Thursday - August 24, 2017
Federal Regulatory Agencies

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

Featured Stories

NRC Receives Event Notification on Material Identified Lost After Inventory
WASHINGTON, Aug. 22 -- The Nuclear Regulatory Commission issued the following event notification (52900) on material identified lost after inventory:

MATERIAL IDENTIFIED LOST AFTER INVENTORY

The NIST (National Institute of Standards and Technology) determined that 24.9 microCuries of Cf-252 is being considered lost after performing an examination of inventory records. The missing material was identified during a leak test conducted on Wednesday August, 9, 2017. After identification of the missing material, NIST performed a physical inspection of all laboratories and examined physical inventory ... Show Full Article

FDIC Chairman Issues Opening Statement on Second Quarter Banking Profile
WASHINGTON, Aug. 22 -- The Federal Deposit Insurance Corporation issued the text of the following speech by Chairman Martin J. Gruenberg on the second quarter 2017 banking profile:

"Good morning, and welcome to our release of second quarter 2017 results for FDIC-insured institutions.

"This was another positive quarter for the banking industry, as performance improved compared to last quarter and a year ago. Revenue and net income growth were both strong, profitability reached a post-crisis high, net interest margins improved, and the number of unprofitable banks and "problem banks" continued ... Show Full Article

SEC Issues Administrative Proceeding on Two Companies
WASHINGTON, Aug. 21 -- The Securities and Exchange Commission issued the following administrative proceeding (File No. 3-16649) involving Ironridge Global Partners and Ironridge Global IV on an order making findings and imposing remedial sanctions and imposing a cease-and-desist order pursuant to section 21c of the Securities Exchange Act of 1934:

In the Matter of

Ironridge Global Partners, LLC, and Ironridge Global IV, Ltd.

Respondents.

ORDER MAKING FINDINGS AND IMPOSING REMEDIAL SANCTIONS AND IMPOSING A CEASE-AND-DESIST ORDER PURSUANT TO SECTION 21C OF THE SECURITIES EXCHANGE ACT OF 1934

I.

On ... Show Full Article

NRC Receives Event Notification on Loss of Emergency Assessment Capability Due to Non-Functional TSC Ventilation
WASHINGTON, Aug. 21 -- The Nuclear Regulatory Commission issued the following event notification (52919) involving Byron nuclear plant, Ill.:

LOSS OF EMERGENCY ASSESSMENT CAPABILITY DUE TO NON-FUNCTIONAL TSC VENTILATION

"On August 20, 2017 at 2108 hours CDT, Byron Station Technical Support Center (TSC) ventilation system supply fan (0VV23C) was identified as non-functional. This failure affects the ability of the TSC ventilation system to maintain adequate radiological habitability in the event of an emergency with an airborne radiological release. All other capabilities of the TSC are unaffected ... Show Full Article

NRC Receives Event Notification on Degraded Safety Items Caused By Uranium Buildup
WASHINGTON, Aug. 21 -- The Nuclear Regulatory Commission issued the following event notification (52090) involving Westinghouse Electric nuclear plant, Columbia, S.C.:

DEGRADED SAFETY ITEMS CAUSED BY URANIUM BUILDUP

"On July 13, 2016, it was determined by the Environment, Health and Safety (EH&S) department that scrubber clean-out material, found in the S-1030 scrubber transition section during the annual maintenance shutdown that occurred in late May, potentially exceeded the uranium mass limit for the scrubber transition.

"(IROFS [Items Relied on for Safety] VENT-S1030-110) requires annual ... Show Full Article

MSRB Amends Municipal Fund Security Advertising Requirements
WASHINGTON, Aug. 21 -- The Municipal Securities Rulemaking Board issued the following news release:

The Municipal Securities Rulemaking Board (MSRB) received approval from the Securities and Exchange Commission (SEC) on Friday, August 18, 2017 to amend MSRB Rule G-21(e), on municipal fund security product advertisements by municipal securities dealers. The amendments will be effective on November 18, 2017. Read the approval notice.

"These changes ensure investors are alerted to the potential risks of investing in particular investment options of municipal fund securities," said MSRB Executive ... Show Full Article

Chairman Giancarlo Appoints Bruce Tuckman CFTC's Chief Economist
WASHINGTON, Aug. 21 -- The Commodity Futures Trading Commission issued the following news release:

U.S. Commodity Futures Trading Commission (CFTC) Chairman J. Christopher Giancarlo today appointed Bruce Tuckman, an internationally-recognized economist and expert in modern derivatives markets, as the agency's Chief Economist. In addition, Chairman Giancarlo also appointed former Chief Economist Sayee Srinivasan as Special Advisor in the Chairman's Office.

"It is with great pleasure that I welcome Bruce to the Commission," said Chairman Giancarlo. "He brings a wealth of experience and expertise ... Show Full Article