Tuesday - March 28, 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

SEC Obtains Asset Freeze in Suspected Insider Trading on Mobileye N.V. Acquisition
WASHINGTON, March 24 -- The Securities and Exchange Commission issued the following litigation release:

The Securities and Exchange Commission today announced it has obtained an emergency court order to freeze the assets of two Israeli traders who used brokerage accounts in the U.S. to reap nearly $5 million in trading profits in advance of the March 13, 2017, announcement that Intel Corp. had agreed to acquire Israel-based Mobileye N.V.

The SEC's emergency action to freeze the proceeds of the traders' highly suspicious transactions ensures that the potentially illegal profits cannot be removed ... Show Full Article

Overseas Traders Paying Back All Profits Plus Penalties in Insider Trading Case
WASHINGTON, March 24 -- The Securities and Exchange Commission issued the following news release:

The Securities and Exchange Commission today announced that three Peruvian traders have agreed to settle a pending case alleging that they traded on nonpublic information prior to the merger of two mining companies.

The SEC filed its complaint in September 2016, and the settlements were approved today in U.S. District Court for the Southern District of New York.

Nino Coppero del Valle, the alleged tipper who worked at one of the companies, agreed to pay full disgorgement of $53,607.70 plus ... Show Full Article

NRC Receives Event Notification on Programmatic Failures
WASHINGTON, March 24 -- The Nuclear Regulatory Commission issued the following event notification (52636) involving Point Beach 1 and 2 of Wisconsin:

Event Text

SIGNIFICANT FFD POLICY VIOLATIONS OR PROGRAMMATIC FAILURES

"On 3/23/17, at 0325 hours CDT, it was discovered that a prohibited item was present in the protected area from 0508-1718 hours on 3/22/17, which resulted in a reportable condition pursuant to 10 CFR 26.719(b)(1).

"The licensee has notified the NRC Resident Inspector."

Power Reactor

Event Number: 52636

Facility: POINT BEACH

Region: 3 State: WI

Unit: [1] ... Show Full Article

NRC Receives Event Notification on Prescribed Patient Dosage
WASHINGTON, March 24 -- The Nuclear Regulatory Commission issued the following event notification (52614) involving Siouxland Urology Center, Dakota Dunes, South Dakota:

Event Text

MEDICAL EVENT - PATIENT DOSAGE HIGHER THAN PRESCRIBED

At approximately 0800 CDT today, a patient was treated with 110 Palladium-103 seeds (1.68 milliCuries each) to the prostrate. The quantity was determined by calculation for a prescribed dose of 125 Gy, however the calculation was incorrect. The mistake was discovered after the patient's treatment. Only 80 seeds should have been implanted. The activity injected ... Show Full Article

NRC Receives Event Notification on Fitness-for-Duty Report
WASHINGTON, March 24 -- The Nuclear Regulatory Commission issued the following event notification (52632) involving Diablo Canyon 1 of California:

Event Text

FITNESS-FOR-DUTY REPORT INVOLVING DISCOVERY OF KOMBUCHA TEA INSIDE THE PROTECTED AREA

An employee reported finding a container of herbal tea (Kombucha) in the Administrative Building refrigerator which is inside the Protected Area. Kombucha tea is a fermented tea containing trace amounts of alcohol. A similar incident occurred on 6/16/2016. The licensee issued a communication to all employees at that time identifying that Kombucha ... Show Full Article

Massachusetts-Based TelexFree President Sentenced to 6 Years Imprisonment for Operating Pyramid Scheme
WASHINGTON, March 24 -- The Securities and Exchange Commission issued the following litigation release:

On March 22, 2017, James M. Merrill, of Ashland, Massachusetts, the former president of TelexFree, Inc. and TelexFree, LLC, was sentenced to 6 years in federal prison and 3 years of supervised release for his role in operating a pyramid scheme through TelexFree.

On May 9, 2014, Merrill and another defendant, Carlos N. Wanzeler, who is a fugitive located in Brazil, were charged in a federal criminal complaint with conspiracy to commit wire fraud. The criminal charges against Merrill arose ... Show Full Article

FCC Commissioner Pai Issues Statement on Cellular Service Reform
WASHINGTON, March 24 -- The Federal Communications Commission issued the following statement by Chairman Ajit Pai on cellular service reform:

Re: Amendment of Parts 1 and 22 of the Commission's Rules with Regard to the Cellular Service, Including Changes in Licensing of Unserved Area, WT Docket No. 12-40, RM No, 11510; Amendment of the Commission's Rules with Regard to Relocation of Part 24 to Part 27; Interim Restrictions and Procedures for Cellular Service Applications; Amendment of Parts 0, 1, and 22 of the Commission's Rules with Regard to Frequency Coordination for the Cellular Service; ... Show Full Article