Wednesday - February 19, 2020
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 Charges Real Estate Company and Executives With Defrauding Retail Investors, Obtains Emergency Relief
WASHINGTON, Feb. 19 -- The Securities and Exchange Commission issued the following news release:

The Securities and Exchange Commission announced an emergency enforcement action and a temporary restraining order and asset freeze against Florida-based private real estate firm EquiAlt LLC, its CEO Brian Davison, and its Managing Director Barry Rybicki, in connection with an allegedly fraudulent unregistered securities offering that raised more than $170 million from at least 1,100 investors, a number of whom invested their retirement funds.

According to the SEC's complaint, unsealed Feb. 14, 2020, ... Show Full Article

NRC Receives Event Notification Involving Minnesota Department of Health
WASHINGTON, Feb. 19 -- The Nuclear Regulatory Commission issued the following event notification (No. 54514) involving Minnesota Department of Health, Rochester, Minnesota:

AGREEMENT STATE REPORT - MEDICAL EVENT

The following was received from the state of Minnesota via email:

"Lu-177 administration was performed on February 4, 2020. The administration team did not start the patient on amino acids prior to the administration. Upon discovery of the error, the acids were started. This resulted in an unintended dose to the kidneys. The Radiation Safety Officer (RSO) and staff were notified on February ... Show Full Article

NRC Receives Event Notification Involving Kentucky Department of Radiation Control
WASHINGTON, Feb. 19 -- The Nuclear Regulatory Commission issued the following event notification (No. 54513) involving Kentucky Department of Radiation Control, Centertown, Kentucky:

AGREEMENT STATE REPORT - FIXED PROCESS GAUGE SHUTTER MALFUNCTION

The following was received from the Commonwealth of Kentucky via email:

"The KY RHB [Kentucky Radiation Health Branch] was notified via email on 2/6/2020 (1559 EST) by a representative from specifically licensed facility, Big Rivers Electric Corp., that at 0715 on Thursday, 2/6/2020, one fixed gauging device (Kay Ray Model 7062BP, Serial Number 20086), ... Show Full Article

NRC Receives Event Notification Involving Illinois Emergency Management Agency
WASHINGTON, Feb. 19 -- The Nuclear Regulatory Commission issued the following event notification (No. 54516) involving Illinois Emergency Management Agency, Libertyville, Illinois:

AGREEMENT STATE REPORT - REPORTABLE EQUIPMENT FAILURE

The following information was received via E-mail:

"A reportable equipment failure occurred on February 22, 2019 at a panoramic irradiator licensee in Libertyville, IL. The equipment failure was not reported to Illinois Emergency Management Agency (IEMA), but identified during a February 6, 2020 routine inspection. The affected equipment has since been repaired ... Show Full Article

NRC Receives Event Notification Involving Duane Arnold Power Reactor in Iowa
WASHINGTON, Feb. 19 -- The Nuclear Regulatory Commission issued the following event notification (No. 54528) involving the Duane Arnold power reactor in Iowa:

TRANSPORT OF POTENTIALLY CONTAMINATED PERSON TO A MEDICAL FACILITY

"At 0850 CST, on 2/17/2020, the Control Room was notified of a personnel medical event. The individual was transported to a local hospital via ambulance. At the time of transport, the individual was considered to be potentially contaminated because complete surveys could not be performed prior to transfer. Upon arrival at the hospital, the individual and clothing were surveyed ... Show Full Article

NRC Proposes to Amend Annual Fees Regulations
WASHINGTON, Feb. 19 -- The Nuclear Regulatory Commission issued the following news release on Feb. 18:

The Nuclear Regulatory Commission is seeking public comment on proposed changes to its regulations for the licensing, inspection, special project, and annual fees it would charge applicants and licensees for fiscal year 2020.

The proposed rule, published today in the Federal Register, includes fees required by law to recover approximately 90 percent of the agency's annual budget authority. The total budget enacted for the NRC in FY 2020 is approximately $855.6 million, a decrease of $55.4 million ... Show Full Article

Litigation: SEC Vs. Richard G. Cody
WASHINGTON, Feb. 19 -- The Securities and Exchange Commission issued the following litigation release (No. 16-cv-12510; D. Mass.):

On December 23, 2019, a federal district court in Massachusetts entered a final judgment against Richard G. Cody, a former investment adviser and broker representative who defrauded Massachusetts retirees.

According to the SEC's complaint, filed on December 12, 2016, Cody defrauded at least three of his retired clients over a twelve-year period by concealing extensive losses in the investors' retirement accounts, which were being rapidly depleted. Cody concealed these ... Show Full Article