Tuesday - June 27, 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 Issues Administrative Proceeding on Wm Smith & Co
WASHINGTON, June 26 -- The Securities and Exchange Commission issued the following administrative proceeding (File No. 3-18046) involving Wm Smith and Co and William S. Smith:

In the Matter of WM SMITH & CO., and WILLIAM S. SMITH, Respondents.

ORDER INSTITUTING ADMINISTRATIVE AND CEASE-AND-DESIST PROCEEDINGS, PURSUANT TO SECTIONS 15(b) AND 21C OF THE SECURITIES EXCHANGE ACT OF 1934, MAKING FINDINGS, AND IMPOSING REMEDIAL SANCTIONS AND A CEASE-AND-DESIST ORDER

I. The Securities and Exchange Commission ("Commission") deems it appropriate and in the public interest that public administrative and ... Show Full Article

NRC Receives Event Notification on Unanalyzed Condition Identified
WASHINGTON, June 26 -- The Nuclear Regulatory Commission issued the following event notification (52811) involving Global Nuclear Fuel - Americas, Wilmington, N.C.:

UNANALYZED CONDITION IDENTIFIED

"At 1700 EDT on June 16, 2017 it was determined that an unanalyzed condition was identified that failed to meet performance criteria. This report is conservatively being made in accordance with 10CFR70 Appendix A (b)(1).

"In the powder process, a non-radioactive additive is added to a can of uranium in a hood. A previous process hazard analysis (PHA) determined that a criticality in the associated ... Show Full Article

NRC Receives Event Notification on Automatic Reactor Scram
WASHINGTON, June 26 -- The Nuclear Regulatory Commission issued the following event notification (52825) involving River Bend nuclear plant, Louisiana:

AUTOMATIC REACTOR SCRAM ON MAIN GENERATOR TRIP

"While performing a scheduled generator voltage regulator test, River Bend Station experienced an automatic scram when the main generator tripped. It is unknown at this time why the main generator tripped.

"There were no equipment issues that materially impacted post scram operator response.

"The intention at this time is to go to cold shutdown while the cause of the trip is investigated."

All ... Show Full Article

NRC Names New Senior Resident Inspector at Point Beach Nuclear Plant
WASHINGTON, June 26 -- The Nuclear Regulatory Commission issued the following news release:

The Nuclear Regulatory Commission has selected Tom Hartman as the new senior resident inspector at the Point Beach nuclear power plant. The two- unit nuclear power facility is operated by NextEra Energy Point Beach, LLC, and is located in Two Rivers, 13 miles northwest of Manitowoc, Wis.

"Tom Hartman's combination of experience and education reflect his capabilities and dedication to the NRC's mission of ensuring safe nuclear energy. As a senior resident inspector he will help ensure the plant maintains ... Show Full Article

FTC Requires Retail Fuel Station and Convenience Store Operator Alimentation Couche-Tard Inc. to Divest Up to 71 Fuel Stations as a Condition of Merger with Competitor CST Brands, Inc.
WASHINGTON, June 26 -- The Federal Trade Commission issued the following news release:

Retail fuel station and convenience store operator Alimentation Couche-Tard Inc. has agreed to divest up to 71 retail fuel stations with convenience stores to Empire Petroleum Partners in order to settle Federal Trade Commission charges that ACT's proposed $4.4 billion acquisition of competitor CST Brands, Inc. would violate federal antitrust law.

The divestiture order requires ACT to divest 70 CST fuel stations to Empire, and to give Empire the option of acquiring an additional location owned by ACT. The ... Show Full Article

FCC Chairman Pai Delivers Speech at 'Broadband for All' Seminar
STOCKHOLM, June 26 -- The Federal Communications Commission issued the text of the following speech by Chairman Ajit Pai:

"It's great to be in Sweden for the first time. And I have a confession to make. When I was a child, I liked Bjorn Borg more than John McEnroe. For those who are too young to remember, Borg versus McEnroe was the Messi versus Ronaldo of late 1970s/early 1980s sports debates. I don't know why, but I always preferred the stoic Swede to the badboy American. But please don't tell anyone. I can't have this news getting back to the States.

"And as long as I'm making confessions, ... Show Full Article

Defendants Involved in Selling Business Coaching Programs Settle FTC Charges
WASHINGTON, June 26 -- The Federal Trade Commission issued the following news release:

Seven individuals and eight companies they control have agreed to settle Federal Trade Commission charges in a deceptive telemarketing operation that took millions of dollars from thousands of consumers who were trying to start home-based Internet businesses. The defendants have agreed to be banned from selling business coaching services and work-at-home opportunities.

As alleged in the FTC's complaints, the defendants purported to offer consumers business coaching services, but those who signed up were left ... Show Full Article