Wednesday - August 4, 2021
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

Seamless Carbon and Alloy Steel Standard, Line, and Pressure Pipe From Korea, Russia, and Ukraine Injures U.S. Industry, Says USITC
WASHINGTON, Aug. 3 -- The U.S. International Trade Commission issued the following news release on Aug. 2, 2021:

The United States International Trade Commission (USITC) today determined that a U.S. industry is materially injured by reason of imports of seamless carbon and alloy steel standard, line, and pressure pipe from Korea, Russia, and Ukraine that the U.S. Department of Commerce (Commerce) has determined are sold in the United States at less than fair value and subsidized by the governments of Korea and Russia.

Chair Jason E. Kearns, Vice Chair Randolph J. Stayin, and Commissioners David ... Show Full Article

SEC Issues Order Involving Paul L. Chancey Jr.
WASHINGTON, Aug. 3 -- The Securities and Exchange Commission issued the following order (Admin. Proc. File No. 3-20394) involving Paul L. Chancey Jr.:

In the Matter of PAUL L. CHANCEY, JR., CPA

ORDER

On July 13, 2021, the Securities and Exchange Commission issued an order instituting an administrative proceeding ("OIP") against Paul L. Chancey, Jr., CPA ("Respondent"), pursuant to Sections 4C and 21C of the Securities Exchange Act of 1934 and Rule 102(e)(1)(ii) of the Commission's Rules of Practice./1

In compliance with the statutory provision governing cease-and-desist proceedings, the OIP ... Show Full Article

SEC Issues Order Involving Genoil and Samex Mining
WASHINGTON, Aug. 3 -- The Securities and Exchange Commission issued the following order (Admin. Proc. File No. 3-19661) involving Genoil and Samex Mining:

In the Matter of GENOIL, INC., and SAMEX MINING CORP.

SCHEDULING ORDER

On January 15, 2020, the Securities and Exchange Commission issued an order instituting proceedings ("OIP") against Genoil, Inc. ("Respondent") pursuant to Section 12(j) of the Securities Exchange Act of 1934./1

On August 2, 2021, the Division filed a motion for summary disposition that requested that the Commission revoke the registration of Genoil's securities. Rule ... Show Full Article

NRC Issues Event Notification for Columbia Generating Station in Washington
WASHINGTON, Aug. 3 -- The Nuclear Regulatory Commission issued the following event notification (No. 55385) involving Columbia Generating Station, Washington:

EN Revision Imported Date: 8/2/2021

EN Revision Text: INOPERABLE SECONDARY CONTAINMENT

"At 0922 PDT, on 07/28/21, the reactor building roof hatch was opened to support maintenance activities on the roof. Secondary containment differential pressure lowered and was recovered by the operating crew. Secondary containment differential pressure was maintained negative during the transient and was verified to have met technical specification ... Show Full Article

Litigation: SEC Vs. 3 Companies and 2 Individuals - SEC Charges Two Public Companies and Executives With Financial and Disclosure Fraud
WASHINGTON, Aug. 3 -- The Securities and Exchange Commission issued the following litigation release (No. 2:21-cv-01433; D. Nev. filed August 2, 2021):

The Securities and Exchange Commission charged a publicly-traded Las Vegas-based holding company, its CEO, its CFO, an LLC controlled by the CEO, and another Nevada-based public company with multiple financial, disclosure, and reporting violations related to inflated income and earnings per share, stock promotion and secret trading, and undisclosed executive compensation.

The SEC's complaint alleges that Las Vegas-based Live Ventures Incorporated ... Show Full Article

Federal Maritime Commission Issues Docket Involving MCS Industries Vs. COSCO Shipping Lines and MSC Mediterranean Shipping
WASHINGTON, Aug. 3 -- The Federal Maritime Commission issued the following docket (Docket No. 21-05):

MCS INDUSTRIES, INC., Complainant v. COSCO SHIPPING LINES CO., LTD. AND MSC MEDITERRANEAN SHIPPING COMPANY SA, Respondents.

NOTICE OF FILING OF COMPLAINT AND ASSIGNMENT

Notice is given that a complaint has been filed with the Federal Maritime Commission (Commission) by MCS Industries, Inc., hereinafter "Complainant", against COSCO Shipping Lines Co., Ltd ("COSCO") and MSC Mediterranean Shipping Company SA ("MSC"), hereinafter "Respondents". Complainant is a Pennsylvania corporation and a shipper ... Show Full Article

FTC Sends Checks to People Who Were Deceived Into Buying Worthless Online Marketing Services
WASHINGTON, Aug. 3 -- The Federal Trade Commission issued the following news release on Aug. 2, 2021:

The FTC is sending checks totaling more than $1.5 million to more than 3,000 consumers who were deceived into buying worthless Internet-based marketing products and services by two companies called Position Gurus, LLC, and Top Shelf Ecommerce, LLC.

According to the FTC's May 2020 complaint, the companies and their owners targeted consumers looking to start retail businesses on the Internet. The complaint alleged that the defendants falsely represented that their services would drive more customers ... Show Full Article