Tuesday - June 25, 2019
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 Names Vanessa Countryman to Lead the Office of the Secretary
WASHINGTON, June 24 -- The Securities and Exchange Commission issued the following news release:

The Securities and Exchange Commission today announced that Vanessa Countryman has been appointed as the agency's Secretary. The Secretary is responsible for overseeing the administrative aspects of Commission meetings, rulemakings, and procedures. Ms. Countryman has served as Acting Secretary since March 2019.

Within the SEC, the Office of the Secretary plays a central role in ensuring the effective processing of Commission business. Office staff, among other things, review all documents submitted ... Show Full Article

SEC Issues Statement on Public Company Accounting Oversight Board Seat
WASHINGTON, June 24 -- The Securities and Exchange Commission issued the following statement by Acting Chief Accountant Sagar Teotia:

"The Public Company Accounting Oversight Board ("PCAOB") is one of the centerpieces of the Sarbanes-Oxley Act of 2002 ("SOX"). SOX provides that the PCAOB is governed by a Board of five members -- two of whom must be certified public accountants, and three of whom must not be -- serving for staggered five-year terms.

"In December 2017, Kathleen M. Hamm was appointed to the PCAOB Board and is serving in the 2014-2019 term. That term expires in October 2019. Ms. ... Show Full Article

SEC Issues Order Involving Suzanne Aileen Gagnier
WASHINGTON, June 24 -- The Securities and Exchange Commission issued the following order (No. 3-19215) involving Suzanne Aileen Gagnier:

In the Matter of SUZANNE AILEEN GAGNIER, Respondent.

ORDER INSTITUTING ADMINISTRATIVE PROCEEDINGS PURSUANT TO SECTION 15(b) OF THE SECURITIES EXCHANGE ACT OF 1934 MAKING FINDINGS, AND IMPOSING REMEDIAL SANCTIONS

I. The Securities and Exchange Commission ("Commission") deems it appropriate and in the public interest that public administrative proceedings be, and hereby are, instituted pursuant to Section 15(b) of the Securities Exchange Act of 1934 ("Exchange ... Show Full Article

SEC Issues Order Involving Anastasios 'Tommy' Belesis
WASHINGTON, June 24 -- The Securities and Exchange Commission issued the following order (No. 3-18088) involving Anastasios P. 'Tommy' Belesis:

In the Matter of ANASTASIOS P. "TOMMY" BELESIS, Respondent.

ORDER APPOINTING TAX ADMINISTRATOR

By order dated February 22, 2019, the Commission issued the "Omnibus Order Directing the Appointment of Tax Administrator in Administrative Proceedings that Establish Distribution Funds" ("Omnibus Order"),/1 authorizing the Secretary to issue orders for calendar years 2019-2021 appointing, upon request by the Commission staff, Miller Kaplan Arase LLP ("Miller ... Show Full Article

SEC Charges Founder of Bankrupt Advisory Firm With Fraud
WASHINGTON, June 24 -- The Securities and Exchange Commission issued the following litigation release:

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- Securities and Exchange Commission v. Donald S. LaGuardia, Jr., No. 19-cv-05895 (S.D.N.Y. filed June 24, 2019)

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The Securities and Exchange Commission today charged a founder and managing principal of a New York-based investment adviser for misappropriating approximately $2.6 million from investors and then concealing part of the misappropriation through fraudulent accounting devices.

The SEC's complaint alleges that beginning in at least 2013, Donald S. LaGuardia, Jr., a resident ... Show Full Article

FDIC Names Amy C. Thompson as Director of the Office of Communications
WASHINGTON, June 24 -- The Federal Deposit Insurance Corporation issued the following news release:

The Federal Deposit Insurance Corporation (FDIC) today announced the appointment of Amy C. Thompson as Director of the Office of Communications. In her new role, Ms. Thompson will lead the agency's internal and external communications initiatives, including planning and executing public affairs activities to promote understanding of the FDIC's mission, objectives, and programs.

"I am very pleased that Amy has joined our team. She possesses a wide range of both private- and public-sector experience ... Show Full Article

Eric J. Pan, Director of CFTC's Office of International Affairs, to Leave the Agency
WASHINGTON, June 24 -- The Commodity Futures Trading Commission issued the following news release:

The Commodity Futures Trading Commission (CFTC) announced today that Eric J. Pan, Director of CFTC's Office of International Affairs (OIA), will leave the agency in August.

"The derivatives markets are global markets, which makes it essential that the CFTC recognize the cross-border implications of its policies and successfully advance cross-border cooperation with foreign regulators," said CFTC Chairman J. Christopher Giancarlo. "Eric has been absolutely critical to this effort and achieved great ... Show Full Article