Sunday - September 19, 2021
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: RBC Charged With Failing to Give Priority to Retail and Institutional Investors in Municipal Offerings
WASHINGTON, Sept. 18 -- The Securities and Exchange Commission issued the following news release on Sept. 17, 2021:

The Securities and Exchange Commission today announced that RBC Capital Markets LLC has agreed to pay more than $800,000 to resolve charges that it engaged in unfair dealing in municipal bond offerings. The SEC also announced settled charges against Kenneth G. Friedrich, RBC's former head of Municipal Sales, Trading and Syndication, and Jaime L. Durando, the head of RBC's municipal syndicate desk.

According to the SEC's order, over a nearly four-year period, RBC improperly allocated ... Show Full Article

SEC Issues Trading Suspension Order Involving Online Disruptive Technologies
WASHINGTON, Sept. 18 -- The Securities and Exchange Commission issued the following trading suspension order on Sept. 16, 2021:

The U.S. Securities and Exchange Commission announced the temporary suspension of trading in the securities of the following issuer, commencing at 9:30 a.m. EDT on September 17, 2021 and terminating at 11:59 p.m. EDT on September 30, 2021:

* Online Disruptive Technologies, Inc. (ONDR)

The Commission temporarily suspended trading in the securities of the foregoing company due to a lack of current and accurate information about the company because it has not filed certain ... Show Full Article

SEC Issues Trading Suspension Order Involving Ngen Technologies Holdings
WASHINGTON, Sept. 18 -- The Securities and Exchange Commission issued the following trading suspension order on Sept. 16, 2021:

The U.S. Securities and Exchange Commission announced the temporary suspension of trading in the securities of the following issuer, commencing at 9:30 a.m. EDT on September 17, 2021 and terminating at 11:59 p.m. EDT on September 30, 2021:

* Ngen Technologies Holdings Corp. (NGRP)

The Commission temporarily suspended trading in the securities of the foregoing company due to a lack of current and accurate information about the company because it has not filed certain ... Show Full Article

SEC Issues Accounting & Auditing Enforcement Order Involving John M. Williams
WASHINGTON, Sept. 18 -- The Securities and Exchange Commission's Accounting and Auditing Enforcement issued the following order (No. 4254) involving John M. Williams:

In the Matter of JOHN M. WILLIAMS

ORDER GRANTING APPLICATION FOR REINSTATEMENT TO APPEAR AND PRACTICE BEFORE THE COMMISSION AS AN ACCOUNTANT RESPONSIBLE FOR THE PREPARATION OR REVIEW OF FINANCIAL STATEMENTS REQUIRED TO BE FILED WITH THE COMMISSION

On April 4, 2012, John M. Williams ("Williams") was suspended from appearing or practicing before the Commission as an accountant as a result of settled public administrative proceedings ... Show Full Article

SEC Awards $11.5 Million to Two Whistleblowers
WASHINGTON, Sept. 18 -- The Securities and Exchange Commission issued the following news release on Sept. 17, 2021:

The Securities and Exchange Commission today announced awards of approximately $11.5 million to two whistleblowers whose information and assistance contributed to the success of an SEC enforcement action.

The first whistleblower received an award of nearly $7 million, while the second whistleblower received more than $4.5 million. The larger award was in recognition of the fact that the first whistleblower was the initial source that caused the staff to open the investigation into ... Show Full Article

NCUA Liquidates C O Federal Credit Union in Charleston, S.C.
ALEXANDRIA, Virginia, Sept. 18 -- The National Credit Union Administration issued the following news release on Sept. 17, 2021:

The National Credit Union Administration today liquidated C O Federal Credit Union in Charleston, South Carolina, after determining the credit union was insolvent and had no prospect for restoring viable operations.

C O Federal Credit Union member deposits are federally insured by the National Credit Union Share Insurance Fund up to at least $250,000. The Share Insurance Fund has the backing of the full faith and credit of the United States.

Members with questions about ... Show Full Article

Merit Systems Protection Board: Nonprecedential Court Decision
WASHINGTON, Sept. 18 -- The Merit Systems Protection Board issued the following case report for Sept. 17, 2021:

NONPRECEDENTIAL:

Martin v. Merit Systems Protection Board, No. 2020-2183 (Fed. Cir. Sept. 10, 2021) (per curiam) (MSPB Docket No. DC-0845-20-0640-I-1): The administrative judge dismissed this appeal as untimely filed without good cause shown for the delay. After the initial decision's finality date, the appellant filed an untimely petition for review with the Board and a timely petition for review with the court.

The court determined that, because the outstanding Board petition was ... Show Full Article