Thursday - December 18, 2025
Federal Regulatory Agencies

Here's a look at documents from federal regulatory agencies

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SEC Sues Ex-Executives of Arizona-Based Company for Accounting & Disclosure Fraud
WASHINGTON, Dec. 18 -- The Securities and Exchange Commission issued the following litigation release (No. CV-25-04696-PHX-SMB; D. Ariz. filed Dec. 15, 2025):

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Securities and Exchange Commission v. Frederick W. Wagenhals, Robert D. Wiley, and Christopher D. Larson, Case No. CV-25-04696-PHX-SMB (D. Ariz. filed Dec. 15, 2025)

On December 15, 2025, the Securities and Exchange Commission charged Fred W. Wagenhals, Robert D. Wiley, and Christopher D. Larson, three former executives of Scottsdale, Arizona-based Ammo, Inc. n/k/a Outdoor Holding Co., with accounting and disclosure fraud.

According ... Show Full Article

SEC Obtains Final Consent Judgment Against Florida Resident Charged With Fraudulent Scheme Targeting Religious Community
WASHINGTON, Dec. 18 -- The Securities and Exchange Commission issued the following litigation release (No. 1:23-cv-05708; E.D.N.Y. filed July 28, 2023) involving Mina Tadrus:

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On December 12, 2025, the U.S. District Court for the Eastern District of New York entered a final consent judgment in the SEC's civil enforcement action against Mina Tadrus.

The SEC's complaint, filed on July 28, 2023, alleged that, since at least September 2020, Tadrus and an entity he controlled, Tadrus Capital LLC, solicited and sold investments in Tadrus Capital Fund LP, a purported pooled investment vehicle, ... Show Full Article

SEC Litigation: Court Enters Final Judgment as to Alabama Private Fund Manager in Alleged Offering Fraud
WASHINGTON, Dec. 18 -- The Securities and Exchange Commission issued the following litigation release (No. 24-000327; S.D. Ala. filed Sept. 10, 2024) involving James O Ward Jr.:

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On October 28, 2025, the Securities and Exchange Commission obtained a final judgment imposing a civil penalty in its civil enforcement action against James O. Ward, Jr.

The SEC's complaint, filed on September 10, 2024 in federal district court in Mobile, Alabama, alleged that Ward made several false claims in selling securities issued by Apex Financial Institute Pvt. Ltd., a private investment fund managed by ... Show Full Article

SEC Files Settled Action as to Southern California Resident in Alleged Manipulative Spoofing Scheme
WASHINGTON, Dec. 18 -- The Securities and Exchange Commission issued the following litigation release (No. 25-cv-11863; C.D. Cal. filed Dec. 16, 2025) involving Artur Khachatryan:

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On December 16, 2025, the Securities and Exchange Commission filed settled charges as to Artur Khachatryan, a resident of Tujunga, California, for allegedly conducting a manipulative stock trading scheme known as spoofing over a two-year period and generating approximately $373,885 in ill-gotten gains.

According to the SEC's complaint, Khachatryan's scheme involved placing orders for stock that he did not intend ... Show Full Article

FCC Wireline Competition Bureau Issues Public Notice: Comments Invited on Section 214 Application to Discontinue Domestic Non-Dominant Carrier Telecommunications Services
WASHINGTON, Dec. 18 -- The Federal Communications Commission's Wireline Competition Bureau issued the following public notice (WC Docket No. 25-319) on Dec. 17, 2025:

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Unless otherwise specified, the following procedures and dates apply to the application(s) (the Section 214 Discontinuance Application(s)) listed in the Appendix.

The Wireline Competition Bureau (Bureau), upon initial review, has found the Section 214 Discontinuance Application(s) listed herein to be acceptable for filing and subject to the procedures set forth in Section 63.71 of the Commission's rules./1 The application(s) ... Show Full Article

FCC Wireline Competition Bureau Issues Public Notice: Comments Invited on AT&T's Section 214 Application to Discontinue Domestic Legacy Voice Service as Part of Technology Transition
WASHINGTON, Dec. 18 -- The Federal Communications Commission's Wireline Competition Bureau issued the following public notice (WC Docket No. 25-346) on Dec. 17, 2025:

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Unless otherwise specified, the following procedures and dates apply to the application(s) (the Section 214 Discontinuance Application(s)) listed in the Appendix.

The Wireline Competition Bureau (Bureau), upon initial review, has found the Section 214 Discontinuance Application(s) listed herein to be acceptable for filing and subject to the procedures set forth in Section 63.71 of the Commission's rules./1 The application(s) ... Show Full Article

FCC Wireline Competition Bureau Issues Public Notice: Chairman Carr Names 7 Members to Board of Directors of Universal Service Administrative
WASHINGTON, Dec. 18 -- The Federal Communications Commission's Wireline Competition Bureau issued the following public notice (CC Docket Nos. 96-45, 97-21) on Dec. 17, 2025:

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Federal Communications Commission Chairman Brendan Carr hereby appoints seven members to the Board of Directors of the Universal Service Administrative Company (USAC) pursuant to section 54.703(c)(3) of the Commission's rules./1 Each appointee was nominated in response to Public Notices issued earlier this year soliciting nominations for the Board positions listed below./2 Each position has a three-year term beginning ... Show Full Article