission will submit its Fiscal 2021-2022 Performance Plan along with its Fiscal Year 2022 budget request in support of the President’s FY 2022 budget for the federal government later this year.
The Commission vote to submit the Performance Report to Congress was 5-0....01-20-2021, 10:12 PM -
Chairman Pai Statement upon departing the Federal Communications Commission | site |
(Information contained in Federal Communications Commission [FCC] statement release dated: January 20, 2021) Washington, January 20, 2021 - - Federal Communications Commission Chairman Ajit Pai today concluded his four years as Chairman, eight years as a Commissioner, and twelve years as an employee of the agency. Chairman Pai issued the following statement as he prepared to formally submit his resignation: “Serving the American people as Chairman of the FCC has been the greatest honor of my professional life. Over the past four years, we have delivered results for the American people, from narrowing the digital divide to advancing American leadership in 5G, from protecting consumers and national security to keeping Americans connected during the pandemic, from modernizing our media rules to making the agency more transparent and nimble. It has been a privilege to...01-20-2021, 09:28 PM -
Federal Trade Commission Chairman Simons Announces his Resignation | site |
(Information contained in Federal Trade Commission [FTC] press release dated: January 19, 2021) Federal Trade Commission Chairman Joseph J. Simons announced his resignation from the Commission today, effective January 29, 2021. “It’s been a great honor to lead this incredible organization filled with so many talented people working on behalf of American consumers,” Simons said. “As technology and our economy continue to evolve through the digital age, the FTC’s staff work tirelessly so that consumers continue to benefit from a fair and competitive marketplace. It’s been a privilege to be part of that effort.” Simons was sworn in as Chairman of the FTC on May 1, 2018, having previously served as Director of the agency’s Bureau of Competition between 2001 and 2003 and in other senior positions in the Bureau during the 1980s. As Chairman, he has focused on vigo...01-20-2021, 05:17 AM -
U.S. Securities and Exchange Commission announces Fee Rate Advisory #2 for Fiscal Year 2021 | site |
(Information contained in U.S. Securities and Exchange Commission [SEC] press release dated: January 15, 2021) Washington D.C., Jan. 15, 2021 - - The Securities and Exchange Commission today announced that starting on February 25, 2021, the fee rates applicable to most securities transactions will be set at $5.10 per million dollars. Consequently, each SRO will continue to pay the Commission a rate of $22.10 per million for covered sales occurring on charge dates through February 24, 2021, and a rate of $5.10 per million for covered sales occurring on charge dates on or after February 25, 2021. The reduction in the fee rate for fiscal year 2021 is due primarily to the substantially higher dollar amount of covered sales in recent months, a trend that began in March of 2020 due to record market volume during the COVID-19 pandemic, which has re...01-19-2021, 05:37 AM -
Federal Election Commission approves Advisory Opinion, Audit Documents | site |
(Information contained in Federal Election Commission [FEC] press release dated: January 14, 2021)
Washington - - The Federal Election Commission today unanimously approved an advisory opinion and an Audit Division recommendation memorandum. The Commission approved a Proposed Final Audit Report and another recommendation memorandum in a tally vote prior to its open meeting, and it held over discussion of a third recommendation memorandum.
Welcoming Remarks Chair Shana M. Broussard opened the meeting today with remarks based on a written statement.
Advisory Opinion 2020-02 (Bertrand) The Commission approved an advisory opinion in response to a request from Jean-Marc Bertrand, agreeing to a revised final text in a tally vote completed after the open meeting. Based on Mr. Bertrand’s representation that he is a U.S. citizen, the Commission...01-19-2021, 05:17 AM -
Federal Election Commission publishes Statistical Summary of 21-Month Campaign Activity of the 2019-2020 Election Cycle | site |
(Information contained in Federal Election Commission [FEC] press release dated: January 13, 2021) Presidential candidates raised $3.6 billion and spent over $3.3 billion in the first 21 months of the 2019-2020 election cycle, according to campaign finance reports filed with the Federal Election Commission that cover activity from January 1, 2019 through September 30, 2020. Congressional candidates collected approximately $3 billion and disbursed approximately $2.3 billion, political parties received $2.2 billion and spent nearly $1.8 billion, and political action committees (PACs) raised approximately $9.1 billion and spent nearly $8.2 billion in the 21-month period. Disbursements for independent expenditures reported in this period totaled $1.4 billion. Electioneering communications and communication costs reported to the Commiss...01-19-2021, 01:54 AM -
U.S. Securities and Exchange Commission issues Over $1.1 Million to Multiple Whistleblowers | site |
(Information contained in U.S. Securities and Exchange Commission [SEC] press release dated: January 7, 2021)
Washington D.C., Jan. 7, 2021 - - The Securities and Exchange Commission (SEC) today announced awards totaling more than $1.1 million to five whistleblowers who provided high-quality information that led to successful enforcement actions. In the first order, the SEC awarded three whistleblowers almost $500,000 in connection with two related enforcement actions. The first whistleblower provided information that prompted the opening of an investigation. The second and third whistleblowers provided information that significantly contributed to the success of the actions, and contributed additional, helpful assistance to the investigative staff. In the second order, the SEC awarded nearly $600,000 to a whistleblower whose information cause...01-09-2021, 06:11 PM -
Remarks of Federal Communications Commission Chairman Ajit Pai to the Free State Foundation | site |
(Information contained in Federal Communications Commission [FCC] speech release: January 8, 2021)
REMARKS OF FCC CHAIRMAN AJIT PAI
TO THE FREE STATE FOUNDATION
JANUARY 8, 2021
Good morning, everybody. It’s great to be with you. Thanks to Randy May and everybody at the Free State Foundation for hosting me. More important, thanks to Randy and everybody at Free State for your work over the years. From your steadfast advocacy for a market-based regulatory framework to your thoughtful proposals for FCC process reform, you’ve helped build an intellectual foundation for important changes to what we do and how we do it. As for me? Well, I’m now in the home stretch, with just days remaining in my tenure. Over the next couple of weeks, we’ll surely see stories assessing my time in the FCC’s top...01-08-2021, 08:52 PM -
Federal Communications Commission announces tentative Agenda for January Open Meeting | site |
(Information contained in Federal Communications Commission [FCC] press release dated: December 23, 2020) Washington, December 23, 2020 - - —Federal Communications Commission Chairman Ajit Pai announced the tentative agenda for the January Open Commission Meeting scheduled for Wednesday, January 13, 2021. Bureau, Office, and Task Force leaders will summarize the work their teams have done over the last four years in a series of presentations: Panel One – The Commission will hear presentations from the Wireless Telecommunications Bureau, International Bureau, Office of Engineering and Technology, and Office of Economics and Analytics. Panel Two – The Commission will hear presentations from the Wireline Competition Bureau and the Rural Broadband Auctions Task Force. Panel Three – The Commission will hear presentations from the Media Bureau and the Inc...01-01-2021, 08:33 PM -
Elad Roisman Named Acting Chairman of the U.S. Securities and Exchange Commission | site |
(Information contained in U.S. Securities and Exchange Commission [SEC] press release: December 28, 2020)
Washington D.C., Dec. 28, 2020 - - The Securities and Exchange Commission today announced that President Donald J. Trump has designated Elad L. Roisman as Acting Chairman of the agency.
Elad L. Roisman
Photo courtesy SEC)
"I am humbled and honored to serve as the Acting Chairman," said Acting Chairman Roisman. "During the time I am in this role, I am fully committed to maintaining the steady course that Chairman Clayton charted during his admirable tenure. I look forward to continuing...12-29-2020, 07:34 AM -
Federal Election Commission Chair and Vice Chair Elected | site |
Shana M. Broussard elected Chair, Allen Dickerson elected Vice Chair for 2021
(Information contained in Federal Election Commission [FEC] press release dated: December 22, 2020)
Washington - - The Federal Election Commission has elected Shana M. Broussard to serve as Chair and Allen Dickerson as Vice Chair for 2021.
Commissioners Broussard and Dickerson were sworn in as Commissioners last week, along with Commissioner Sean J. Cooksey. The three were nominated by President Donald J. Trump and confirmed by the United States Senate earlier this month. Commissioner Broussard of Louisiana joined the Commission in 2008 as an attorney in the Enforcement Division of the Office of General Counsel. Beginning in 2015, she served on detail as Counsel for Commissioner Steven T. Walther. Commissioner Broussard earned her B.A. from Dillard University and her J.D...12-26-2020, 11:55 PM -
U.S. Securities and Exchange Commission Proposes Amendments to Rule 144 and Form 144 | site |
Designed to Reduce Risk of Unregistered Distributions
(Information included in U.S. Securities and Exchange Commission [SEC] press release: December 22, 2020)
Washington D.C., Dec. 22, 2020 - - The Securities and Exchange Commission today voted to propose an amendment to Rule 144 under the Securities Act of 1933 to revise the holding period determination for securities acquired upon the conversion or exchange of certain "market-adjustable securities." The proposed amendment is intended to reduce the risk of unregistered distributions in connection with sales of those securities. The Commission also voted to propose amendments to update and simplify the Form 144 filing requirements. "Today's proposed amendments modernize, clarify and strengthen Rule 144, including to ensure that holders of market-adjustable securities are assumin...12-26-2020, 04:51 PM -
Federal Trade Commission Data Show Gift Cards Remain Scammers’ Favorite Payment Method | site |
(Information contained in Federal Trade Commission [FTC] press release: December 21, 2020)
A new data analysis by the Federal Trade Commission shows that gift cards continue to be the most common form of payment when consumers report losing money to most scammers. Since 2018, the data analysis shows consumers have reported spending nearly $245 million on gift cards that they used to pay scammers for a wide variety of scams. Most often, consumers that use gift cards to pay a scammer are drawn in by an imposter scam. These can take on many forms, but the ones most likely to rely on gift cards as a payment method were government imposters, family imposters, business imposters, and tech support scams. In these scams, the scammers convince consumers that they must pay using gift cards. The reasons they present vary, but they always come back to the...12-22-2020, 01:18 PM -
U.S. Securities and Exchange Commission releases 2020 Office of Credit Rating Reports| site |
(Information contained in U.S. Securities and Exchange Commission [SEC] press release: December 18, 2020) Washington D.C., Dec. 18, 2020 - - The Securities and Exchange Commission today issued the Annual Report on Nationally Recognized Statistical Rating Organizations (NRSROs) and the 2020 Summary Report of Commission Staff’s Examinations of Each Nationally Recognized Statistical Rating Organization. The annual report discusses, among other topics, the state of competition, transparency, and conflicts of interest among the firms. The exam report provides a comprehensive overview of the Office of Credit Rating (OCR)’s examinations of the NRSROs, including, among other things, the staff’s essential findings and recommendations. “The Office of Credit Ratings and its oversight of the NRSROs is an important aspect of the Commission’s overall focus on investor prote...12-22-2020, 12:31 PM -
U.S. Securities and Exchange Commission Awards More Than $300,000 to Whistleblower with Audit Responsibilities | site |
(Information contained in U.S. Securities and Exchange Commission [SEC] press release: December 14, 2020) Washington D.C., Dec. 14, 2020 - - The Securities and Exchange Commission today announced an award of more than $300,000 to a whistleblower whose high-quality information and continuing assistance significantly contributed to a successful enforcement action. The whistleblower became aware of the potential securities law violations in connection with audit-related responsibilities. Although individuals with audit or compliance responsibilities are generally not eligible for awards, a whistleblower who reasonably believes that an entity is engaging in conduct that would impede the investigation falls within one of the exceptions to that rule. Here, the whistleblower had a reasonable basis to believe that the entity would impede...12-15-2020, 07:33 AM -
Federal Communications Commission Rules that Government Contractors must have Consent before Robocalling Consumers | site |
FCC says Commission Protects Americans from Unwanted Federal, State, and Local Government Contractor Robocalls
(Information contained in Federal Communications Commission [FCC] press release: December 14, 2020) Washington, December 14, 2020 - - The Federal Communications Commission has ruled that government contractors must have consent before robocalling consumers. Today’s order reconsidered a 2016 interpretation of the Telephone Consumer Protection Act adopted by the prior FCC that allowed federal contractors to robocall consumers without their prior express consent. The Order on Reconsideration confirms that contractors working for federal, state, or local governments—along with local governments themselves—must obtain consumer consent before making robocalls. The Commission also clarified that federal and state ...12-14-2020, 08:44 PM -
U.S. Securities and Exchange Commission Staff Supplements Quarterly Private Funds Statistics | site |
(Information contained in U.S. Securities and Exchange Commission [SEC] press release dated: December 10, 2020)
Washington D.C., Dec. 10, 2020 - - The Securities and Exchange Commission staff today published an expanded suite of data and analyses of private fund statistics and trends.
The Private Funds Statistics, released quarterly since October 2015 by the Division of Investment Management’s Analytics Office, offers investors and other market participants valuable insights by aggregating data reported by private fund advisers on Form ADV and Form PF. The most recent version of the report, published today, includes new statistics that offer more detailed reporting of the aggregate investment exposures by asset type for certain hedge funds as well as new analysis of private funds' borrowing, beneficial ownership, and use...12-14-2020, 02:30 AM -
Statement of Secretary Steven T. Mnuchin Department of the Treasury Before the Congressional Oversight Commission U.S. Congress December 10, 2020 | site |
(Information contained in U.S. Department of the Treasury press release: December 10, 2020)
December 10, 2020
Statement of Secretary Steven T. Mnuchin Department of the Treasury Before the Congressional Oversight Commission U.S. Congress December 10, 2020
Senator Toomey, Representative Hill, Representative Shalala, and Commissioner Ramamurti, I am pleased to join you today to discuss the Department of the Treasury’s work to execute the National Security Loan Program established in the CARES Act. Treasury has worked diligently to implement every piece of the CARES Act, including the National Security Loan Program, efficiently and transparently.
NATIONAL SECURITY LOAN PROGRAM The CARES Act provides funding for up to $17 billion in loans to...12-14-2020, 01:46 AM -
Federal Communications Commission Affirms Designation of Huawei as National Security Threat | site |
Upholds Ban on Universal Service Fund Spending on Huawei Equipment
(Information contained in Federal Communications Commission [FCC] press release: December 11, 2020)
Washington, December 10, 2020—The Federal Communications Commission today took another important step to secure the nation’s critical communications infrastructure by voting to deny Huawei Technologies Co.’s application for review of a June 30, 2020 order designating the company, as well as its parents, affiliates, and subsidiaries, as posing a national security threat to the safety of communications networks and the communications supply chain. In the June order, the Commission’s Public Safety and Homeland Security Bureau formally designated Huawei as a covered company for purposes of the agency’s November 2019 ban on the use of support from the Commission’s...12-14-2020, 01:11 AM -
Mr. Robert Stebbins to Conclude Tenure as U.S. Securities and Exchange Commission General Counsel | site |
(Information contained in U.S. Securities and Exchange Commission [SEC] press release: December 8, 2020) Washington D.C., Dec. 8, 2020 - - The U.S. Securities and Exchange Commission today announced that Robert B. Stebbins will conclude his tenure as General Counsel in early January, after serving over three and a half years as the agency's chief legal officer. During his tenure, Mr. Stebbins led the Office of the General Counsel (OGC), which includes over 150 professionals and is responsible for supporting a wide range of key functions across the agency. The office advises on all rulemaking, guidance and other Commission and staff policy matters; advises on all Commission enforcement actions; litigates non-enforcement matters and appeals on behalf of the agency; advises on matters related to the Commission's budget, real estate leasing, intelle...12-09-2020, 02:21 AM -
Federal Communications Commission Begins Major 5G Spectrum Auction; C-Band Auction of Mid-Band Spectrum Will Further American 5G Leadership | site |
FCC says Auction of Mid-Band Spectrum Will Further American 5G Leadership
(Information contained in Federal Communications Commission [FCC] press release: December 8, 2020) Washington, December 8, 2020 - - The Federal Communications Commission today kicked off its latest 5G spectrum auction, making available 280 megahertz of prime mid-band spectrum in the 3.7-3.98 GHz band—a portion of the C-band. This is the FCC’s largest mid-band 5G spectrum auction to date. “This is a big day for American consumers and U.S. leadership in 5G,” said FCC Chairman Ajit Pai. “By freeing up this wide swath of critical mid-band spectrum, the FCC is paving the way for Americans to receive fast 5G wireless services. Together with the recent success of our 3.5 GHz band auction, our work to auction the...12-08-2020, 11:31 PM -
U.S. Consumer Product Safety Commission says Protect Your Family During Winter and COVID-19 | site |
(Information contained in U.S. Consumer Product Safety Commission [CPSC] press release: December 7, 2020)
Washington, D.C. – With the COVID-19 pandemic getting worse, and winter’s colder months limiting outdoor activity, the U.S. Consumer Product Safety Commission (CPSC) urges housebound consumers to be alert to hidden hazards in the home. Here are some life-saving tips:
Warm Up Safely
Planning to use a fireplace or space heater to keep warm?- Follow the manufacturer’s instructions.
- Keep material, such as curtains, sofas, beds, clothes and papers at least three feet away from space heaters.
- Have fireplace flues and chimneys and other fuel-burning appliances, such as your furnace, inspected by a professional before each heating season.
- Always plug space heaters directly into a wall outlet. Never plug a space
12-08-2020, 10:37 PM -
U.S. Securities and Exchange Commission Announces Office Focused on Innovation and Financial Technology | site |
FinHub Specialized Unit to Become Stand-Alone Office
(Information contained in U.S. Securities and Exchange Commission [SEC] press release: December 3, 2020) Washington D.C., Dec. 3, 2020 — - The Securities and Exchange Commission today announced that the SEC's Strategic Hub for Innovation and Financial Technology, commonly referred to as FinHub, will become a stand-alone office. Valerie A. Szczepanik will continue to lead FinHub as its first director and will report directly to the SEC Chairman. Established within the Division of Corporation Finance in 2018, FinHub has spearheaded agency efforts to encourage responsible innovation in the financial sector, including in evolving areas such as distributed ledger technology and digital assets, automated investment advice, digital marketplace financing, and artificial intellig...12-07-2020, 09:21 PM -
U.S. Consumer Product Safety Commission's Regulatory Robot helps Manufacturers find Product Safety Information | site |
Washington, DC - - The U.S. Consumer Product Safety Commission's (CPSC) Regulatory Robot may prove helpful to businesses creating products for consumer use. CPSC says, "We've designed our Regulatory Robot to guide you through our requirements to identify important product safety requirements that you should review before manufacturing or importing your consumer product".
More information on the Regulatory Robot may be found at https://cpsc.gov/Business--Manufactu...cts-Start-Here or press HERE .
12-03-2020, 01:03 AM -
Federal Communications Commission to Host Webinar on Virtual Volunteerism on Dec. 2 | site |
(Information contained in Federal Communications Commission [FCC] release: November 24, 2020)
The FCC's Consumer and Governmental Affairs Bureau will host a webinar on Virtual Volunteerism: leveraging broadband to match individual volunteers with nonprofit organizations and provide services. The free webinar will begin Dec. 2 at 1 p.m. ET.
Editor's note: The FCC Public Notice detailing the webinar may be viewed at https://docs.fcc.gov/public/attachme...C-368347A1.pdf or press HERE
11-27-2020, 04:36 AM -
U.S. Securities and Exchange Commission Issues Statement on European Central Counterparties Seeking to Register or Request Exemptions From the SEC | site |
(Information contained in U.S. Securities and Exchange Commission [SEC] press release: November 23, 2020) Washington D.C., Nov. 23, 2020 - - The Securities and Exchange Commission today issued a Policy Statement and Guidance focused on central counterparties (CCPs) authorized under the European Markets Infrastructure Regulation (EMIR) that may seek to access and operate in the U.S. securities markets. The Statement provides transparency into the Commission’s processes and highlights efficient ways that CCPs based in the European Union (EU) can register as a clearing agency or request exemptions from certain requirements under the Securities Exchange Act of 1934. The SEC has a longstanding and collaborative relationship with its European counterparts with respect to supervision and enforcement of regulate...11-25-2020, 12:37 AM -
Federal Communications Commission Proposes Satellite Downlinks in the 17 GHz Band | site |
FCC says "Reform Would Make More Efficient Use of Spectrum While Supporting Deployment of Advanced Satellite-Based Broadband Services"
(Information contained in Federal Communications Commission [FCC] press release: November 18, 2020) WASHINGTON, November 18, 2020—The Federal Communications Commission today adopted a Notice of Proposed Rulemaking proposing to make 17 GHz band spectrum available for geostationary orbit fixed-satellite downlink operations. With advanced, high-throughput satellite systems’ reliance on downlink (transmissions in the space-to-Earth direction) capacity for delivering satellite-based services like broadband, the Commission is initiating this rulemaking to empower next-generation satellites to help bridge the digital divide. Today’s action seeks comment on proposed changes to the U.S. Table of Frequency Allocations a...11-19-2020, 08:01 AM -
U.S. Securities and Exchange Commission Awards Over $1.1 Million to Whistleblower for Independent Analysis | site |
(November 13, 2020) - - Today the U.S. Securities and Exchange Commission (SEC) published the following information: Washington D.C., Nov. 13, 2020 — The Securities and Exchange Commission today announced an award of over $1.1 million to a whistleblower whose independent analysis led the staff to look at new conduct during an ongoing investigation. The whistleblower’s information and exemplary assistance helped the agency bring an emergency action preventing further investor harm. This whistleblower examined publicly available materials and conducted an analysis that revealed important new insights into the securities law violations, which helped the SEC protect investor assets from dissipation by the wrongdoer. “Today’s award reflects the Commission’s commitment to award whistleblowers who provide high-quality independent analysis,” said Jane ...11-13-2020, 05:45 PM -
Federal Communications Commission says 2019 Broadband Deployment Data show Digital Divide is Closing | site |
Gains for Rural Americans Across the Country
(November 12, 2020) - - On November 12, 2020 the Federal Communications Commission (FCC) published the following information: WASHINGTON, November 12, 2020—The Federal Communications Commission’s Office of Economics and Analytics today released data showing that the digital divide is closing. At the end of 2019, the number of Americans living in areas without access to terrestrial fixed broadband with speeds of at least 25/3 Mbps—the Commission’s benchmark for high-speed broadband—fell to 14.5 million, a 46% decrease from the end of 2016. Services at higher speeds saw even more significant deployment, with the number of Americans living in areas without broadband speeds of at least 250/25 Mbps falling by 77% since the end of 2016. During that three-year period, the number of rural Am...11-13-2020, 04:07 PM