Wednesday - March 22, 2023
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 Order Involving IFP Advisors and Richard Keith Robertson
WASHINGTON, March 22 -- The Securities and Exchange Commission issued the following order (No. 3-20954; 3-20955) on March 21, 2023:

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In the Matter of Richard Keith Robertson, Respondent.

In the Matter of IFP Advisors, LLC, Respondent.


On May 4, 2022, the Commission issued an Omnibus Order Directing the Engagement of Two Tax Administrators for Appointment on a Case-By-Case Basis in Administrative Proceedings that Establish Distribution Funds (the "Omnibus Order")./1 The Omnibus Order engaged Miller Kaplan Arase LLP and Heffler, Radetich & Saitta, LLP ... Show Full Article

NLRB Issues General Counsel Memo on Status Update on Advice Submissions Pursuant to General Counsel Memo 21-04
WASHINGTON, March 22 -- The National Labor Relations Board issued the following General Counsel memo on March 20, 2023:

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TO: All Regional Directors, Officers-in-Charge, and Resident Officers

FROM: Jennifer A. Abruzzo, General Counsel

SUBJECT: Status Update on Advice Submissions Pursuant to GC Memo 21-04

On August 12, 2021, I issued GC Memo 21-04, Mandatory Submissions to Advice. Many of the issues identified for mandatory submission in that memorandum involved Board decisions that I believed were contrary to our Congressional mandate as they improperly compromised the statutory rights ... Show Full Article

NCUA Releases 2022 Annual Report
ALEXANDRIA, Virginia, March 22 -- The National Credit Union Administration issued the following news release on March 21, 2023:

The National Credit Union Administration today released its 2022 Annual Report, highlighting the agency's activities, policy initiatives, and accomplishments for the past year.

"In 2022, the NCUA focused its efforts on protecting and benefiting more than 135 million credit union members, who entrust their hard-earned savings to federally insured credit unions," Chairman Todd M. Harper said. "Looking ahead, the NCUA will remain focused on risks to the system involving ... Show Full Article

Litigation: SEC Obtains Final Judgment Against Ex-CFO Charged With Fraud and Lying to Auditors
WASHINGTON, March 22 -- The Securities and Exchange Commission issued the following litigation release (No. 17-cv-03230-SAG; D. Md. filed Nov. 2, 2017) involving Philip R. Jacoby, Jr., et al.:

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On March 17, 2023, the U.S. District Court for the District of Maryland entered a final consent judgment against Philip R. Jacoby, a former Chief Financial Officer of biotech company Osiris Therapeutics, Inc., for his role in Osiris's fraudulent conduct.

The SEC's complaint, filed November 2, 2017, charged Osiris with routinely overstating company performance and issuing fraudulent financial statements ... Show Full Article

FCC Wireline Competition Bureau Issues Public Notice: Wireline Competition Bureau Copper Retirement Network Change Notification Filed By AT&T Oklahoma
WASHINGTON, March 22 -- The Federal Communications Commission's Wireline Competition Bureau issued the following public notice (WC Docket No. 23-106) on March 21, 2023:

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Re: Copper Retirement Network Change Certification Received

Southwestern Bell Telephone Company d/b/a AT&T Oklahoma (AT&T), an incumbent local exchange carrier (LEC), has filed certification that public notice of network change(s) involving the retirement of copper has been provided through its publicly accessible Internet site, as required by section 51.329(a)(2) of the rules of the Federal Communications Commission (FCC ... Show Full Article

EEOC Scores Summary Judgment Win Against United Parcel Service in Disability Discrimination Case
WASHINGTON, March 22 -- The Equal Employment Opportunity Commission issued the following news release on March 20, 2023:

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Court Agrees With EEOC That UPS Failed to Accommodate and Terminated Employee With Diabetes, Violating Federal Law

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A federal judge has ruled as a matter of law that United Parcel Service, Inc. violated federal law by failing to accommodate and then firing an employee because of his disability, the U.S. Equal Employment Opportunity Commission (EEOC) announced today.

According to the EEOC's suit, an employee who suffers from diabetes asked a UPS human resources ... Show Full Article

CFTC Commissioner Johnson Issues Statement on Notice and Order Imposing Statutory Disqualification Against Allianz Global Investors U.S.
WASHINGTON, March 22 -- The Commodity Futures Trading Commission issued the following statement on March 21, 2023, by Commissioner Kristin N. Johnson on notice and order imposing a statutory disqualification against Allianz Global Investors U.S. LLC:

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The Commodity Futures Trading Commission (CFTC) today issued a Notice of Intent to Revoke the Registrations of Allianz Global Investors US LLC (AGI US) and simultaneously issued an Opinion and Order accepting AGI US's offer of settlement. In the settlement, the Commission revokes AGI US's registration as a commodity trading advisor and a commodity ... Show Full Article