Friday - August 17, 2018
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 Issues Administrative Proceeding Involving Citigroup
WASHINGTON, Aug. 16 -- The Securities and Exchange Commission issued the following administrative proceeding (No. 3-18646) involving Citigroup:

ORDER INSTITUTING CEASE-AND-DESIST PROCEEDINGS PURSUANT TO SECTION 21C OF THE SECURITIES EXCHANGE ACT OF 1934, MAKING FINDINGS, AND IMPOSING A CEASE-AND-DESIST ORDER

I. The Securities and Exchange Commission ("Commission") deems it appropriate that cease-and-desist proceedings be, and hereby are, instituted pursuant to Section 21C of the Securities Exchange Act of 1934 ("Exchange Act"), against Citigroup Inc. ("Respondent").

II. In anticipation of the ... Show Full Article

SEC Announces Settlement With Two Traders in Innate Insider Trading Case
WASHINGTON, Aug. 16 -- The Securities and Exchange Commission issued the following litigation release:

The Securities and Exchange Commission announced the entry of final judgments against two traders who received tips of material, nonpublic information about negative drug trial results for Innate Immunotherapeutics.

Lauren Zarsky and her mother, Dorothy Zarsky, consented to the entry of final judgments without admitting or denying the charges that they sold their shares of Innate based on tips they received from Cameron Collins, Lauren Zarsky's boyfriend. The SEC separately charged U.S. Congressman ... Show Full Article

NRC Receives Event Notification Involving Kettering Medical Center
WASHINGTON, Aug. 16 -- The Nuclear Regulatory Commission issued the following event notification (No. 53539) involving Kettering Medical Center, Ohio:

AGREEMENT STATE REPORT - PATIENT OVEREXPOSURE

The following information was received via E-mail:

"The licensee reported to the [Ohio] Department [of Health] on 8/3/2018 that a potential medical event had occurred due to a delay in a surgical procedure. The delay was caused by the insurance company rescinding approval to remove a breast tumor until three medical opinions were obtained. The licensee implanted a 472 microCi I-125 seed [radioactive ... Show Full Article

FTC Provides Back-to-School Advice for Parents
WASHINGTON, Aug. 16 -- The Federal Trade Commission issued the following news release:

As students across the country head back to school, the Federal Trade Commission has advice for parents on talking to their kids about online safety, protecting their children's personal information, and back-to-school shopping.

In the first blog post, published today as part of a three-part series, the FTC urges parents to talk to their children about being safe online. The blog post encourages parents to discuss their expectations for appropriate online behavior, and stresses the importance of keeping lines ... Show Full Article

FCC Issues Order on Karousel Satellite
WASHINGTON, Aug. 16 -- The Federal Communications Commission issued the following order:

In the Matter of Karousel Satellite LLC

Application for Authority to Launch and Operate a Non-Geostationary Earth Orbit Satellite System in the Fixed Satellite Service

IBFS File Nos. SAT-LOA-20161115-00113 and SAT-AMD-20180801-00058

Call Sign S2980

MEMORANDUM OPINION, ORDER AND AUTHORIZATION

Adopted: August 15, 2018 Released: August 16, 2018

By the Commission:

I. INTRODUCTION

1. In this Memorandum Opinion, Order and Authorization, we authorize Karousel Satellite LLC (Karousel) to construct, deploy, ... Show Full Article

FCC Commissioner Rosenworcel Testifies Before Senate Commerce Committee
WASHINGTON, Aug. 16 -- The Federal Communications Commission issued the following testimony by Commissioner Jessica Rosenworcel before the Senate Commerce, Science and Transportation Committee:

"Good morning, Chairman Thune, Ranking Member Nelson, and Members of the Committee. Thank you for the opportunity to appear before you today.

"I believe the future belongs to the connected. No matter who you are or where you live in this country you need access to modern communications to have a fair shot at 21st century success. Clearing the way for this connected future should be at the heart of everything ... Show Full Article

Citigroup to Pay More Than $10 Million for Books and Records Violations and Inadequate Controls
WASHINGTON, Aug. 16 -- The Securities and Exchange Commission issued the following news release:

The Securities and Exchange Commission today announced that Citigroup has agreed to pay $10.5 million in penalties to settle two enforcement actions involving its books and records, internal accounting controls, and trader supervision. The charges stem from $81 million of losses due to trader mismarking and unauthorized proprietary trading and $475 million of losses due to fraudulently-induced loans made by a Mexican subsidiary.

In the first action, Citigroup Inc. and its U.S. broker-dealer subsidiary ... Show Full Article