Tuesday - February 19, 2019
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 Order Involving Jeffrey M. Mattich
WASHINGTON, Feb. 15 -- The Securities and Exchange Commission issued the following order instituting administrative proceedings(3-19001) involving Jeffrey M. Mattich:

In the Matter of

JEFFREY M. MATTICH,

Respondent.

ORDER INSTITUTING PUBLIC ADMINISTRATIVE PROCEEDINGS PURSUANT TO RULE 102(e) OF THE COMMISSION'S RULES OF PRACTICE, MAKING FINDINGS, AND IMPOSING REMEDIAL SANCTIONS

I.

The Securities and Exchange Commission ("Commission") deems it appropriate and in the public interest that public administrative proceedings be, and hereby are, instituted against Jeffrey M. Mattich ("Respondent" ... Show Full Article

SEC Files Charges in Elaborate Microcap Stock Fraud
WASHINGTON, Feb. 15 -- The Securities and Exchange Commission issued the following litigation release:

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- Securities and Exchange Commission v. Joshua Sason, et al., No. 19-cv-1459 (S.D.N.Y. filed February 15, 2019)

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Washington, D.C., February 15, 2019 - The Securities and Exchange Commission today announced charges against four individuals and related businesses for their roles in two microcap frauds and unlawful securities offerings. In sum, the alleged illegal transactions resulted in proceeds of more than $25 million.

According to the SEC's complaint, from approximately December ... Show Full Article

Rosenworcel Statement, FCC Takes Next Step Toward Further Rural Broadband Expansion
WASHINGTON, Feb. 15 -- The Federal Communications Commission issued the following statement by Commissioner Jessica Rosenworcel:

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Re: Connect America Fund, WC Docket No. 10-90

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"We have broadband deserts in this country. We have places where networks do not reach and where digital opportunity is hard to find. Many of these locations are rural. But not all. The realities of redlining and harsh economics of service have put some populated places out of reach, too.

"The unfortunate truth is that the Federal Communications Commission does not know with precision where these broadband ... Show Full Article

Rosenworcel Statement, FCC Eliminates EEO Broadcaster Mid-Term Filing Requirement
WASHINGTON, Feb. 15 -- The Federal Communications Commission issued the following statement by Commissioner Jessica Rosenworcel:

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- Re: Elimination of Obligation to File Broadcast Mid-Term Report (Form 397) Under Section 73.2080(f)(2) (MB Docket No. 18-23); Modernization of Media Regulation Initiative, (MB Docket No. 17-105)

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"For decades, at the direction of Congress, the Federal Communications Commission has been responsible for policies that prohibit discrimination in hiring at broadcast stations. On the surface, today's decision is just about Form 397, known as the Broadcast Mid-Term ... Show Full Article

FTC Announces Annual Update of Size of Transaction Thresholds for Premerger Notification Filings and Interlocking Directorates
WASHINGTON, Feb. 15 -- The Federal Trade Commission issued the following news release:

For 2019, the size-of-transaction threshold for reporting proposed mergers and acquisitions under Section 7A of the Clayton Act will adjust from $84.4 million to $90 million. Also, the 2019 thresholds under Section 8 of the Act that trigger prohibitions on certain interlocking memberships on corporate boards of directors are $36,564,000 for Section 8(a)(l ) and $3,656,400 for Section 8(a)(2)(A).

The FTC revises the thresholds annually, based on the change in gross national product. The revised thresholds under ... Show Full Article

FCC Enforcement Bureau Issues Advisory on Electronic Device Retailers
WASHINGTON, Feb. 15 -- The Federal Communications Commission's Enforcement Bureau issued the text of the enforcement advisory (No. 2019-01):

The Enforcement Bureau (EB) of the Federal Communications Commission (FCC or Commission) issues this Advisory to remind any entity marketing radio frequency (RF) devices (marketers) that the devices may be subject to new compliance requirements provided in the Supplier's Declaration of Conformity (SDoC) procedures. Before being marketed in the United States, devices subject to the SDoC procedures must be properly authorized, labeled, and furnished with the ... Show Full Article

FCC Commissioner Pai Issues Statement on Modernization of Media Regulation Initiative
WASHINGTON, Feb. 15 -- The Federal Communications Commission issued the following statement by Chairman Ajit Pai:

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- Re: Elimination of Obligation to File Broadcast Mid-Term Report (Form 397) Under Section 73.2080(f)(2) (MB Docket No. 18-23); Modernization of Media Regulation Initiative, (MB Docket No. 17-105)

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"The British cartoonist Fran Orford published a cartoon with a drawing of a man and a woman with a big stack of papers between them. The caption read: "The idea that bureaucracy is on the increase is RIDICULOUS . . . and I have the reports to prove it!"

"For the last two years, ... Show Full Article