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USITC Makes Determinations In Five-Year Reviews Concerning Oil Country Tubular Goods From India, South Korea, Turkey, Ukraine, And Vietnam
WASHINGTON, Sept. 10 -- The U.S. International Trade Commission issued the following news release on Sept. 9, 2026:
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USITC Makes Determinations In Five-Year (Sunset) Reviews Concerning Oil Country Tubular Goods From India, South Korea, Turkey, Ukraine, And Vietnam
The U.S. International Trade Commission (USITC) today determined that revocation of the antidumping and countervailing duty orders on imports of oil country tubular goods (OCTG) from India, South Korea, Turkey, Ukraine, and Vietnam would likely lead to continuation or recurrence of material injury within a reasonably foreseeable
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WASHINGTON, Sept. 10 -- The U.S. International Trade Commission issued the following news release on Sept. 9, 2026:
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USITC Makes Determinations In Five-Year (Sunset) Reviews Concerning Oil Country Tubular Goods From India, South Korea, Turkey, Ukraine, And Vietnam
The U.S. International Trade Commission (USITC) today determined that revocation of the antidumping and countervailing duty orders on imports of oil country tubular goods (OCTG) from India, South Korea, Turkey, Ukraine, and Vietnam would likely lead to continuation or recurrence of material injury within a reasonably foreseeabletime.
As a result of the USITC's affirmative determinations, the existing antidumping duty orders on imports of this product from India, South Korea, Turkey, Ukraine, and Vietnam and the existing countervailing duty orders of this product from India and Turkey will remain in place.
Chairman Brett W. Doyle and Commissioners Peter-Anthony Pappas, Bart Thanhauser, and David Foley Jr. voted in the affirmative with respect to the existing antidumping orders on imports of OCTG from India, South Korea, Turkey, Ukraine, and Vietnam and the existing countervailing duty orders on OCTG from India and Turkey. Commissioner Jason E. Kearns voted in the affirmative with respect to the antidumping duty orders on imports of OCTG from India, South Korea, Turkey, and Vietnam and the countervailing duty orders on OCTG from India and Turkey and voted in the negative with respect to the antidumping duty order on OCTG from Ukraine.
Today's action comes under the five-year (sunset) review process required by the Uruguay Round Agreements Act. See the attached page for background on these five-year (sunset) reviews.
The USITC's public report, Oil Country Tubular Goods from India, South Korea, Turkey, Ukraine, and Vietnam (Inv. Nos. 701-TA- 499-500 and 731-TA-1215-1216 and 1221-1223 (Second Review), USITC Publication 5790, September 2026), will contain the views of the USITC and information developed during the reviews.
The report will be available on the USITC website by October 22, 2026.
BACKGROUND
The Uruguay Round Agreements Act requires the Department of Commerce to revoke an antidumping or countervailing duty order, or terminate a suspension agreement, after five years unless the Department of Commerce and the USITC determine that revoking the order or terminating the suspension agreement would be likely to lead to continuation or recurrence of dumping or subsidies (Commerce) and of material injury (USITC) within a reasonably foreseeable time.
The USITC's institution notice in five-year reviews requests that interested parties file responses with the USITC concerning the likely effects of revoking the order under review as well as other information. Generally, within 95 days from institution, the USITC will determine whether the responses it has received reflect an adequate or inadequate level of interest in a full review. If responses to the USITC's notice of institution are adequate, or if other circumstances warrant a full review, the USITC conducts a full review, which includes a public hearing and issuance of questionnaires.
The five-year (sunset) reviews concerning Oil Country Tubular Goods from India, South Korea, Turkey, Ukraine, and Vietnam were instituted on July 1, 2025.
On November 24, 2025, the USITC determined to conduct full five-year reviews. For Ukraine, Commissioners David S. Johanson, Jason E. Kearns, and Amy A. Karpel concluded that the domestic interested party group response and the respondent interested party group response were adequate, and voted for a full five-year review for Ukraine. For India, South Korea, Turkey and Vietnam, Commissioners David S. Johanson, Jason E. Kearns, and Amy A. Karpel concluded that the domestic interested party group response were adequate and the respondent interested party group responses were inadequate, and voted for full five-year reviews for those countries to promote administrative efficiency.
Chairman Brett W. Doyle and Commissioners Peter-Anthony Pappas, Bart Thanhauser, and David Foley Jr. did not participate in the adequacy votes as they were not members of the USITC at the time.
A record of the USITC's vote to conduct expedited reviews is available on the investigations page for Oil Country Tubular Goods from India, South Korea, Turkey, Ukraine, and Vietnam; Inv. No. 701-TA-499-500 and 731-TA-1215-1216 and 1221-1223 (Second Review).
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Original text here: https://www.usitc.gov/press_room/news_release/2026/er0909_69204.htm
SEC Obtains Final Consent Judgment as to Justin Chen in Connection With Alleged $2 Million Insider Trading Scheme
WASHINGTON, Sept. 10 -- The Securities and Exchange Commission issued the following litigation release:
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Securities and Exchange Commission v. Chen et al., No. 25-cv-4580 (E.D.N.Y. filed Aug. 18, 2025)
On September 8, 2026, the United States District Court for the Eastern District of New York entered a final consent judgment as to defendant Justin Chen in connection with his role in an alleged insider trading scheme.
According to the SEC's complaint , filed on August 18, 2025, Chen and another individual were employed by a company that assisted its clients with making public filings in
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WASHINGTON, Sept. 10 -- The Securities and Exchange Commission issued the following litigation release:
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Securities and Exchange Commission v. Chen et al., No. 25-cv-4580 (E.D.N.Y. filed Aug. 18, 2025)
On September 8, 2026, the United States District Court for the Eastern District of New York entered a final consent judgment as to defendant Justin Chen in connection with his role in an alleged insider trading scheme.
According to the SEC's complaint , filed on August 18, 2025, Chen and another individual were employed by a company that assisted its clients with making public filings inthe SEC's EDGAR system. Through that employment, Chen and his colleague allegedly obtained material nonpublic information about clients' forthcoming announcement of important events, including mergers and earnings results. From around January 2025 to June 2025, despite their employer's prohibition on engaging in insider trading, Chen and his colleague allegedly traded on the basis of material nonpublic information on at least 13 occasions and generated more than $2.2 million in ill-gotten profits.
On March 16, 2026, the Court entered a partial consent judgment against Chen permanently enjoining him from violating the antifraud provisions of Sections 10(b) and 14(e) of the Securities Exchange Act of 1934 and Rules 10b-5 and 14e-3 thereunder. The final judgment, entered on September 8, 2026, reimposed the injunctive relief and ordered him liable for disgorgement of $1,828,442 and prejudgment interest thereon of $32,361, payment of which is deemed satisfied by the orders of restitution and forfeiture entered against him in the parallel criminal action, United States v. Chen, 25 cr. 303 (E.D.N.Y.).
The SEC's investigation originated from the Enforcement Division's Market Abuse Unit, which used Consolidated Audit Trail (CAT) data to analyze Chen and his colleague's suspicious trading activity.
The SEC's investigation was conducted by David Bennett, John S. Rymas, and Lindsay S. Moilanen of the Market Abuse Unit and supervised by Market Abuse Unit Chief Joseph G. Sansone. The SEC's litigation is being led by Ms. Moilanen and supervised by Christopher Colorado of the SEC's New York Regional Office. The SEC appreciates the assistance of the U.S. Attorney's Office for the Eastern District of New York and the FBI.
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Resources
* Final Judgment (https://www.sec.gov/files/litigation/litreleases/2026/judg26634.pdf)
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Original text here: https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26634
FCC Announces Tentative Agenda for September Open Meeting
WASHINGTON, Sept. 10 -- The Federal Communications Commission issued the following news release on Sept. 9, 2026:
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FCC Announces Tentative Agenda for September Open Meeting
WASHINGTON--Federal Communications Commission Chairman Brendan Carr announced that the items below are tentatively on the agenda for the September Open Commission Meeting scheduled for Wednesday, September 30, 2026:
Modernizing the Commission's National Environmental Policy Act Rules - The Commission will consider a Report and Order and Further Notice of Proposed Rulemaking to overhaul the Commission's outdated National
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WASHINGTON, Sept. 10 -- The Federal Communications Commission issued the following news release on Sept. 9, 2026:
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FCC Announces Tentative Agenda for September Open Meeting
WASHINGTON--Federal Communications Commission Chairman Brendan Carr announced that the items below are tentatively on the agenda for the September Open Commission Meeting scheduled for Wednesday, September 30, 2026:
Modernizing the Commission's National Environmental Policy Act Rules - The Commission will consider a Report and Order and Further Notice of Proposed Rulemaking to overhaul the Commission's outdated NationalEnvironmental Policy Act (NEPA) rules. These reforms will clarify the scope of Commission actions subject to environmental review and streamline and expedite the review process to ensure NEPA serves as a tool for informed decision-making rather than a barrier to investment, innovation, and connectivity. (WT Docket No. 25-217)
Unlocking Satellite Spectrum Abundance - The Commission will consider a Report and Order and Order of Proposed Modification and two Further Notices of Proposed Rulemaking that would increase the amount of spectrum available in order to support innovation in the American space economy. The Order would unlock more than 1,000 megahertz of spectrum in the 12.7 GHz and 42 GHz bands to provide greater capacity for satellite broadband to the home or for in-flight connectivity and the like. One FNPRM would seek comment on unlocking an additional 1,175 megahertz of spectrum in the Ku- and Ka-bands and 138.25 gigahertz in the D-band for more intensive use by satellite communications. The other FNPRM would seek comment on three new bands across thousands of megahertz that might be able to be used to control spacecraft or to provide data communications in support of emergent space activities, such as in-space servicing, assembly, and manufacturing. (SB Docket Nos. 25-180, 26-54; GN Docket Nos. 14-77, 22-352; WT Docket No. 23-158)
Unleashing the Power of Unlicensed UWB Devices - The Commission will consider a Notice of Proposed Rulemaking that would modernize the rules for unlicensed Ultra-Wideband (UWB) devices. UWB devices operate under part 15 of the Commission's rules and support a wide variety of applications, including automobile sensors, door locks, ground- and wall-penetrating radars, and location tracking for NFL players during games. The NPRM would modernize the UWB rules by updating definitions, measurement procedures, technical parameters, and outdated restrictions, while removing unnecessary coordination requirements. The NPRM would also create a new UWB device category for emerging applications like AI-enabled sensing, and overall seek to future-proof UWB regulations for the next wave of innovation while maintaining protections for incumbent services. (ET Docket No. 26-245)
Modernizing the 911 Framework - The Commission will consider a Notice of Inquiry exploring modernization of the 911 framework to ensure the public can continue to effectively and reliably access emergency services in this era of rapid technological change. (PS Docket No. 26-197)
Enhancing the Ability of Consumers to Control Which Calls That They Wish to Receive - The Commission will consider a Report and Order and Further Notice of Proposed Rulemaking modernizing its Telephone Consumer Protection Act rules to ensure that consumers have easily accessible ways to opt-out of robocalls while streamlining callers' ability to process consent revocation requests. (CG Docket No. 02-278)
Public Drafts of Meeting Items - The FCC publicly releases the draft text of each item expected to be considered at the next Open Commission Meeting. One-page cover sheets are included in the public drafts to help summarize each item. All these materials will be available on the FCC's Open Meeting page: www.fcc.gov/openmeeting.
Public Attendance - The Open Meeting is scheduled to commence at 10:30 a.m. ET in the Commission Meeting Room of the Federal Communications Commission, 45 L Street, N.E., Washington, D.C. While the Open Meeting is open to the public, the FCC headquarters building is not open access, and all guests must check in with and be screened by FCC security at the main entrance on L Street. Attendees at the Open Meeting will not be required to have an appointment but must otherwise comply with protocols outlined at: https://www.fcc.gov/visit. Open Meetings are streamed live at www.fcc.gov/live.
Press Access - Members of the news media are welcome to attend the meeting and will be provided reserved seating on a first-come, first-served basis. Following the meeting, the Chairman may hold a news conference in which he will take questions from credentialed members of the press in attendance. Afterwards, senior policy and legal staff will be made available to the press in attendance for questions related to the items on the meeting agenda. Commissioners may also choose to hold press conferences. Press may also direct questions to the Office of Media Relations (OMR): MediaRelations@fcc.gov. Questions about credentialing should be directed to OMR.
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Original text here: https://docs.fcc.gov/public/attachments/DOC-424838A1.pdf
SEC Files Settled Action as to President of Purported Hedge Fund in Alleged Multimillion Dollar Ponzi Scheme Targeting Spanish-Speaking and Filipino Investors
WASHINGTON, Sept. 9 -- The Securities and Exchange Commission issued the following litigation release:
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Securities and Exchange Commission v. Francisco Javier Sarabia, No. 26-civ-02542 (C.D. Cal. filed Sept. 8, 2026)
On September 8, 2026, the Securities and Exchange Commission filed settled charges against Tustin, California resident Francisco Javier Sarabia, the President and Co-founder of Bonanza Global Solutions Limited Liability Company, alleging that Sarabia raised more than $5 million dollars from more than 350 investors through fraudulent representations about Bonanza Global's investment
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WASHINGTON, Sept. 9 -- The Securities and Exchange Commission issued the following litigation release:
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Securities and Exchange Commission v. Francisco Javier Sarabia, No. 26-civ-02542 (C.D. Cal. filed Sept. 8, 2026)
On September 8, 2026, the Securities and Exchange Commission filed settled charges against Tustin, California resident Francisco Javier Sarabia, the President and Co-founder of Bonanza Global Solutions Limited Liability Company, alleging that Sarabia raised more than $5 million dollars from more than 350 investors through fraudulent representations about Bonanza Global's investmentfund.
According to the SEC's complaint, from approximately February 2022 through March 2023, Sarabia, along with his business partner, targeted Spanish-speaking and Filipino investors by falsely promising returns of 10% to 15% or more per month. The complaint alleges that Sarabia and his business partner claimed that Bonanza Global was a "hedge fund" and that investor funds would be used for stock market trading and other investments. The complaint further alleges that Sarabia misled investors by making false claims about how Bonanza Global would use investor funds, and by promising investors a "money-back guarantee." In reality, the SEC's complaint alleges that Bonanza Global was a fraud and did not produce any revenue. Further, Sarabia allegedly used investor funds to purchase luxury items and travel, as well as to make payments to earlier investors in a Ponzi-like fashion.
The SEC's complaint, filed in U.S. District Court for the Central District of California, charges Sarabia with violating the antifraud provisions of Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder and the registration provisions of Sections 5(a) and 5(c) of the Securities Act. Sarabia consented to the entry of a final judgment, subject to court approval, which would permanently enjoin him from violating the charged provisions of the federal securities laws. The final judgment, if approved, also would impose a conduct-based injunction prohibiting Sarabia from participating in securities offerings and order him to pay disgorgement of $825,000 plus prejudgment interest of $215,137.
The SEC's investigation was conducted by Teri Melson and Maria Rodriguez and supervised by Finola H. Manvelian of the SEC's Los Angeles Regional Office. The SEC's litigation will be led by Ruth Pinkel under the supervision of Stephen Kam. The SEC appreciates the assistance of the U.S. Attorney's Office for the Central District of California and the FBI.
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Resources
* SEC Complaint (https://www.sec.gov/files/litigation/complaints/2026/comp26633.pdf)
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Original text here: https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26633
NRC to Hold Public Webinar on New Reactor Licensing Pathways
WASHINGTON, Sept. 9 -- The Nuclear Regulatory Commission issued the following news release on Sept. 8, 2026:
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NRC to Hold Public Webinar on New Reactor Licensing Pathways
ROCKVILLE, Md. - The Nuclear Regulatory Commission will hold the first in a series of workshops to support new and advanced reactor designers, developers, and stakeholders in navigating the NRC's licensing process.
What: License to Launch Workshop #1: Understanding NRC Licensing Frameworks
When: September 30, 12:30-4:30 p.m.
Where: virtually via Microsoft Teams
Note: More details can be found on the NRC's public meeting
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WASHINGTON, Sept. 9 -- The Nuclear Regulatory Commission issued the following news release on Sept. 8, 2026:
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NRC to Hold Public Webinar on New Reactor Licensing Pathways
ROCKVILLE, Md. - The Nuclear Regulatory Commission will hold the first in a series of workshops to support new and advanced reactor designers, developers, and stakeholders in navigating the NRC's licensing process.
What: License to Launch Workshop #1: Understanding NRC Licensing Frameworks
When: September 30, 12:30-4:30 p.m.
Where: virtually via Microsoft Teams
Note: More details can be found on the NRC's public meetingnotice.
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Original text here: https://www.nrc.gov/sites/default/files/cdn/doc-collection-news/2026/26-027-a.pdf
FTC Withdraws Obsolete Policy Statement
WASHINGTON, Sept. 9 -- The Federal Trade Commission issued the following news release:
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FTC Withdraws Obsolete Policy Statement
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The Federal Trade Commission rescinded the 2021 Policy Statement on Breaches by Health Apps and Other Connected Devices.
This controversial policy statement purported to apply the FTC's Health Breach Notification Rule to health apps and connected devices that collect consumer health information. In 2024, however, the Commission updated the Health Breach Notification Rule to cover health apps and connected devices like fitness trackers, rendering the policy
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WASHINGTON, Sept. 9 -- The Federal Trade Commission issued the following news release:
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FTC Withdraws Obsolete Policy Statement
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The Federal Trade Commission rescinded the 2021 Policy Statement on Breaches by Health Apps and Other Connected Devices.
This controversial policy statement purported to apply the FTC's Health Breach Notification Rule to health apps and connected devices that collect consumer health information. In 2024, however, the Commission updated the Health Breach Notification Rule to cover health apps and connected devices like fitness trackers, rendering the policystatement unnecessary.
In an executive order, President Donald J. Trump directed agencies to eliminate not just unnecessary rules, but also obsolete guidance documents and policy statements because they contribute to the "ever-expanding morass of complicated Federal regulation" without providing any benefit to American consumers.
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Original text here: https://www.ftc.gov/news-events/news/press-releases/2026/09/ftc-withdraws-obsolete-policy-statement
FCC Unlocking More Spectrum
WASHINGTON, Sept. 9 -- The Federal Communications Commission issued the following news release on Sept. 8, 2026:
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FCC Unlocking More Spectrum
Two Items on September Open Meeting Expand Connectivity and Economic Growth
WASHINGTON--Today, FCC Chairman Brendan Carr announced that the FCC will vote later this month on two items that would open up massive troves of additional spectrum for the next-generation connectivity. First, in a satellite spectrum abundance order, the Commission will vote on unlocking more than 1,000 MHz of spectrum in the 12 GHz and 42 GHz bands for a range of connectivity
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WASHINGTON, Sept. 9 -- The Federal Communications Commission issued the following news release on Sept. 8, 2026:
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FCC Unlocking More Spectrum
Two Items on September Open Meeting Expand Connectivity and Economic Growth
WASHINGTON--Today, FCC Chairman Brendan Carr announced that the FCC will vote later this month on two items that would open up massive troves of additional spectrum for the next-generation connectivity. First, in a satellite spectrum abundance order, the Commission will vote on unlocking more than 1,000 MHz of spectrum in the 12 GHz and 42 GHz bands for a range of connectivityservices, including even faster satellite broadband. Second, the Commission will seek comment on a proposal to modernize the FCC's rules for ultra-wideband technology (UWB)--unlicensed offerings that power a range of IoT, consumer, and other cutting-edge devices.
Chairman Carr issued the following statement:
"The FCC's work to free up more spectrum continues apace this month. Today, I shared two items with my colleagues that will push more commercial spectrum into the marketplace than ever before. By unlocking these bands, the FCC will give a big boost to American innovation and promote economic growth across a wide range of industries."
"In the spectrum abundance decision, we will ensure that consumers continue to benefit from competitive, high-speed Internet delivered from next-gen satellites. And in our UWB proposal, the Commission will propose to modernize our existing rules to unlock even more opportunities for unlicensed devices across a wide swath of spectrum. This spectrum is so seamlessly woven into our everyday lives, from keeping us safe in our cars to tracking our package deliveries that most people don't even realize its critical role. The proposal circulated today represents the Commission's first comprehensive modernization of these rules since their adoption in 2002 and works to further refine and reshape our rules to meet today's needs."
Ultra-wideband Notice of Proposed Rulemaking (NPRM):
* UWB technology powers many of the consumer, industrial, automotive, and public safety applications Americans rely on every day. It plays a vital role across a wide range of products from automobile collision avoidance radars, to door locks and key fobs, systems for tracking everything from packages to NFL players, and the ground- and wall-penetrating imaging systems that support critical public safety and rescue operations.
* Unlicensed device manufacturers are increasingly finding that UWB's high data rates, precise location capabilities, and ability to coexist with other services across multiple spectrum bands make it the right technology for today's needs. Today's NPRM addresses the technology advancements and explosion in innovative use cases since the Commission's landmark 2002 decision to authorize the first unlicensed UWB operations. The NPRM undertakes a comprehensive look at our UWB rules and proposes forward-looking changes that will support the next wave of UWB innovation. The proposal includes a new UWB device category aimed at enabling emerging applications--from AI enabled sensing, to advanced ranging systems, and modern access control systems. The NPRM also addresses long-standing matters that have been raised through repeated waiver petitions and seeks comment on requests from the UWB manufacturing community to update specific elements of the existing UWB rules.
* The proposed updates to the UWB rules will reduce compliance burdens and provide new opportunities for innovation while preserving the strong protection of incumbent radio services that has been the hallmark of nearly a quarter century of innovation. In short, the NPRM represents the start of the next chapter in a great American success story.
Spectrum Abundance Report and Order:
* These final rules, if adopted, will take a series of actions that, together, could bring many thousands of megahertz of spectrum into the marketplace for new and untapped uses. Bountiful downlink spectrum for consumer terminals provides more bandwidth for in-home satellite broadband and with more spectrum for fixed earth stations, these rules can improve how traffic is routed on the ground. Additional capacity for inter-satellite links strengthens the backbone in orbit and makes it more resilient. Bolstering spectrum access for earth stations in motion brings better connectivity to ships, planes, and vehicles. New spectrum for telemetry, tracking, and control opens the door to a wide range of industrial and commercial innovations in space that we are only beginning to imagine.
* More specifically, the Commission would unlock more than 1,000 megahertz of spectrum in the 12.7 and 42 GHz bands. This decision will bring more capacity for satellite broadband to the home, for in-flight and on-ship connectivity, and for core traffic-routing functions in satellite ground networks.
* In addition to these final rules, in a Spectrum Abundance Further Notice of Proposed Rulemaking, the Commission explores freeing up 1,450 megahertz of spectrum in the Ku- and Ka- bands, along with 138.25 gigahertz in the D-band, for more intensive satellite communications. And lastly, in the WSS FNPRM, the Commission adds to the list of spectrum bands under consideration for "weird space stuff." This follows the Commission's first-of-its-kind proceeding to bring spectrum abundance for missions like in-orbit servicing, refueling, manufacturing, or operations on or around the Moon--that is, next-generation space missions that do not provide connectivity to the public.
* The actions shared today are part of the Commission's leadership in efficient spectrum management to provide the spectrum resources that American free enterprise can use to build a vibrant commercial economy. The Commission looks forward to witnessing how spectrum abundance and further growth in UWB will expand high-speed connectivity to underserved areas and unlock the next generation of space-based communications.
The public drafts of these items will be available on FCC.gov tomorrow on the Open Meeting webpage: https://www.fcc.gov/September2026.
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Original text here: https://docs.fcc.gov/public/attachments/DOC-424775A1.pdf
