Federal Regulatory Agencies
Here's a look at documents from federal regulatory agencies
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SEC Obtains Final Consent Judgments as to Christopher Flagg, Daquan Lloyd, Travis Treusch in Connection With Alleged "Free-Riding" Scheme
WASHINGTON, May 1 -- The Securities and Exchange Commission issued the following litigation release (No. 23-civ-08110, 24-civ-01050; E.D.N.Y. filed Oct. 31, 2023, E.D.N.Y. filed Feb. 11, 2024):
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Securities and Exchange Commission v. Hernandez, No. 23-civ-08110 (E.D.N.Y. filed Oct. 31, 2023); Securities and Exchange Commission v. Treusch, No. 24-civ-01050 (E.D.N.Y. filed Feb. 11, 2024)
On April 27, 2026, the United States District Court for the Eastern District of New York entered final consent judgments as to defendants Christopher Flagg, Daquan Lloyd and Travis Treusch for their roles
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WASHINGTON, May 1 -- The Securities and Exchange Commission issued the following litigation release (No. 23-civ-08110, 24-civ-01050; E.D.N.Y. filed Oct. 31, 2023, E.D.N.Y. filed Feb. 11, 2024):
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Securities and Exchange Commission v. Hernandez, No. 23-civ-08110 (E.D.N.Y. filed Oct. 31, 2023); Securities and Exchange Commission v. Treusch, No. 24-civ-01050 (E.D.N.Y. filed Feb. 11, 2024)
On April 27, 2026, the United States District Court for the Eastern District of New York entered final consent judgments as to defendants Christopher Flagg, Daquan Lloyd and Travis Treusch for their rolesin an alleged $2 million "free-riding" scheme.
The SEC filed an initial complaint against Flagg, Lloyd and others on October 31, 2023, and a related complaint against Treusch on February 11, 2024.
The SEC's complaints alleged that Flagg, Lloyd, Treusch and two others participated in a fraudulent free-riding schemewhereby they opened and used unfunded brokerage accounts (the loser accounts) to generate trading profits in other brokerage accounts that they also controlled (the winner accounts). The complaints further alleged that the defendants maintained the loser accounts at a broker that provided an instant deposit credit, which they used to fund trades at artificial prices and repeatedly generate trading profits. In doing so, the defendants allegedly transferred the credit provided by the broker from the loser accounts to the winner accounts, accumulating guaranteed profits at the broker's expense. All told, over a four-year period, the defendants allegedly used at least 600 brokerage accounts to conduct the fraudulent scheme. Specifically, the complaints alleged that Lloyd and Treusch each aided and abetted Flagg and one other defendant who acted as principals in the scheme, by opening loser accounts in their own respective names and recruiting others to do the same for use in the scheme.
The SEC charged Flagg with violations of Section 10(b) of the Securities Exchange Act of 1934 (the "Exchange Act") and Rules 10b-5(a) and (c) thereunder and further violating these provisions by acting through or by means of another person in violation of Exchange Act Section 20(b). The SEC charged Lloyd with aiding and abetting violations of Section 10(b) of the Exchange Act and Rules 10b-5(a) and (c) thereunder. The SEC charged Treusch with aiding and abetting violations of Section 10(b) of the Exchange Act and Rules 10b-5(a) and (c) thereunder.
The Court entered partial consent judgments as to Flagg, Lloyd, and Treusch, on February 4, 2025, September 6, 2024, and April 18, 2024, respectively. The partial judgments permanently enjoined them from further violations of the antifraud provisions of the federal securities laws they were charged with violating and imposed a conduct-based injunction against each defendant prohibiting each from opening a brokerage account without first providing to the relevant brokerage firm(s) a copy of the SEC complaint and any judgment against him in this matter.
The final consent judgment as to Flagg ordered him liable for disgorgement of $56,390.00 and prejudgment interest thereon of $5,570.00, payment of which is deemed satisfied by the orders of restitution and forfeiture entered against him in the parallel criminal action, United States v. Hernandez et al., 23 cr. 428 (E.D.N.Y.), and determined that the previously-entered conduct-based injunction against Flagg would remain in effect for a period of five years.
The final consent judgment as to Lloyd ordered him liable for disgorgement of $376,050.00 and prejudgment interest thereon of $37,145.75, payment of which is deemed satisfied by the orders of restitution and forfeiture entered against him in United States v. Hernandez et al. and determined that the previously-entered conduct-based injunction against Lloyd would remain in effect for a period of five years.
The final consent judgment as to Treusch ordered him to pay disgorgement of $50,000.00 and prejudgment interest thereon of $4,939.00, payment of which is deemed satisfied by the orders of restitution and forfeiture entered against him in the parallel criminal action, United States v. Treusch, 24 cr. 010 (E.D.N.Y.), and determined that the previously-entered conduct-based injunction against Treusch would remain in effect for a period of three years.
The SEC's investigation was conducted by Cynthia A. Matthews, David Austin, John Marino, Pat McCluskey, and Lindsay S. Moilanen of the SEC's New York Regional Office and the Enforcement Division's Market Abuse Unit, and was supervised by Joseph Sansone, Chief of the Market Abuse Unit. The SEC's litigation is being led by Christopher J. Dunnigan, Ms. Matthews, and Ms. Moilanen, and is being supervised by Jack Kaufman. 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 - Flagg (https://www.sec.gov/files/litigation/litreleases/2026/judg26545-flagg.pdf)
* Final Judgment - Lloyd (https://www.sec.gov/files/litigation/litreleases/2026/judg26545-lloyd.pdf)
* Final Judgment - Treusch (https://www.sec.gov/files/litigation/litreleases/2026/judg26545-treusch.pdf)
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Original text here: https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26545
FCC Targets Device Test Labs in Nations Without Reciprocal Agreements
WASHINGTON, May 1 -- The Federal Communications Commission issued the following statement on April 30, 2026, by Chairman Brendan Carr:
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Re: Promoting the Integrity and Security of Telecommunications Certification Bodies, Measurement Facilities, and the Equipment Authorization Program, Second Report and Order, Order on Reconsideration, and Second Further Notice of Proposed Rulemaking, ET Docket No. 24-136 (Apr. 30, 2026).
Last month, the FCC marked one year since we established the Council on National Security. Over this year, we have made national security a top priority.
As foreign adversaries
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WASHINGTON, May 1 -- The Federal Communications Commission issued the following statement on April 30, 2026, by Chairman Brendan Carr:
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Re: Promoting the Integrity and Security of Telecommunications Certification Bodies, Measurement Facilities, and the Equipment Authorization Program, Second Report and Order, Order on Reconsideration, and Second Further Notice of Proposed Rulemaking, ET Docket No. 24-136 (Apr. 30, 2026).
Last month, the FCC marked one year since we established the Council on National Security. Over this year, we have made national security a top priority.
As foreign adversariesrelentlessly target American communications networks, the FCC has a vital role to play in secure the nation. From Operation Clean Carts to the Covered List to undersea cable rulemakings, we are doing our part to secure American telecom infrastructure and devices and reduce our supply chain dependencies. I am especially grateful that my fellow Commissioners have provided strong leadership and ideas on the agency's national security docket.
One of the biggest national security wins from last year was our "Bad Labs" Report & Order. It was based on a simple premise: we should not have foreign adversary governments or other entities on American sanction lists testing and certifying electronic devices as safe for the U.S. market. As a result, the FCC has taken action to withdraw recognition from, or deny recognition to, twenty-three "Bad Labs" controlled by foreign adversary governments.
With foreign adversary governments excluded, the FCC now takes the next step to restore reciprocity to the FCC's equipment authorization program. For decades, the FCC limited testing to labs in the U.S. or in foreign countries that have Mutual Recognition Agreements (MRAs) with the U.S., wherein each country would recognize the other's test labs. But in 2015, the FCC abandoned that principle, leading to more than 75% of testing to occur in countries that refuse any reciprocal agreement with the U.S.
Today's rules and FNRPM brings reciprocity back. We propose to cease recognizing any lab in a country without a reciprocal agreement. If a country wants the FCC to recognize its test labs, the country should sign an MRA or similar agreement with the U.S. This will not only ensure reciprocal international commercial relations, but also will ensure that the FCC has sufficient oversight, monitoring, and enforcement authority to guarantee the integrity of the equipment authorization process. It will also hopefully onshore testing capacity that has been offshored for decades.
For their work on this item, I want to thank Katherine Patsas Nevitt, Erika Heeren-Moon, Alice Jou, Andrew Hendrickson, Dusmantha Tennakoon, Thomas Rigolage, Brandon Moss, Aleks Yankelevich, Cher Li, Siobahn Philemon, Doug Klein, and Deborah Broderson.
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Original text here: https://docs.fcc.gov/public/attachments/DOC-421311A2.pdf
FCC Proposes to Amend Audible Crawl Rule to Preserve Accessibility
WASHINGTON, May 1 -- The Federal Communications Commission issued the following news release on April 30, 2026:
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FCC Proposes to Amend Audible Crawl Rule to Preserve Accessibility
Proposal will Eliminate the Need for Successive Waivers and Ensure the Continued Availability of Visual, Non-Textual Emergency Information
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Today, the Federal Communications Commission adopted a proposal to amend the Audible Crawl Rule that would ensure that people who are blind or visually impaired continue to have access to the same critical details of an emergency as sighted viewers.
The Commission's
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WASHINGTON, May 1 -- The Federal Communications Commission issued the following news release on April 30, 2026:
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FCC Proposes to Amend Audible Crawl Rule to Preserve Accessibility
Proposal will Eliminate the Need for Successive Waivers and Ensure the Continued Availability of Visual, Non-Textual Emergency Information
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Today, the Federal Communications Commission adopted a proposal to amend the Audible Crawl Rule that would ensure that people who are blind or visually impaired continue to have access to the same critical details of an emergency as sighted viewers.
The Commission'sAudible Crawl Rule requires the use of a secondary audio stream to convey televised emergency information aurally when such information is conveyed visually (e.g., in an on-screen text crawl or a small image like a weather radar map), so that it is accessible to people who are blind or visually impaired. To date, no technical solution exists for compliance with the audible crawl rule as it relates to graphics like a weather radar map, and the rule has been waived in part for the entirety of the nearly 11 years since compliance was required. This modified rule will stipulate that the rule is met if video programming providers or distributors provide textual crawls that convey emergency information duplicative of or equivalent to the visual, non-textual emergency information, as long as the text is conveyed aurally.
Additional Background Information:
Today's Third Further Notice of Proposed Rulemaking will start a rulemaking proceeding to seek comment on amending the Audible Crawl Rule. This proposal will enhance government efficiency and regulatory certainty by modifying an unworkable part of a rule and eliminating the need for multiple successive waivers. Importantly, the proposed rule change would ensure that TV broadcasters continue to provide radar maps and other graphics conveying emergency information during non-newscast programming, while also preserving accessibility and consumer interests.
Action by the Commission April 30, 2026 by Third Further Notice of Proposed Rulemaking (FCC 26-31). Chairman Carr, Commissioners Gomez and Trusty approving. Chairman Carr and Commissioner Trusty issuing separate statements.
MB Docket No. 12-107
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Original text here: https://docs.fcc.gov/public/attachments/DOC-421320A1.pdf
FCC Modernizes Its Satellite Spectrum Sharing Rules to Boost Super-Fast, Space-Based Broadband
WASHINGTON, May 1 -- The Federal Communications Commission issued the following news release on APRIL 30, 2026:
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FCC Modernizes Its Satellite Spectrum Sharing Rules to Boost Super-Fast, Space-Based Broadband
New Rules Replace 90s-Era Regulatory Regime to Match Today's Satellite Realities
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The Federal Communications Commission today voted to modernize its satellite spectrum-sharing rules. This is a major step toward enhancing the satellite broadband experience for millions of Americans by enabling faster speeds, lower costs, and greater reliability. This change could also unlock more
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WASHINGTON, May 1 -- The Federal Communications Commission issued the following news release on APRIL 30, 2026:
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FCC Modernizes Its Satellite Spectrum Sharing Rules to Boost Super-Fast, Space-Based Broadband
New Rules Replace 90s-Era Regulatory Regime to Match Today's Satellite Realities
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The Federal Communications Commission today voted to modernize its satellite spectrum-sharing rules. This is a major step toward enhancing the satellite broadband experience for millions of Americans by enabling faster speeds, lower costs, and greater reliability. This change could also unlock morethan $2 billion in economic benefits for the American people and up to seven-fold more capacity for space-based broadband services.
The Report and Order adopted today replaces the Equivalent Power Flux Density (EPFD) framework with modern, performance-based GSO protection criteria that take account of the improved spectrum sharing possibilities that modern satellite technology has brought, including through use of adaptive coding and modulation (ACM). The new sharing regime builds on the Commission's time-tested framework for good-faith coordination to allow NGSO and GSO operators to bargain for appropriate interference protections through voluntary, private agreements.
The current, decades-old regulatory regime has significantly limited the ability of operators to deliver high-speed, low-latency broadband services to consumers. Until now, NGSO operators' power levels have been restricted by EPFD limits developed in the late-1990s to protect GSO satellites. Such limits were based on theoretical designs for NGSO systems of that era, long before modern advancements were developed for the NGSO constellations currently in orbit. This government-imposed overprotection of GSO systems has meant that American households and businesses--most critically in rural and remote areas--do not receive the fastest space-based broadband American innovation has available.
Action by the Commission April 30, 2026 by Report and Order (FCC 26-26). Chairman Carr, Commissioners Gomez and Trusty approving. Chairman Carr and Commissioner Trusty issuing separate statements.
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Original text here: https://docs.fcc.gov/public/attachments/DOC-421308A1.pdf
FCC Chairman Carr Outlines Measures to Block Covered List Entities from Providing Domestic Telecommunications Services
WASHINGTON, May 1 -- The Federal Communications Commission issued the following statement on April 30, 2026, by Chairman Brendan Carr:
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Re: Protecting Against National Security Threats in Domestic Telecommunications Service, WC Docket No. 26-82, Notice of Proposed Rulemaking (Apr. 30, 2026).
Under multiple presidents and multiple FCC Chairs, the FCC has worked to counter the threats that foreign adversaries pose to our networks. From 2019 to 2023, the FCC denied or revoked the international telecommunications authority of 5 separate entities--all controlled by foreign adversaries--and added
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WASHINGTON, May 1 -- The Federal Communications Commission issued the following statement on April 30, 2026, by Chairman Brendan Carr:
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Re: Protecting Against National Security Threats in Domestic Telecommunications Service, WC Docket No. 26-82, Notice of Proposed Rulemaking (Apr. 30, 2026).
Under multiple presidents and multiple FCC Chairs, the FCC has worked to counter the threats that foreign adversaries pose to our networks. From 2019 to 2023, the FCC denied or revoked the international telecommunications authority of 5 separate entities--all controlled by foreign adversaries--and addedthese services to the Covered List. These actions followed findings that their services posed unacceptable national security risks.
Nonetheless, many of these entities--and others identified on the FCC's Covered List--continue to operate or potentially operate in the United States by providing services that do not fall under the legal definition of international telecommunications authority. For years, I have referred to this evasion as an "End Run" around our Covered List rules. The very first action the FCC's Council on National Security took was to launch an investigation into Covered List entities' continued operation in the U.S.
Today's NPRM opens a comment period on a range of different measures we can take to close these loopholes. Starting from the least controversial, we have proposed that Covered List entities no longer be granted blanket authority to provide domestic telecommunications services; at the very least they should have to apply to provide such services. We also seek comment on a range of other potential measures the Commission can take to secure our networks from these bad actors, including limiting their interconnection ability.
I would like to especially thank Commissioner Trusty for her continued leadership on national security matters and her great edits to seek comment on potentially limiting Covered List entities' ability to operate RF device to provide communications services under our unlicensed wireless rules.
For their work on this item, I want to thank Joseph Calascione, Jodie Griffin, Jodie May, Melissa Kirkel, Robert Martin, Doug Klein, and Deborah Broderson.
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Original text here: https://docs.fcc.gov/public/attachments/DOC-421313A2.pdf
CPSC Issues Recall Alert Involving Thermos Stainless King 3000 & 3020 Food Jars, Thermos Sportsman 3010 Food & Beverage Bottles
WASHINGTON, May 1 -- The Consumer Product Safety Commission issued the following recall alert on April 30, 2026:
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Name of Product: Thermos Stainless King 3000 and 3020 Food Jars and Thermos Sportsman 3010 Food & Beverage Bottles
Hazard: If perishable food or beverages are stored in the container for an extended period of time, the stopper can forcefully eject when opened, which can result in serious impact injury and laceration hazards to the consumer.
Remedy: Replace
Recall Date: April 30, 2026
Units: About 5.8 million Stainless King Food Jars and about 2.3 million Sportsman Food &
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WASHINGTON, May 1 -- The Consumer Product Safety Commission issued the following recall alert on April 30, 2026:
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Name of Product: Thermos Stainless King 3000 and 3020 Food Jars and Thermos Sportsman 3010 Food & Beverage Bottles
Hazard: If perishable food or beverages are stored in the container for an extended period of time, the stopper can forcefully eject when opened, which can result in serious impact injury and laceration hazards to the consumer.
Remedy: Replace
Recall Date: April 30, 2026
Units: About 5.8 million Stainless King Food Jars and about 2.3 million Sportsman Food &Beverage Bottles
Consumer Contact: Thermos online at https://support.thermos.com or go to https://www.thermos.com and click "Contact Us" or "Recall Info," or call 662-563-6822 from 7 a.m. to 3:30 p.m. CT Monday through Friday.
Recall Details
Description: This recall involves Thermos Stainless King Food Jars with model numbers SK3000 and SK3020, manufactured before July 2023 and all Thermos Sportsman Food & Beverage Bottles with model number SK3010. The stopper of the recalled Food Jars and Food & Beverage Bottles does not have a pressure relief in the center. The containers were sold in a variety of colors in sizes of 16-oz, model number SK3000, 24-oz, model number SK3020, and 40-oz, model number SK3010. The Thermos trademark is located on the side of the product. The model numbers are printed on the bottom of the recalled containers.
Remedy: Consumers should stop using the recalled Food Jars and Bottles immediately and contact Thermos to receive a free replacement pressure relief stopper or replacement Bottle, depending on the model. For recalled 3000 and 3020 Food Jars, consumers will be asked to throw away the stopper and send a photo of the disposed stopper to Thermos. For recalled 3010 Bottles, consumers will be asked to return their recalled Bottle to Thermos using a prepaid shipping label.
Incidents/Injuries: Thermos has received 27 reports of consumers who were struck by a stopper that forcefully ejected from these containers upon opening, including complaints of impact and laceration injuries requiring medical attention. Three consumers suffered permanent vision loss after being struck in the eye.
Sold At: Target, Walmart and other stores nationwide and online at Amazon.com, Walmart.com, Target.com and Thermos.com between around March 2008 and July 2024 for about $30.
Importer(s): Thermos L.L.C., of Schaumburg, Illinois
Manufactured In: China and Malaysia
Recall number: 26-444
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Original text here: https://www.cpsc.gov/Recalls/2026/Thermos-Recalls-8-2-Million-Stainless-King-Food-Jars-and-Bottles-Due-to-Serious-Impact-Injury-and-Laceration-Hazards
CPSC Issues Recall Alert Involving DGIVOVO US Electric Pressure Washers
WASHINGTON, May 1 -- The Consumer Product Safety Commission issued the following recall alert on April 30, 2026:
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Name of Product: DGIVOVO US Electric Pressure Washers
Hazard: The recalled pressure washers lack an integral ground-fault circuit-interrupter (GFCI), posing a serious risk of injury or death from shock and electrocution hazards.
Remedy: Replace
Recall Date: April 30, 2026
Units: 50
Consumer Contact: DGIVOVO US by email at dgivovo@163.com.
Recall Details
Description: This recall involves DGIVOVO US-branded pressure washers. The recalled, electric pressure washers are red,
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WASHINGTON, May 1 -- The Consumer Product Safety Commission issued the following recall alert on April 30, 2026:
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Name of Product: DGIVOVO US Electric Pressure Washers
Hazard: The recalled pressure washers lack an integral ground-fault circuit-interrupter (GFCI), posing a serious risk of injury or death from shock and electrocution hazards.
Remedy: Replace
Recall Date: April 30, 2026
Units: 50
Consumer Contact: DGIVOVO US by email at dgivovo@163.com.
Recall Details
Description: This recall involves DGIVOVO US-branded pressure washers. The recalled, electric pressure washers are red,green or blue with black, and measure about seven inches high, nine inches wide and eight inches deep. They came with a 500 ml spray can attachment, foam cannon, four connect nozzles, a 20-foot hose and two rollers. "Model: C4012PLUS-1500C" is printed on a label located on the back of the pressure washers.
Remedy: Consumers should immediately stop using the recalled pressure washers and contact DGIVOVO US for a free replacement pressure washer of at least equal value to the recalled pressure washer, including shipping. Consumers will be asked to destroy the pressure washer by unplugging it and cutting the power cord in half and send a photo of the destroyed power washer to dgivovo@163.com. Consumers should then dispose of the destroyed recalled product.
Incidents/Injuries: None reported
Sold Online At: Amazon.com from October 2025 through January 2026 for about $90.
Retailer: Ningbopingyao E-Commerce Ltd., dba DGIVOVO US, of China
Manufactured In: China
Recall number: 26-452
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Original text here: https://www.cpsc.gov/Recalls/2026/Pressure-Washers-Recalled-Due-to-Serious-Risk-of-Injury-or-Death-from-Shock-and-Electrocution-Hazards-Imported-by-DGIVOVO-US
