Wednesday - September 30, 2020
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

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USITC Institutes Section 337 Investigation of Certain Filament Light-Emitting Diodes and Products Containing Same
WASHINGTON, Sept. 30 -- The U.S. International Trade Commission issued the following news release:

The U.S. International Trade Commission (USITC) has voted to institute an investigation of certain filament light-emitting diodes and products containing same (II). The products at issue in the investigation are described in the Commission's notice of investigation.

The investigation is based on a complaint filed by The Regents of the University of California of Oakland, CA, on August 31, 2020. The complaint alleges violations of section 337 of the Tariff Act of 1930 in the importation into the ... Show Full Article

NRC Issues Event Notification 54918 for Sequoyah in Tennessee
WASHINGTON, Sept. 30 -- The Nuclear Regulatory Commission issued the following event notification (No. 54918) involving Sequoyah, Tennessee:

OFFSITE NOTIFICATION - OIL SPILL

"On 9/28/20 at 1143 EDT, a notification to the National Response Center was made after discovery of a visible oil sheen on the waters of the U.S. (Sequoyah's side of the intake forebay skimmer wall at the Essential Raw Cooling Water (ERCW) building). The source was an oil bucket that overflowed with rain at the ERCW pumping station. Efforts are in progress to eliminate all other potential sources of oil at the station that ... Show Full Article

NRC Issues Event Notification 51626 for Jacobs Engineering Group in Tampa
WASHINGTON, Sept. 30 -- The Nuclear Regulatory Commission issued the following event notification (No. 51626) involving Jacobs Engineering Group, Tampa:

EN Revision Imported Date : 9/29/2020

EN Revision Text: AGREEMENT STATE REPORT - STOLEN TROXLER GAUGE

The following report was received from the State of Florida via email:

"At approximately 0800 [EST], a construction 'con-x box' was found with a padlock and chain cut off. The Troxler Gauge Model No. 3440, Ser. No. 70830 was found missing. The incident was immediately reported to [the licensee Radiation Safety Officer], who reported the incident ... Show Full Article

Litigation: SEC Vs. Corbin L. Lambert - SEC Charges Nebraska-Based Investment Adviser Representative for Conducting Fraudulent 'Cherry-Picking' Scheme
WASHINGTON, Sept. 30 -- The Securities and Exchange Commission issued the following litigation release (No. 4:20-cv-03116; D. Neb. filed September 28, 2020):

The Securities and Exchange Commission today charged Lincoln, Nebraska resident Corbin L. Lambert, the former CEO of Continuum Financial, LLC, a Nebraska-registered investment advisory firm, for conducting a cherry-picking scheme that defrauded his clients.

According to the SEC's complaint, from at least January 2017 through March 2018, Lambert placed options trades using Continuum Financial's omnibus account, which is intended to facilitate ... Show Full Article

FDIC: Treatment of Certain Emergency Facilities in the Regulatory Capital Rule and the Liquidity Coverage Ratio Rule
WASHINGTON, Sept. 30 -- The Federal Deposit Insurance Corporation issued the following financial institution letter (No. FIL-93-2020):

Summary:

The FDIC, the Board of Governors of the Federal Reserve System (Federal Reserve), and the Office of the Comptroller of the Currency (the Agencies) are adopting as final the revisions to the regulatory capital rule and the liquidity coverage ratio (LCR) rule to facilitate the use of the Money Market Mutual Fund Liquidity Facility (MMLF) and the Paycheck Protection Program Liquidity Facility (PPPLF).

Statement of Applicability to Institutions with Total ... Show Full Article

FCC Eliminates Outdated Cable Operator Interest Records Rules
WASHINGTON, Sept. 30 -- The Federal Communications Commission issued the following news release on Sept. 29:

The Federal Communications Commission today adopted a Report and Order eliminating the requirement that cable operators maintain records in their online public inspection files regarding their interests in video programming services.

The Order also eliminates the related requirement that cable operators maintain in their online public inspection files information regarding their carriage of these services on cable systems they own.

These requirements contained in section 76.1710 of the ... Show Full Article

Dollar Tree Distribution, Inc. Sued by EEOC for Disability Discrimination
SEATTLE, Washington, Sept. 30 -- The Equal Employment Opportunity Commission issued the following news release on Sept. 29:

Dollar Tree Distribution, Inc., violated federal law when it failed to accommodate or hire a deaf applicant for an entry level warehouse job at its Ridgefield, Washington facility, the U.S. Equal Employment Opportunity Commission (EEOC) alleged in a lawsuit filed today.

According to the EEOC, a Dollar Tree Distribution supervisor deliberately conducted the interview in a manner in which the applicant could not fully understand the supervisor, even though the applicant had ... Show Full Article