Federal Regulatory Agencies
Here's a look at documents from federal regulatory agencies
Featured Stories
SEC: Court Enters Consent Final Judgment in Alleged Offering Fraud
WASHINGTON, July 12 -- The Securities and Exchange Commission issued the following litigation release (No. 5:23-cv-00372; N.D. W. Va. filed Dec. 21, 2023) involving Diana Mae Fernandez:
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On July 10, 2025, the United States District Court for the Northern District of West Virginia entered final judgment against Defendant Diana Mae Fernandez.
The SEC's complaint, filed on December 21, 2023, alleged that, between 2018 and at least 2020, Fernandez orchestrated a scheme in which she raised approximately $364,000 from at least 20 investors through the fraudulent offer and sale of securities by
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WASHINGTON, July 12 -- The Securities and Exchange Commission issued the following litigation release (No. 5:23-cv-00372; N.D. W. Va. filed Dec. 21, 2023) involving Diana Mae Fernandez:
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On July 10, 2025, the United States District Court for the Northern District of West Virginia entered final judgment against Defendant Diana Mae Fernandez.
The SEC's complaint, filed on December 21, 2023, alleged that, between 2018 and at least 2020, Fernandez orchestrated a scheme in which she raised approximately $364,000 from at least 20 investors through the fraudulent offer and sale of securities bytouting the false narrative that she was a successful businesswoman with access to no-risk, short-term investments. The complaint also alleged that, instead of investing investor funds as promised, Fernandez used investor money to pay for her day-to-day living expenses and lavish hotel stays, fund numerous cash withdrawals, and make Ponzi-like payments to earlier investors.
In a parallel criminal action brought by the United States Attorney's Office for the Northern District of West Virginia arising out of the same conduct, Fernandez pleaded guilty to one count of wire fraud in violation of Title 18, United States Code, Section 1343. On March 27, 2025, Fernandez was sentenced to: (1) incarceration of thirty-three months; (2) supervised release of three years; (3) restitution of $330,144; and (4) forfeiture of $330,144.
Fernandez entered into a settlement with the SEC, in which she consented to the entry of a judgment against her imposing: (1) injunctions preventing further violations of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder and Section 17(a) of the Securities Act of 1933; (2) an injunction preventing her from the offer or sale of a security; and (3) an order of disgorgement in the amount of $296,021, deemed satisfied by her criminal forfeiture amount.
The litigation was handled by Christopher R. Kelly and supervised by Gregory R. Bockin of the SEC's Philadelphia Regional Office. The SEC's investigation that led to this action was conducted by Michael F. McGraw and was supervised by Brendan P. McGlynn, also of the SEC's Philadelphia Regional Office.
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Resources:
* SEC Complaint (https://www.sec.gov/files/litigation/complaints/2023/comp25918.pdf)
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Original text here: https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26346
SEC Charges Ex-Texas Resident With Multimillion Dollar Fraud in Real Estate Investment Schemes
WASHINGTON, July 12 -- The Securities and Exchange Commission issued the following litigation release (No. 4:25-cv-00733; E.D. Tex. filed July 8, 2025) involving Joshua Thomas Jackson:
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On July 8, 2025, the U.S. Securities and Exchange Commission charged former Texas resident Joshua Thomas Jackson with defrauding investors through real estate investment schemes resulting in investor losses of approximately $2.4 million.
According to the SEC's complaint, filed in the United States District Court for the Eastern District of Texas, Jackson fraudulently sold approximately $2.65 million in promissory
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WASHINGTON, July 12 -- The Securities and Exchange Commission issued the following litigation release (No. 4:25-cv-00733; E.D. Tex. filed July 8, 2025) involving Joshua Thomas Jackson:
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On July 8, 2025, the U.S. Securities and Exchange Commission charged former Texas resident Joshua Thomas Jackson with defrauding investors through real estate investment schemes resulting in investor losses of approximately $2.4 million.
According to the SEC's complaint, filed in the United States District Court for the Eastern District of Texas, Jackson fraudulently sold approximately $2.65 million in promissorynotes to 13 investors from August 2019 through May 2021, and told them that their funds would be used either to purchase and renovate residential properties, specific to each investor, or to fund larger real estate development projects. As alleged, in addition to promising to return investors' principal, Jackson also promised to pay monthly interest on the promissory notes, pay investors a share of the profits of the respective projects, and secure investors' funds with a security interest in the real property acquired.
In fact, the complaint alleges, Jackson used only a small portion of investors' funds as represented. Instead, he used a large portion of investors' funds to renovate properties in which investors had no interest, for his personal benefit and other businesses, and to repay other investors.
The SEC's complaint charges Jackson with violating the antifraud provisions of Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. The complaint seeks injunctions against future violations of the foregoing provisions, a conduct-based injunction, disgorgement and prejudgment interest and civil money penalties against Jackson.
The SEC's investigation was conducted by Rachel Bishop and supervised by Peter Diskin and Justin Jeffries of the SEC's Atlanta Regional Office. The litigation will be conducted by Robert Schroeder and Graham Loomis.
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Resources
* SEC Complaint (https://www.sec.gov/files/litigation/complaints/2025/comp26345.pdf)
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Original text here: https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26345
SEC Charges Ex-Animal Health Company Senior Director, Tippee With Insider Trading
WASHINGTON, July 12 -- The Securities and Exchange Commission issued the following litigation release (No. 7:25-cv-05697; S.D.N.Y., filed July 10, 2025):
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Securities and Exchange Commission v. Trijya Vakil and Neeraj Visen, No. 7:25-cv-05697 (S.D.N.Y., filed July 10, 2025)
On July 10, 2025, the Securities and Exchange Commission filed insider trading charges against two individuals, Trijya Vakil and Neeraj Visen, for allegedly trading in stock of Kindred Biosciences, Inc. based on material nonpublic information about the impending acquisition of Kindred by Vakil's employer.
According to
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WASHINGTON, July 12 -- The Securities and Exchange Commission issued the following litigation release (No. 7:25-cv-05697; S.D.N.Y., filed July 10, 2025):
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Securities and Exchange Commission v. Trijya Vakil and Neeraj Visen, No. 7:25-cv-05697 (S.D.N.Y., filed July 10, 2025)
On July 10, 2025, the Securities and Exchange Commission filed insider trading charges against two individuals, Trijya Vakil and Neeraj Visen, for allegedly trading in stock of Kindred Biosciences, Inc. based on material nonpublic information about the impending acquisition of Kindred by Vakil's employer.
According tothe SEC's complaint, Vakil, then Senior Director, Product Innovation at Elanco Animal Health, Inc., learned about the upcoming Kindred acquisition in April 2021, when she was assigned to Elanco's due diligence team for the transaction. The SEC alleges that Vakil purchased 500 shares of Kindred stock on the basis of that material nonpublic information regarding the acquisition, and when Kindred's stock price rose by approximately 46% following the acquisition announcement, Vakil obtained ill-gotten gains of $2,447.50. The SEC further alleges that Vakil tipped her friend, Neeraj Visen, about the upcoming Kindred acquisition, including telling him on June 15, 2021 that the acquisition would be announced within a day or two. According to the SEC's complaint, Visen then purchased 38,000 shares of Kindred stock, and when the stock price rose after the announcement, Visen obtained ill-gotten gains of $109,437.
The SEC's complaint, filed in the U.S. District Court for the Southern District of New York, charges Vakil and Visen with violating the antifraud provisions of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. The complaint seeks final judgments against both Vakil and Visen enjoining them from committing future violations of the charged antifraud provisions, prohibiting them from acting as an officer or director of any issuer that has a class of securities registered pursuant to Section 12 of the Exchange Act or that is required to file reports pursuant to Section 15(d) of the Exchange Act, and ordering them to pay disgorgement, prejudgment interest, and civil penalties. Visen and Vakil have each consented to the entry of judgments against them and to be enjoined from further misconduct, with monetary relief, if any, to be determined later by the Court. The settlements are subject to Court approval.
Vakil and Visen each pleaded guilty to criminal charges in parallel actions brought by the U.S. Attorney's Office for the Southern District of New York.
The SEC's investigation was conducted by Derek M. Schoenmann, Jawad B. Muaddi, and Assunta Vivolo of the SEC's Enforcement Division's Market Abuse Unit, Jordan Baker of the New York Regional Office, and supervised by Market Abuse Unit Chief Joseph G. Sansone. The SEC's litigation is being led by Mr. Schoenmann and Mr. Muaddi and supervised by Alexander M. Vasilescu. The SEC appreciates the assistance of the U.S. Attorney's Office for the Southern District of New York and the Financial Industry Regulatory Authority.
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Resources
* SEC Complaint (https://www.sec.gov/files/litigation/complaints/2025/comp26348.pdf)
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Original text here: https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26348
FEC Issues Digest for Week of July 7-11, 2025
WASHINGTON, July 12 -- The Federal Election Commission issued the following weekly digest:
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Commission meetings and hearings
No open meetings or executive sessions were scheduled this week.
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Litigation
McDonald v. FEC (Case No. 25-153) On July 9, the U.S. District Court for the Northern District of Texas issued a Memorandum Opinion and Order and Final Judgment granting the Commission's Motion to Dismiss for lack of jurisdiction and dismissing the case without prejudice.
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Outreach
On July 8, Chair Shana M. Broussard discussed campaign finance disclosure rules and the role
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WASHINGTON, July 12 -- The Federal Election Commission issued the following weekly digest:
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Commission meetings and hearings
No open meetings or executive sessions were scheduled this week.
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Litigation
McDonald v. FEC (Case No. 25-153) On July 9, the U.S. District Court for the Northern District of Texas issued a Memorandum Opinion and Order and Final Judgment granting the Commission's Motion to Dismiss for lack of jurisdiction and dismissing the case without prejudice.
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Outreach
On July 8, Chair Shana M. Broussard discussed campaign finance disclosure rules and the roleof the Commission with a delegation from Switzerland visiting the United States as part of the State Department's International Visitor Leadership Program (IVLP).
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Public Disclosure
This week, the Office of the Inspector General made public a Performance Audit Report of the FEC's Security Patches And Vulnerabilities Management Programs for the Fiscal Year Ending September 30, 2024.
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Press releases
District Court for the Northern District of Texas issues memorandum opinion, order in McDonald v. FEC (Case No. 25-153) (issued July 9)
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Upcoming Commission meetings and hearings
July 15, 2025: The Commission is scheduled to meet in executive session.
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Upcoming educational opportunities
July 16, 2025: The Commission is scheduled to host a FECFile webinar for PACs and party committees.
For more information on upcoming training opportunities, see the Commission's Trainings page.
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Upcoming reporting due dates
July 15: July Quarterly Reports are due. For more information, see the 2025 Quarterly Reporting schedule.
July 20: July Monthly Reports are due. For more information, see the 2025 Monthly Reporting schedule.
July 31: Mid-Year Reports are due. For more information, see the 2025 Semi-Annual Reporting schedule.
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Additional research materials
Contribution Limits: In addition to the current limits, the Commission has posted an archive of contribution limits that were in effect going back to the 1975-1976 election cycles.
Federal election results are available. The data was compiled from the official vote totals published by state election offices.
FEC Notify: Want to be notified by email when campaign finance reports are received by the agency? Sign up here.
The Combined Federal State Disclosure and Election Directory is available. This publication identifies the federal and state agencies responsible for the disclosure of campaign finances, lobbying, personal finances, public financing, candidates on the ballot, election results, spending on state initiatives, and other financial filings.
The Presidential Election Campaign Fund Tax Checkoff Chart provides information on balance of the Fund, monthly deposits into the Fund reported by the Department of the Treasury, payments from the Fund as certified by the FEC, and participation rates of taxpayers as reported by the Internal Revenue Service. For more information on the Presidential Public Funding Program, see the Public Funding of Presidential Elections page.
The FEC Record is available as a continuously updated online news source.
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Original text here: https://www.fec.gov/updates/week-of-july-7-11-2025/
FCC Media Bureau Seeks Input on Homeowner Association Antenna Rules
WASHINGTON, July 12 -- The Federal Communications Commission's Media Bureau is requesting public comment on a petition that challenges antenna restrictions imposed by the Orangetree of Lake County Homeowners Association in Winter Garden, Florida. The petition (CSR 9022-O) asks the Commission to determine if the association's rules, which prohibit rooftop over-the-air antennas on single-family homes, are preempted by the Commission's Over-The-Air Reception Devices (OTARD) Rule. This rule generally disallows governmental and non-governmental restrictions that hinder the installation, maintenance,
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WASHINGTON, July 12 -- The Federal Communications Commission's Media Bureau is requesting public comment on a petition that challenges antenna restrictions imposed by the Orangetree of Lake County Homeowners Association in Winter Garden, Florida. The petition (CSR 9022-O) asks the Commission to determine if the association's rules, which prohibit rooftop over-the-air antennas on single-family homes, are preempted by the Commission's Over-The-Air Reception Devices (OTARD) Rule. This rule generally disallows governmental and non-governmental restrictions that hinder the installation, maintenance,or use of over-the-air-reception devices.
The proceeding concerning this Notice will follow "permit-but-disclose" ex parte rules. Those making presentations must file a copy of any written presentation or a summary of any oral presentation within two business days. Oral presentations require memoranda listing participants and summarizing data and arguments.
Interested parties may submit responses and reply comments. Responses are due by August 11, 2025, and replies by August 26, 2025. Comments can be filed electronically via ECFS at https://www.fcc.gov/ecfs. Paper filings require an original and one copy, addressed to the Secretary, Federal Communications Commission. Hand or messenger deliveries are accepted at 9050 Junction Drive, Annapolis Junction, MD 20701, between 8:00 a.m. and 4:00 p.m. Commercial courier deliveries should also go to 9050 Junction Drive, Annapolis Junction, MD 20701. U.S. Postal Service mail should be sent to 45 L Street NE, Washington, DC 20554.
For assistance for people with disabilities, email fcc504@fcc.gov or call the Consumer & Governmental Affairs Bureau at 202-418-0530 (voice). Documents related to this proceeding can be inspected at the FCC Reference Center, Federal Communications Commission, 45 L Street, NE, Washington, DC 20554, or accessed via ECFS.
For additional information, contact Kenneth Lewis, Policy Division, Media Bureau at Kenneth.Lewis@fcc.gov or 202-418-2622.
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Original text here: https://docs.fcc.gov/public/attachments/DA-25-579A1.pdf
FCC Continues Deregulatory Efforts to Remove Unnecessary Rules
WASHINGTON, July 12 -- The Federal Communications Commission issued the following news release:
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FCC Continues Deregulatory Efforts to Remove Unnecessary Rules
Commission's Regulatory Review Leads to Deletion of Rules Made Obsolete by Court Decisions
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July 11, 2025--The Federal Communications Commission today announced its latest effort to remove outdated and unnecessary rules and regulations as part of its "Delete, Delete, Delete" initiative. Specifically, today's action will remove from its regulations approximately 2,991 words and 41 rules or requirements concerning utility-style
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WASHINGTON, July 12 -- The Federal Communications Commission issued the following news release:
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FCC Continues Deregulatory Efforts to Remove Unnecessary Rules
Commission's Regulatory Review Leads to Deletion of Rules Made Obsolete by Court Decisions
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July 11, 2025--The Federal Communications Commission today announced its latest effort to remove outdated and unnecessary rules and regulations as part of its "Delete, Delete, Delete" initiative. Specifically, today's action will remove from its regulations approximately 2,991 words and 41 rules or requirements concerning utility-styleburdens on the Internet adopted under the Biden Administration and network interconnection.
Chairman Carr issued the following statement:
"We're continuing to clean house at the FCC, working to identify and eliminate rules that no longer serve a purpose, have been on our books for decades, and have no place in the current Code of Federal Regulations. Today's action is just the latest step the FCC is taking to follow the Trump Administration's effort to usher in prosperity through deregulation. And it's just one of many, with more on the horizon, so stay tuned."
Additional Background:
In March 2025, the FCC opened its "Delete, Delete, Delete" docket in which the agency is seeking comment on every rule, regulation, or guidance document the FCC should eliminate to reduce unnecessary regulatory burdens. The Commission has also been conducting a thorough review of its regulations to identify unnecessary rules, including those made obsolete by Court decisions. Today's action makes the following deletions:
* Removing irrelevant and burdensome restrictions on broadband providers that were adopted under the Biden Administration in its "Restore Net Neutrality" proceeding, but never went into effect and were struck down by the Sixth Circuit in early 2025.
* Removing defunct and prescriptive interconnection rules that were vacated by the Eighth Circuit 25 years ago but never removed from the Code of Federal Regulations.
These deletions will clean up the Commission's regulations and reduce confusion for communications service providers.
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Original text here: https://www.fcc.gov/document/fcc-continues-deregulatory-efforts-remove-unnecessary-rules
FCC Completes Review of Wireless, Satellite, and Fiber Transactions
WASHINGTON, July 12 -- The Federal Communications Commission issued the following news release:
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FCC Completes Review of Wireless, Satellite, and Fiber Transactions
The Three Combinations Approved This Week Will Strengthen Investment, Lower Costs, and Improve Service Quality
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July 11, 2025--Today, FCC Chairman Brendan Carr announced that the agency approved three separate transactions this week that involve wireless, satellite, and fiber-based services.
FCC Chairman Carr issued the following statement:
"As part of the FCC's Build America Agenda, the agency is working to unleash new
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WASHINGTON, July 12 -- The Federal Communications Commission issued the following news release:
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FCC Completes Review of Wireless, Satellite, and Fiber Transactions
The Three Combinations Approved This Week Will Strengthen Investment, Lower Costs, and Improve Service Quality
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July 11, 2025--Today, FCC Chairman Brendan Carr announced that the agency approved three separate transactions this week that involve wireless, satellite, and fiber-based services.
FCC Chairman Carr issued the following statement:
"As part of the FCC's Build America Agenda, the agency is working to unleash newbuilds, encourage greater investment, and expand network capacity. The FCC's decisions this week further all of these goals while cutting across multiple different sectors of the communications market. In looking at these transactions, the FCC has been guided by the Communications Act, agency precedent, and a forward-looking understanding of the market for connectivity. As consumers continue to choose from a range of technologies to meet their connectivity needs, the FCC will ensure that its decisions promote the public interest."
Additional Background:
On September 13, 2024, T-Mobile and UScellular filed applications seeking Commission approval for the assignment of spectrum licenses, customers, authorizations, and spectrum leases from UScellular to T-Mobile. Under the transaction, T-Mobile would acquire UScellular's wireless operations, customers, and approximately 30% of its licensed spectrum. Today's FCC approval of this transaction is expected to result in substantial network benefits for customers of both T-Mobile and UScellular, including additional capacity and coverage benefits, as well as improved fixed wireless access service with higher speeds and capacity.
On May 20, 2024, Intelsat and SES filed applications to transfer control of the FCC licenses held by Intelsat to SES. Both Intelsat and SES are providers of satellite communications. Today's approval of the SES Intelsat transaction builds on the Commission's efforts to promote the provision of robust and competitive satellite services to the public. It has the potential to lower costs, improve quality, and increase investment. It also will create a more vigorous multi-orbit competitor in the satellite communications marketplace.
On September 20, 2024, the FCC issued a Public Notice seeking comment on an application to transfer control of five subsidiaries of Metronet to T-Mobile USA, Inc. Through the FCC's approval this week of this transaction, the combined entity will be able to expand fiber-based services. The FCC also recognized the benefit of T-Mobile's commitments to America's tower crews and telecom workers, and the company's commitment to equal opportunity employment and nondiscrimination practices consistent with federal law.
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Original text here: https://www.fcc.gov/document/fcc-completes-review-wireless-satellite-and-fiber-transactions
