Tuesday - January 25, 2022
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

FTC Approves Final Order Requiring Northeast Supermarkets Price Chopper and Tops Market to Sell 12 Stores as a Condition of Merger
WASHINGTON, Jan. 25 -- The Federal Trade Commission issued the following news release:

Following a public comment period, the Federal Trade Commission has approved a final order settling charges that the merger of New York-based supermarket operators The Golub Corp., which owns the Price Chopper chain, and Tops Market Corp. would likely be anticompetitive in 11 local markets across upstate New York and Vermont.

Under the terms of the final settlement, the supermarket operators have agreed to divest 12 Tops supermarkets to C&S Wholesale Grocers. The order requires the parties to obtain the prior ... Show Full Article

FTC Announces Annual Update of Size of Transaction Thresholds for Premerger Notification Filings and Interlocking Directorates
WASHINGTON, Jan. 25 -- The Federal Trade Commission issued the following news release:

For 2022, the size-of-transaction threshold for reporting proposed mergers and acquisitions under Section 7A of the Clayton Act will adjust from $92 million to $101 million. Also, the 2022 thresholds under Section 8 of the Act that trigger prohibitions on certain interlocking memberships on corporate boards of directors are $41,034,000 for Section 8(a)(l ) and $4,103,400 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

FDIC Announces Collaboration With Operation HOPE, to Expand Financial Education and Minority/Women-Owned Business Opportunities
WASHINGTON, Jan. 25 -- The Federal Deposit Insurance Corporation issued the following news release on Jan. 24, 2022:

The Federal Deposit Insurance Corporation (FDIC) today announced a collaboration with Operation HOPE, Inc., to promote financial education using the FDIC's Money Smart curriculum and other resources and to help educate minority- and/or women-owned businesses on how to do business with the agency. The arrangement expands upon a longstanding relationship between the FDIC and Operation HOPE to promote economic inclusion and increase consumer access to affordable credit.

In 2001, recognizing ... Show Full Article

Litigation: SEC Obtains Final Judgment Against Detroit Area Businessperson Who Fraudulently Used Investors Funds to Play Michigan State Lottery
WASHINGTON, Jan. 24 -- The Securities and Exchange Commission issued the following litigation release (No. 21-civ-10199; E.D Michigan filed Jan. 28, 2021) involving Viktor Gjonaj:

On January 24, 2022, the U.S. District Court for the Eastern District of Michigan entered a Final Judgment against Viktor Gjonaj, whom the SEC previously charged for allegedly defrauding members of the Albanian-American community out of approximately $26.4 million, some of which he spent playing the Michigan State Lottery.

According to the SEC's complaint filed on January 28, 2021, from at least mid-2016 to 2019, Gjonaj ... Show Full Article

SEC Issues Awards Totaling More Than $40 Million to Four Whistleblowers
WASHINGTON, Jan. 22 -- The Securities and Exchange Commission issued the following news release on Jan. 21, 2022:

The Securities and Exchange Commission today announced three awards totaling more than $40 million to four whistleblowers who provided information and assistance in three separate covered actions.

In the first order, the SEC issued an award of approximately $37 million to two joint whistleblowers who provided key evidence that contributed to the success of the covered action. The whistleblowers also provided ongoing assistance and helped the staff identify additional information that ... Show Full Article

FEC Issues Digest Week of Jan. 17-21, 2022
WASHINGTON, Jan. 22 -- The Federal Election Commission issued the following weekly digest:

Commission meetings and hearings

No open meetings or executive sessions were scheduled this week.

Enforcement

The Commission made public eight closed cases, as follows. For more information, see the case documents in the Enforcement Query System.

MUR 7584

COMPLAINANT: Gary Hirschkron

RESPONDENTS: M Financial Holdings Incorporated (M Financial); and M Political Advocacy Committee (MPAC)

SUBJECT: The complaint alleged that M Financial and MPAC violated the Federal Election Campaign Act of 1971, as amended ... Show Full Article

FDIC Approves Final Rule Regarding Deposit Insurance Simplification
WASHINGTON, Jan. 22 -- The Federal Deposit Insurance Corporation issued the following news release on Jan. 21, 2022:

The Federal Deposit Insurance Corporation (FDIC) today approved a final rule to simplify aspects of the agency's deposit insurance coverage rules.

The final rule simplifies deposit insurance coverage for deposits held in connection with revocable and irrevocable trusts by merging these two deposit insurance categories and applying a simpler, common calculation to determine coverage. Currently, the FDIC receives more inquiries related to deposit insurance coverage for trust deposits ... Show Full Article