Federal Regulatory Agencies
Here's a look at documents from federal regulatory agencies
Featured Stories
SEC Obtains Final Judgment as to Investment Adviser in Cherry-Picking Scheme
WASHINGTON, March 7 -- The Securities and Exchange Commission issued the following litigation release (No. 3:23-cv-815-L-DDL; S.D. Cal. filed May 4, 2023) involving Matthew J. Werthe dba HSR Wealth Management:
* * *
On February 2, 2026, the United States District Court for the Southern District of California entered a final judgment as to Defendant Matthew J. Werthe, dba HSR Wealth Management, a formerly state-registered investment adviser, whom the SEC previously charged with engaging in a cherry-picking scheme, making misrepresentations to his clients, and violating his fiduciary duties.
The
... Show Full Article
WASHINGTON, March 7 -- The Securities and Exchange Commission issued the following litigation release (No. 3:23-cv-815-L-DDL; S.D. Cal. filed May 4, 2023) involving Matthew J. Werthe dba HSR Wealth Management:
* * *
On February 2, 2026, the United States District Court for the Southern District of California entered a final judgment as to Defendant Matthew J. Werthe, dba HSR Wealth Management, a formerly state-registered investment adviser, whom the SEC previously charged with engaging in a cherry-picking scheme, making misrepresentations to his clients, and violating his fiduciary duties.
TheSEC's complaint, filed on May 4, 2023 alleged that, from May 2021 to March 2022, Werthe used his firm's block trading account, which allowed him to place a single stock trade and later allocate portions of that stock trade among the various accounts over which he had discretionary trading authority, to disproportionately allocate profitable trades to his personal account and unprofitable trades to his clients' accounts.
On March 12, 2025, the Court granted the SEC's motion for summary judgment, finding that Werthe violated Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, Section 17(a) of the Securities Act of 1933, and Sections 206(1) and 206(2) of the Investment Advisers Act of 1940. On February 2, 2026, the Court granted the SEC's motion for monetary and injunctive relief and entered a final judgment permanently enjoining Werthe from violating the charged provisions of the federal securities laws and ordering Werthe to pay disgorgement in the amount of $507,996.42, prejudgment interest in the amount of $112,340.03, and a civil penalty in the amount of $507,996.42.
The investigation was conducted by Kelly Bowers and supervised by Robert Conrrad of the SEC's Los Angeles Regional Office. The litigation was handled by Daniel S. Lim and supervised by Stephen Kam of the Los Angeles Regional Office.
* * *
Resources
* Final Judgment (https://www.sec.gov/files/litigation/litreleases/2026/judg26497.pdf)
* Order Granting Motion for Monetary Relief (https://www.sec.gov/files/litigation/litreleases/2026/order26497.pdf)
* * *
Original text here: https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26497
SEC Files Proposed Settlement With Respect to Wash Trading Claims Against Rainberry, Dismisses All Remaining Claims
WASHINGTON, March 6 -- The Securities and Exchange Commission issued the following litigation release (No. 1:23-cv-02433; S.D.N.Y. filed March 22, 2023):
* * *
Securities and Exchange Commission v. Justin Sun, et al., No. 1:23-cv-02433 (S.D.N.Y. filed Mar. 22, 2023)
Today, as part of a global resolution, the SEC filed a proposed final judgment in the U.S. District Court for the Southern District of New York as to the Commission's claims against Rainberry, Inc., Justin Sun, Tron Foundation Limited, and BitTorrent Foundation Ltd. (the "Tron Defendants"). If approved by the court, the proposed
... Show Full Article
WASHINGTON, March 6 -- The Securities and Exchange Commission issued the following litigation release (No. 1:23-cv-02433; S.D.N.Y. filed March 22, 2023):
* * *
Securities and Exchange Commission v. Justin Sun, et al., No. 1:23-cv-02433 (S.D.N.Y. filed Mar. 22, 2023)
Today, as part of a global resolution, the SEC filed a proposed final judgment in the U.S. District Court for the Southern District of New York as to the Commission's claims against Rainberry, Inc., Justin Sun, Tron Foundation Limited, and BitTorrent Foundation Ltd. (the "Tron Defendants"). If approved by the court, the proposedfinal judgment would settle the Commission's claim against Rainberry related to wash trading in violation of Section 17(a)(3) of the Securities Act of 1933, and dismiss, with prejudice, the Commission's remaining claims against Rainberry and all claims against the other Tron Defendants.
The SEC's complaint, filed in March 2023 and amended in April 2024, alleged that in 2018 and 2019, Rainberry facilitated wash trading to artificially inflate the trading volume of the crypto asset "TRX." As described in the amended complaint, wash trading generally refers to trades that occur without a change in beneficial ownership, creating the false perception of market activity that does not reflect the true supply and demand for the securities.
Without admitting or denying the Commission's allegations as to Rainberry with respect to the settled claim, the Tron Defendants consented to the entry of a final judgment, subject to court approval, that would permanently enjoin Rainberry from violating Section 17(a)(3) of the Securities Act and order Rainberry to pay a civil penalty in the amount of $10 million.
The Commission also filed a notice of voluntary dismissal as to the pending claim for violations of Section 17(b) of the Securities Act against DeAndre Cortez Way. As stated in the notice of dismissal, "[t]he SEC's decision to seek dismissal of this enforcement action is an exercise of its discretion and does not necessarily reflect the SEC's position on any other case."
* * *
Resources
* Amended Complaint (https://www.sec.gov/files/litigation/complaints/2026/comp26496.pdf)
* Proposed Judgment and Consent as to the Tron Defendants (https://www.sec.gov/files/litigation/litreleases/2026/judgment26496.pdf)
* Notice of Voluntary Dismissal as to Defendant Way (https://www.sec.gov/files/litigation/litreleases/2026/dismissal26496.pdf)
* * *
Original text here: https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26496
NCUA Releases Fourth Quarter 2025 Credit Union System Performance Data
ALEXANDRIA, Virginia, March 6 (TNSrpt) -- The National Credit Union Administration issued the following news release:
* * *
NCUA Releases Fourth Quarter 2025 Credit Union System Performance Data
*
Alexandria, VA (March 6, 2026) -The National Credit Union Administration today released its fourth quarter credit union system performance data for 2025. According to the latest financial performance data report, total assets in federally insured credit unions rose by $126 billion, or 5.4 percent, over the year ending in the fourth quarter of 2025, to $2.43 trillion. At the same time, total loans
... Show Full Article
ALEXANDRIA, Virginia, March 6 (TNSrpt) -- The National Credit Union Administration issued the following news release:
* * *
NCUA Releases Fourth Quarter 2025 Credit Union System Performance Data
*
Alexandria, VA (March 6, 2026) -The National Credit Union Administration today released its fourth quarter credit union system performance data for 2025. According to the latest financial performance data report, total assets in federally insured credit unions rose by $126 billion, or 5.4 percent, over the year ending in the fourth quarter of 2025, to $2.43 trillion. At the same time, total loansoutstanding increased $76 billion, or 4.6 percent, over the year, to $1.72 trillion. The average outstanding loan balance in the fourth quarter of 2025 was $19,397, up $984, or 5.3 percent, from one year earlier.
Highlights from the Fourth Quarter 2025 NCUA Quarterly Data Summary Report (Opens new window) include:
* The loan to share ratio stood at 83.2 percent in the fourth quarter of 2025, down from 84.0 percent in the fourth quarter of 2024.
* Federally insured credit unions added 2.4 million members over the year, and credit union membership in these institutions reached 144.7 million in the fourth quarter of 2025.
* Net income totaled $18.8 billion in 2025, up $4.5 billion, or 31.5 percent, compared with 2024.
* The number of complex federally insured credit unions (those with total assets greater than $500 million) rose to 739 from 728 one year earlier.
* The number of federally insured credit unions declined to 4,287 in the fourth quarter of 2025, from 4,455 in the fourth quarter of 2024. In the fourth quarter of 2025, there were 2,686 federal credit unions and 1,601 federally insured, state-chartered credit unions. The year-over-year decline is consistent with long-running industry consolidation trends.
The NCUA makes credit union system performance data available in the Credit Union Analysis section of NCUA.gov. The analysis section includes quarterly data summaries and detailed financial information, a graphics package illustrating financial trends in federally insured credit unions, and a spreadsheet (Opens new window) listing all federally insured credit unions that filed a call report as of December 31, 2025, including key metrics.
* * *
REPORT: https://ncua.gov/files/publications/analysis/quarterly-data-summary-2025-Q4.pdf
***
Original text here: https://ncua.gov/newsroom/press-release/2026/ncua-releases-fourth-quarter-2025-credit-union-system-performance-data
FCC: Carr Proposes Spectrum Abundance for Next-Gen Orbital Missions
WASHINGTON, March 6 -- The Federal Communications Commission issued the following news release:
* * *
Carr Proposes Spectrum Abundance for Next-Gen Orbital Missions
Plan Would Bring Reliable Spectrum Access to Orbital Laboratories, In-Space Repairs, Inhabitable Spacecraft, and Other "Weird Space Stuff"
*
FCC Chairman Brendan Carr proposed a plan to bring spectrum abundance to "weird space stuff"--cutting-edge, emergent ventures in space, namely supporting telemetry, tracking, and command (TT&C) for on-the-horizon endeavors like orbital laboratories, satellite repairs, and private inhabitable
... Show Full Article
WASHINGTON, March 6 -- The Federal Communications Commission issued the following news release:
* * *
Carr Proposes Spectrum Abundance for Next-Gen Orbital Missions
Plan Would Bring Reliable Spectrum Access to Orbital Laboratories, In-Space Repairs, Inhabitable Spacecraft, and Other "Weird Space Stuff"
*
FCC Chairman Brendan Carr proposed a plan to bring spectrum abundance to "weird space stuff"--cutting-edge, emergent ventures in space, namely supporting telemetry, tracking, and command (TT&C) for on-the-horizon endeavors like orbital laboratories, satellite repairs, and private inhabitablespacecraft.
If adopted by a vote of the full Commission at its March monthly meeting, the FCC would start a formal proceeding to meet the spectrum needs of these technologies in two ways. First, the FCC would explore opportunities to clarify its rules so that emergent space operations have reliable access to spectrum for their missions. Second, the FCC intends to identify new spectrum bands that meet the safety and operational needs of emergent space activities.
Chairman Carr issued the following statement:
"America's leadership in space relies on predictable spectrum resources. Nowhere is this more clear than when it comes to the cutting-edge space operations that come right out of sci-fi and into our modern reality. Whether we're talking about repairing a satellite in orbit or creating pharmaceutical solutions to our health care challenges in a space lab, these very real ventures will require very real resources, including secure radio signals for control and basic operations. Today's proposal is the first step toward the spectrum abundance needed to give America's space activities the predictable spectrum environment they need to thrive."
Additional Background Information:
Chairman Carr shared with his fellow Commissioners a draft Notice of Proposed Rulemaking which would, if adopted, look to find ways to use market-based principles to see spectrum resources put to more intensive use in the service of the space economy. The NPRM seeks to clarify and expand the FCC's traditional regulatory classifications so that emergent operations have more predictable spectrum access. The proceeding would also explore new spectrum bands that could support new use cases on a dedicated basis to provide a clear, reliable, and expeditious path to support the groundbreaking technologies and services that companies are developing in space.
Spectrum is a critical component of all space operations. Even for spacecraft that do not provide radiocommunications services to the public, reliable spectrum access is mandatory for safety functions like telemetry, tracking, and command to control spacecraft in orbit. American innovators, however, currently face an acute shortage of usable and readily accessible spectrum for TT&C, and that spectrum crunch threatens to delay--or even prevent--the growth of domestic space technologies and jeopardize U.S. leadership in the booming global space economy.
The Commission is aggressively pursuing a policy of spectrum abundance in outer space. Earlier this year, it launched a proceeding to release up to 20,000 megahertz of spectrum for traditional connectivity services, including high-speed broadband from constellations in low-Earth orbit. The Commission has also begun a comprehensive review of its licensing and regulatory framework for space communications.
The public draft of the Notice of Proposed Rulemaking will be made available later today at: https://www.fcc.gov/news-events/events/2026/03/march-2026-open-commission-meeting.
* * *
Original text here: https://docs.fcc.gov/public/attachments/DOC-419242A1.pdf
CPSC Issues Recall Alert Involving Forever 21 Kids Disney Mickey Mouse Pajama Pants
WASHINGTON, March 6 -- The Consumer Product Safety Commission issued the following recall alert on March 5, 2026:
* * *
Name of Product: Forever 21 Kids Disney Mickey Mouse Pajama Pants
Hazard: The recalled children's pajama pants violate the mandatory standards for flammability of children's sleepwear, posing a burn hazard and risk of serious injury or death to children.
Remedy: Refund
Recall Date: March 05, 2026
Units: About 230
Consumer Contact: Unique Brands Com toll-free at 888-684-5375 from 9 a.m. to 3 p.m. ET Tuesday through Thursday, email at recall@forever21.com, or online at Forever21.com/pages/product-recalls
... Show Full Article
WASHINGTON, March 6 -- The Consumer Product Safety Commission issued the following recall alert on March 5, 2026:
* * *
Name of Product: Forever 21 Kids Disney Mickey Mouse Pajama Pants
Hazard: The recalled children's pajama pants violate the mandatory standards for flammability of children's sleepwear, posing a burn hazard and risk of serious injury or death to children.
Remedy: Refund
Recall Date: March 05, 2026
Units: About 230
Consumer Contact: Unique Brands Com toll-free at 888-684-5375 from 9 a.m. to 3 p.m. ET Tuesday through Thursday, email at recall@forever21.com, or online at Forever21.com/pages/product-recallsor Forever21.com and click "Recall" at the top of the page for more information.
Recall Details
Description: This recall involves Forever 21 Kids Disney Mickey Mouse Pajama Pants with black stripes. The pajama pants were sold in children's sizes 5/6, 7/8, 9/10, 11/12 and 13/14. The size and "Forever 21" are printed on the red and black label at the waist of the pants. The pajamas pants have the item number 01334347 located on a sewn-in, side-seam label below the bar code.
Remedy: Consumers should stop using the recalled pajama pants immediately and contact Unique Brands Com for a full refund. Consumers will be provided with a prepaid shipping label to return the recalled kids pajama pants.
Incidents/Injuries: None Reported
Sold Online At: Forever21.com from September 2025 through November 2025 for about $25.
Retailer: Unique Brands Com, Inc., of New York, New York
Manufactured In: China
Recall number: 26-309
* * *
Original text here: https://www.cpsc.gov/Recalls/2026/Unique-Brands-Com-Recalls-Forever-21-Pajama-Pants-Due-to-Risk-of-Serious-Injury-or-Death-from-Burn-Hazard-Violates-Mandatory-Flammability-Standards-for-Childrens-Sleepwear
CPSC Issues Recall Alert Involving Cubimana Island Storm 3 In 1 Building Sets With LED Lights
WASHINGTON, March 6 -- The Consumer Product Safety Commission issued the following recall alert on March 5, 2026:
* * *
Name of Product: Cubimana Island Storm 3 In 1 Building Sets with LED Lights
Hazard: The Island Storm Building Sets violate the mandatory safety standard for toys because the battery compartment within the LED light piece contains button cell batteries that can be easily accessed by children. When button cell or coin batteries are swallowed, the ingested batteries can cause serious injuries, internal chemical burns and death.
Remedy: Refund
Recall Date: March 05, 2026
Units:
... Show Full Article
WASHINGTON, March 6 -- The Consumer Product Safety Commission issued the following recall alert on March 5, 2026:
* * *
Name of Product: Cubimana Island Storm 3 In 1 Building Sets with LED Lights
Hazard: The Island Storm Building Sets violate the mandatory safety standard for toys because the battery compartment within the LED light piece contains button cell batteries that can be easily accessed by children. When button cell or coin batteries are swallowed, the ingested batteries can cause serious injuries, internal chemical burns and death.
Remedy: Refund
Recall Date: March 05, 2026
Units:About 3,950
Consumer Contact: RBS Toys by email at productrecall@cubimanatoys.com.
Recall Details
Description: This recall involves Cubimana Island Storm 3 In 1 Building Sets. The sets contain 781 pieces of multi-colored building blocks and come in a black box with images of a pirate base and a pirate ship. Model number "HG1004" is printed on the front of the box.
Remedy: Consumers should take the Island Storm 3 In 1 Building Sets away from children immediately, stop using the recalled toys and remove and properly dispose of the batteries. Consumers will be asked to throw the product away and send a photo of the disposed product to productrecall@cubimanatoys.com to receive a full refund.
Note: Button cell and coin batteries are hazardous. Batteries should be disposed of or recycled by following local hazardous waste procedures.
Incidents/Injuries: None reported
Sold Online At: Amazon.com from October 2025 through January 2026 for about $30.
Seller: Shenzhen Ruibosi Technology Co., Ltd., dba RBS Toys, of China
Manufactured In: China
Recall number: 26-317
* * *
Original text here: https://www.cpsc.gov/Recalls/2026/Cubimana-Island-Storm-3-In-1-Building-Sets-Recalled-Due-to-Risk-of-Serious-Injury-or-Death-from-Battery-Ingestion-Violates-Mandatory-Standard-for-Toys-Sold-on-Amazon-by-RBS-Toys
CFTC Chairman Selig Announces Departure of Senior Advisor Brigitte Weyls
WASHINGTON, March 6 -- The Commodity Futures Trading Commission issued the following news release:
* * *
CFTC Chairman Selig Announces Departure of Senior Advisor Brigitte Weyls
*
WASHINGTON -Commodity Futures Trading Commission Chairman Michael S. Selig today announced Brigitte Weyls, senior advisor, will depart the Commission following more than 17 years of distinguished public service.
Weyls joined the CFTC in August 2008. Over the course of her tenure, she played an important role in many of the Commission's most significant litigation, policy, and rulemaking initiatives. Her work helped
... Show Full Article
WASHINGTON, March 6 -- The Commodity Futures Trading Commission issued the following news release:
* * *
CFTC Chairman Selig Announces Departure of Senior Advisor Brigitte Weyls
*
WASHINGTON -Commodity Futures Trading Commission Chairman Michael S. Selig today announced Brigitte Weyls, senior advisor, will depart the Commission following more than 17 years of distinguished public service.
Weyls joined the CFTC in August 2008. Over the course of her tenure, she played an important role in many of the Commission's most significant litigation, policy, and rulemaking initiatives. Her work helpedshape the agency's approach to emerging and complex markets, including prediction markets, digital assets, and precious metals.
"Brigitte brought deep expertise and dedication to everything she did at the Commission," Chairman Selig said. "Her contributions to the Commission have been significant, and we thank her for her many years of service."
During her tenure, Weyls held roles in the Division of Enforcement, Division of Market Oversight, and the Office of the General Counsel. While in the Division of Enforcement, she stood up the agency's Triage Unit, establishing a centralized function responsible for the intake, evaluation, and prioritization of enforcement referrals and complaints.
Weyls later served as chief counsel to Commissioner Caroline D. Pham and as senior counsel to acting Chairman Pham. She also served as the designated federal officer for the Global Markets Advisory Committee and the Agricultural Advisory Committee. Weyls is a graduate of Denison University and DePaul University College of Law.
-CFTC-
***
Original text here: https://www.cftc.gov/PressRoom/PressReleases/9190-26
