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, FinCEN Propose Customer Identification Program Requirements for Registered Investment Advisers and Exempt Reporting Advisers
WASHINGTON, May 14 -- The Securities and Exchange Commission issued the following news release on May 13, 2024:
Today the Securities and Exchange Commission and the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) jointly proposed a new rule that would require SEC-registered investment advisers (RIAs) and exempt reporting advisers (ERAs) to establish, document, and maintain written customer identification programs (CIPs). The proposal is designed to prevent illicit finance activity involving the customers of investment advisers by strengthening the anti-money laundering
... Show Full Article
WASHINGTON, May 14 -- The Securities and Exchange Commission issued the following news release on May 13, 2024:
Today the Securities and Exchange Commission and the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) jointly proposed a new rule that would require SEC-registered investment advisers (RIAs) and exempt reporting advisers (ERAs) to establish, document, and maintain written customer identification programs (CIPs). The proposal is designed to prevent illicit finance activity involving the customers of investment advisers by strengthening the anti-money launderingand countering the financing of terrorism (AML/CFT) framework for the investment adviser sector.
Under this proposal, RIAs and ERAs would be required to implement reasonable procedures to identify and verify the identity of their customers, among other requirements, in order to form a reasonable belief that RIAs and ERAs know the true identity of their customers. The proposed rule would make it more difficult for criminal, corrupt, or illicit actors to establish customer relationships -- including by using false identities -- with investment advisers for the purposes of laundering money, financing terrorism, or engaging in other illicit finance activity.
This proposed rulemaking complements a separate FinCEN proposal in February 2024 to designate RIAs and ERAs as "financial institutions" under the Bank Secrecy Act (BSA) and subject them to AML/CFT program requirements and suspicious activity report (SAR) filing obligations, among other requirements. That proposal cites a Treasury risk assessment that identified that the investment adviser industry has served as an entry point into the U.S. market for illicit proceeds associated with foreign corruption, fraud, tax evasion, and other criminal activities. Together, these proposals aim to prevent illicit finance activity in the investment adviser sector and further safeguard the U.S. financial system.
"The proposed rule is designed to make it more difficult to use false identities to establish customer relationships with investment advisers," said SEC Chair Gary Gensler. "I support this proposal because it could reduce the risk of terrorists and other criminals accessing U.S. financial markets to launder money, finance terrorism, or move funds for other illicit purposes."
"Criminal, corrupt, and illicit actors have exploited the investment adviser sector to access the U.S. financial system and launder funds," said FinCEN Director Andrea Gacki. "This proposal would help investment advisers better identify and prevent illicit actors from misusing their services, while advancing a harmonized set of CIP obligations."
The rule, if adopted, would require RIAs and ERAs to, among other things, implement a CIP that includes procedures for verifying the identity of each customer to the extent reasonable and practicable and maintaining records of the information used to verify a customer's identity, among other requirements. The proposal is generally consistent with the CIP requirements for other financial institutions, such as brokers or dealers in securities and mutual funds.
The proposal is published on SEC.gov and will be published in the Federal Register. The public comment period will remain open for 60 days after publication of the proposing release in the Federal Register. A fact sheet (https://www.sec.gov/files/bsa-1-fact-sheet.pdf) on the Notice of Proposed Rulemaking is available.
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Original text here: https://www.sec.gov/news/press-release/2024-54
SEC Commissioner Uyeda Issues Statement on Customer Identification Programs for Registered Investment Advisers
WASHINGTON, May 14 -- The Securities and Exchange Commission issued the following remarks on May 13, 2024, by Commissioner Mark T. Uyeda on customer identification programs for registered investment advisers and exempt reporting advisers:
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Today, the Commission and the Department of the Treasury issued a joint proposal to implement provisions of the Bank Secrecy Act ("BSA") for certain investment advisers.[1] Specifically, Section 326 of the USA PATRIOT Act of 2001, which amended the BSA, requires the Secretary of the Treasury (the "Secretary") to issue regulations that require financial
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WASHINGTON, May 14 -- The Securities and Exchange Commission issued the following remarks on May 13, 2024, by Commissioner Mark T. Uyeda on customer identification programs for registered investment advisers and exempt reporting advisers:
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Today, the Commission and the Department of the Treasury issued a joint proposal to implement provisions of the Bank Secrecy Act ("BSA") for certain investment advisers.[1] Specifically, Section 326 of the USA PATRIOT Act of 2001, which amended the BSA, requires the Secretary of the Treasury (the "Secretary") to issue regulations that require financialinstitutions to implement specified procedures for identifying customers that seek to open an account.[2] These procedures are referred to as Customer Identification Programs ("CIPs").
The Secretary can impose CIP requirements only on a "financial institution," which is a defined term in the BSA.[3] Twenty-four types of entities are specifically listed in the definition of "financial institution," but not investment advisers.[4] However, the BSA gives the Secretary discretion to add other types of entities to that statutory definition.[5]
Thus, on February 15, 2024, the Secretary, acting through the Financial Crimes Enforcement Network ("FinCEN"), proposed to include certain investment advisers as "financial institutions" under the BSA.[6] The proposal would apply to investment advisers that: (1) are registered or required to register with the Commission under the Investment Advisers Act of 1940 ("Advisers Act");[7] or (2) report to the Commission as exempt reporting advisers ("ERAs") under that Act.[8]
An important question is the scope of the FinCEN Proposed Rule, which requests comment on whether "specific services provided by investment advisers, such as advisory services that do not involve management of client assets or subadvisory services, should be included or excluded from coverage of this proposed rule."[9] Presumably, this is because there are legitimate questions as to the relevance of such services to money laundering, terrorist financing, and other illicit financial activity.
However, the overly broad definitions within this proposal would appear to sweep in such services. The proposal defines "account" as "any contractual or other business relationship between a person and an investment adviser under which the investment adviser provides investment advisory services."[10] "Customer" is defined as "[a] person that opens a new account," subject to certain limited exceptions such as regulated financial institutions and persons that have an existing account with the investment adviser.[11] While "investment advisory services" is not defined, the broad definition of "investment adviser" in the Advisers Act includes any person that, "either directly or through publications or writings," is in the business of advising others "as to the value of securities" or who "issues or promulgates analyses or reports concerning securities."[12]
Registered investment advisers or ERAs may provide a wide range of investment advisory services, including services that do not generally present any opportunity for money laundering or terrorist financing activities. For example, while the proposal would deem the CIP requirements satisfied for an adviser that advises a mutual fund, such adviser may also provide investment advice to collective investment trusts, or create model portfolios for wrap fee programs - all of which involve "investment advisory services" to "accounts" of "customers" under the proposal. Other types of investment advisory services may not at all involve or relate to the transfer of funds or securities. It is difficult to envision a money laundering concern that should be addressed with these activities, and it is unreasonable to require advisers to implement a CIP and verify customer identities in these circumstances.
Because of the interrelatedness of this proposal and the FinCEN Proposed Rule, the proposing release states that "[w]e anticipate that any change to the scope of the [FinCEN Proposed Rule], as finalized, would also be reflected in this rule, to ensure that the scope of both rules remain consistent."[13] This explicit interrelatedness is the precise reason that the scoping question should be addressed through a two-step process. First, determine the scope of investment advisory services that should be covered under the BSA, which is the subject of the FinCEN Proposed Rule. Second, determine how a CIP should be applied with respect to that set of investment advisers, which is the subject of this proposed rule.
Otherwise, it becomes difficult to provide a thoughtful economic analysis for this rulemaking.[14] It also dilutes the quality of public comments submitted in response to the proposal. Commenters seeking to analyze this proposal have no way of knowing the baseline against which the requirements of the proposal should be assessed. That baseline will be set by FinCEN on a standalone basis in connection with a separate rulemaking initiative. Depending on that outcome, time and money may be spent unnecessarily articulating why certain investment advisory services should be excluded, thereby diluting attention from more relevant and practical concerns about the proposal.
By waiting for FinCEN to finalize its proposal prior to proposing these implementing regulations, the scope of this proposal would have been known, and the Commission and the public would have been better able to analyze its costs and benefits.
For smaller investment advisers, the additional burdens will add to a mountain of new regulations that have been imposed in recent years. While the goals of preventing money laundering and terror financing are laudable, there are legitimate questions as to whether imposing additional burdens on investment advisers will meaningfully contribute to those efforts.
For these reasons, I am unable to support this proposal. I thank the staff in the Divisions of Investment Management and Economic and Risk Analysis, and the Office of the General Counsel, as well as the staff at the Department of the Treasury for their efforts.
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Footnotes:
[1] Customer Identification Programs for Registered Investment Advisers and Exempt Reporting Advisers, Release No. bsa-1 (May 13, 2024) ("Proposing Release"), available at https://www.sec.gov/rules/2024/05/cip.
[2] 31 U.S.C. 5318(l).
[3] See 31 U.S.C. Sec. 5312(a)(2).
[4] Id.
[5] See 31 U.S.C. Sec. 5312(a)(2)(Y).
[6] See FinCEN, Anti-Money Laundering/Countering the Financing of Terrorism Program and Suspicious Activity Report Filing Requirements for Registered Investment Advisers and Exempt Reporting Advisers, Notice of Proposed Rulemaking, 89 FR 12108 (Feb. 15, 2024) ("FinCEN Proposed Rule"), available at https://www.govinfo.gov/content/pkg/FR-2024-02-15/pdf/2024-02854.pdf.
[7] 15 U.S.C. 80b-1 et seq.
[8] FinCEN Proposed Rule, supra note 6.
[9] Id. at 12124.
[10] Proposing Release, supra note 1, at 83.
[11] Id. at 83 - 84.
[12] 15 U.S.C. 80b-2(a)(11). This definition also includes any person engaged in the business of advising others as to the advisability of investing in, purchasing, or selling securities.
[13] Proposing Release, supra note 1, at 12.
[14] See, e.g., Bus. Roundtable v. SEC, 647 F.3d 1144 (D.C. Cir. 2011), available at https://casetext.com/case/business-rountble-v-sectis-ex-comm-10-1305-dc-cir-7-22-2011. See also Memorandum from the Div. of Risk, Strategy, and Fin. Innovation (RFSI) and the Office of Gen. Counsel, Current Guidance on Economic Analysis in SEC Rulemakings (Mar. 16, 2012) ("Rulewriting staff should work with [the agency's] economists to identify relevant potential benefits and costs of [a] proposed rule..."), available at http://www.sec.gov/divisions/riskfin/rsfi_guidance_econ_analy_secrulemaking.pdf.
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Original text here: https://www.sec.gov/news/statement/uyeda-statement-cip-registered-investment-advisers-exmpt-reporting-advisers-051324
SEC Chair Gensler Issues Statement on Customer Identification Program
WASHINGTON, May 14 -- The Securities and Exchange Commission issued the following statement on May 13, 2024, by Chair Gary Gensler on Customer Identification Program:
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Today, the Commission is considering a joint rule proposal with the U.S. Department of Treasury to help guard against illicit financial activity. The proposed rule is designed to align investment adviser Customer Identification Program obligations with those of other financial entities. I support this rule because it could reduce the risk of terrorists and other criminals accessing U.S. financial markets to launder money,
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WASHINGTON, May 14 -- The Securities and Exchange Commission issued the following statement on May 13, 2024, by Chair Gary Gensler on Customer Identification Program:
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Today, the Commission is considering a joint rule proposal with the U.S. Department of Treasury to help guard against illicit financial activity. The proposed rule is designed to align investment adviser Customer Identification Program obligations with those of other financial entities. I support this rule because it could reduce the risk of terrorists and other criminals accessing U.S. financial markets to launder money,finance terrorism, or move funds for other illicit purposes.
Congress enacted the Bank Secrecy Act in 1970 to fight against money laundering, the financing of terrorism, and other illicit financial activity. Such activities enable criminals, distort markets, and can have negative consequences for the public. The Bank Secrecy Act also helps protect U.S. national security.[1]
In the Bank Secrecy Act, Congress set forth recordkeeping and reporting obligations for entities they deemed "financial institutions." Further, they authorized the Secretary of the Treasury to designate other entities as "financial institutions" from time to time. To address illicit finance risks in the investment adviser industry, the Treasury Department recently proposed to designate certain investment advisers as "financial institutions" under the Bank Secrecy Act.[2] That rule proposal would subject certain investment advisers to anti-money laundering and countering of the financing of terrorism requirements, including obligations to file Suspicious Activity Reports.
In 2001, Congress amended the Bank Secrecy Act through Section 326 of the USA PATRIOT Act.[3] These 2001 amendments required that financial institutions had to implement Customer Identification Programs. Subject to the Department of Treasury completing their related rule, today's proposal would help extend this mandate to certain investment advisers, thus filling a gap in the current U.S. regime to guard against illicit financial activity. Currently, investment advisers have not generally been required to implement comprehensive obligations under the Bank Secrecy Act.
The proposed rule is designed to make it more difficult to use false identities to establish customer relationships with investment advisers.
Today's proposed rule would require registered investment advisers and exempt reporting advisers to:
* Implement procedures to verify the identity of any person seeking to open an account to the extent reasonable and practicable;
* Maintain records of the information and methods used to verify the person's identity. Such records would enhance investment advisers' internal compliance efforts and help them to detect and take measures to prevent potential illegal activity; and
* Determine whether the person appears on any federal government-provided lists of known or suspected terrorists or terrorist organizations.
The proposed rule would align investment adviser CIP obligations with those of other entities. Such harmonization would help reduce the risk of terrorists and other criminals accessing U.S. financial markets by using investment advisers to launder money, finance terrorism, or move funds for other illicit purposes.
I'd like to thank Treasury Secretary Janet Yellen, Under Secretary for Terrorism and Financial Intelligence Brian Nelson, and the staff of the Financial Crimes Enforcement Network for working with the SEC on this joint rule.
I'd also like to thank members of the SEC staff for their work on this rule proposal, including:
* Natasha Vij Greiner, Sarah ten Siethoff, Melissa Harke, Tom Strumpf, Adele Murray, Daniel Levine, Thoreau Bartmann, and Matthew Cook in the Division of Investment Management;
* Jessica Wachter, Alex Schiller, Justin Vitanza, Timothy Dodd, Daniel Chapman, Wei Liu, and Ross Askanazi in the Division of Economic Research and Analysis;
* Meridith Mitchell, Elise Bruntel, Natalie Shioji, Monica Lilly, and Amy Scully in the Office of the General Counsel;
* Brad Bartels in the Division of Examinations;
* Andrae Eccles and Susan Schneider in the Division of Enforcement; and
* Paul Gumagay, Kathleen Hutchinson, and Morgan Macdonald in the Office of International Affairs.
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Footnotes:
[1] See The Bank Secrecy Act available at https://www.fincen.gov/resources/statutes-and-regulations/bank-secrecy-act.
[2] See FinCEN, "FinCEN Proposes Rule to Combat Illicit Finance and National Security Threats in Investment Adviser Sector" (Feb. 13, 2024), available at https://www.fincen.gov/news/news-releases/fincen-proposes-rule-combat-illicit-finance-and-national-security-threats.
[3] See USA Patriot Act, available at https://www.fincen.gov/resources/statutes-regulations/usa-patriot-act.
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Original text here: https://www.sec.gov/news/statement/gensler-statement-customer-id-program-05-13-24
NRC Issues Event Notification for Rush-Presb.-St. Luke's Medical Center, Chicago, Ill.
WASHINGTON, May 14 -- The Nuclear Regulatory Commission issued the following event notification (No. 57101) involving Rush-Presb.-St. Luke's Medical Center, Chicago, Illinois:
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Rep Org: Illinois Emergency Mgmt. Agency
Licensee: Rush-Presb.-St. Luke's Med Center
Region: 3
City: Chicago
State: IL
License #: IL-01766-01
Agreement: Y
NRC Notified By: Gary Forsee
HQ OPS Officer: Bill Gott
Notification Date: 05/03/2024
Notification Time: 10:27 [ET]
Event Date: 05/01/2024
Event Time: 00:00 [CDT]
Last Update Date: 05/03/2024
Emergency Class: Non Emergency
10 CFR Section:
Agreement
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WASHINGTON, May 14 -- The Nuclear Regulatory Commission issued the following event notification (No. 57101) involving Rush-Presb.-St. Luke's Medical Center, Chicago, Illinois:
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Rep Org: Illinois Emergency Mgmt. Agency
Licensee: Rush-Presb.-St. Luke's Med Center
Region: 3
City: Chicago
State: IL
License #: IL-01766-01
Agreement: Y
NRC Notified By: Gary Forsee
HQ OPS Officer: Bill Gott
Notification Date: 05/03/2024
Notification Time: 10:27 [ET]
Event Date: 05/01/2024
Event Time: 00:00 [CDT]
Last Update Date: 05/03/2024
Emergency Class: Non Emergency
10 CFR Section:
AgreementState
Person (Organization): Betancourt-Roldan, Diana (R3DO)
NMSS_EVENTS_NOTIFICATION (EMAIL)
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AGREEMENT STATE REPORT - MEDICAL EVENT
The following was provided by the Illinois Emergency Management Agency (the Agency) via email:
"The Agency was contacted on 5/2/24 to advise that a patient who was administered Y-90 TheraSpheres on 5/1/24 received an underdose of approximately 23.6 percent. Both the patient and the referring physician were notified. There is no anticipated adverse impact to the patient and retreatment will not be necessary. The root cause has yet to be identified, and Agency inspectors will perform a reactive inspection the week of 5/6/24. This report will be updated as additional information becomes available."
IL Event Number: IL240011
A Medical Event may indicate potential problems in a medical facility's use of radioactive materials. It does not necessarily result in harm to the patient.
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Original text here: https://www.nrc.gov/reading-rm/doc-collections/event-status/event/2024/20240513en.html#en57101
NRC Issues Event Notification for Fitzpatrick Nuclear Plant, Rocky Mountain, N.C.
WASHINGTON, May 14 -- The Nuclear Regulatory Commission issued the following event notification (No. 57117) involving Fitzpatrick Nuclear Plant, Rocky Mountain, North Carolina:
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Rep Org: Engine Systems, Inc.
Licensee: Fitzpatrick
Region: 1
City: Rocky Mount
State: NC
Agreement: Y
NRC Notified By: Dan Roberts
HQ OPS Officer: Thomas Herrity
Notification Date: 05/09/2024
Notification Time: 14:42 [ET]
Event Date: 02/22/2024
Event Time: 00:00 [EDT]
Last Update Date: 05/09/2024
Emergency Class: Non Emergency
10 CFR Section:
21.21(d)(3)(i) - Defects And Noncompliance
Person (Organization):
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WASHINGTON, May 14 -- The Nuclear Regulatory Commission issued the following event notification (No. 57117) involving Fitzpatrick Nuclear Plant, Rocky Mountain, North Carolina:
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Rep Org: Engine Systems, Inc.
Licensee: Fitzpatrick
Region: 1
City: Rocky Mount
State: NC
Agreement: Y
NRC Notified By: Dan Roberts
HQ OPS Officer: Thomas Herrity
Notification Date: 05/09/2024
Notification Time: 14:42 [ET]
Event Date: 02/22/2024
Event Time: 00:00 [EDT]
Last Update Date: 05/09/2024
Emergency Class: Non Emergency
10 CFR Section:
21.21(d)(3)(i) - Defects And Noncompliance
Person (Organization):Young, Matt (R1DO)
Part 21/50.55 Reactors, - (EMAIL)
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PART 21 - EMERGENCY DIESEL GENERATOR CYLINDER LINER LEAK
The following is a synopsis of information provided by Engine Systems, Inc. (ESI) via fax and email:
On February 22, 2024, an EMD brand cylinder liner developed a jacket water leak following installation on an emergency diesel generator set. The leak occurred at a brazed joint and was detected after post-installation engine testing. Had the leak gone undetected, jacket water may have accumulated in the combustion chamber or airbox and potentially contaminated the engine's lubricating oil. Jacket water intrusion into any of these areas is undesirable and could lead to failure of the diesel engine and therefore failure of the emergency diesel generator set.
The extent of condition is a single cylinder liner, P/N 9318833, S/N 20D6294 used in the power assembly shown below.
Customer: Constellation - Fitzpatrick
Customer PO: 703, release 13498
ESI Sales Order: 3021545
Part Number Ordered: 40124898 (Blade Power Pack)
Serial Number: 20L0603
ESI C-of-C Date: April 1, 2021
The corrective action:
For Fitzpatrick: No action required; the power assembly has been returned to ESI for replacement.
For ESI: ESI will revise the dedication package to include additional verifications to prevent reoccurrence. The revision will be implemented within 30 days.
Name and contact information:
Dan Roberts, Quality Manager
Engine Systems Inc.
175 Freight Rd.
Rocky Mount, NC 27804
John Kriesel, Engineering Manager
Engine Systems Inc.
175 Freight Rd.
Rocky Mount, NC 27804
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Original text here: https://www.nrc.gov/reading-rm/doc-collections/event-status/event/2024/20240513en.html#en57117
Maximum Security to Pay $22,500 to Settle EEOC Age & Disability Discrimination Lawsuit
NEW YORK, May 14 -- The Equal Employment Opportunity Commission issued the following news release on May 13, 2024:
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Federal Agency Charged Security Company Made Disparaging Comments and Fired 57-Year-Old Employee After Heart Attack
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Maximum Security NYC, Inc., a security company headquartered in Queens, New York, will pay a former employee $22,500 and implement an anti-discrimination policy and training program to resolve an age- and disability-discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced today.
According to
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NEW YORK, May 14 -- The Equal Employment Opportunity Commission issued the following news release on May 13, 2024:
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Federal Agency Charged Security Company Made Disparaging Comments and Fired 57-Year-Old Employee After Heart Attack
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Maximum Security NYC, Inc., a security company headquartered in Queens, New York, will pay a former employee $22,500 and implement an anti-discrimination policy and training program to resolve an age- and disability-discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced today.
According tothe EEOC's lawsuit, Maximum Security had given a 57-year-old employee numerous assignments at client hotels where he was responsible for assisting with evacuations and acting as a liaison to the local fire department during an emergency. However, after the employee suffered a heart attack in December 2020 and returned to work, his supervisor repeatedly told him that he should retire already given his age and heart attack, and then explicitly fired him for the same reasons.
The alleged conduct violated both the Americans with Disabilities Act (ADA) and the Age Discrimination in Employment Act (ADEA), which prohibit discrimination against employees with disabilities and against employees because of their age, respectively. The EEOC filed suit (EEOC v. Maximum Security NYC, Inc., Civil Action No. 1:22-cv-05641) in U.S. District Court for the Eastern District of New York after the parties were unable to reach a pre-litigation settlement through the EEOC's conciliation process.
The decree settling the suit provides for $22,500 in emotional distress damages to be provided to the employee terminated due to his age and disability. The decree also provides for significant non-monetary relief designed to prevent future discrimination, including issuance of a robust new anti-discrimination policy covering age, disability, and other forms of discrimination; extensive and continuing anti-discrimination training for managers and employees; and strong injunctions against discrimination based on age or disability and improperly storing employees' medical records. The EEOC will monitor Maximum Security's compliance with these obligations for more than two years.
"Age and disability discrimination are unjust and unlawful," said Daniel Seltzer, a trial attorney in the EEOC's New York District Office. "An employer cannot rely on stereotypes or fears to deny employees the opportunity to work."
Yaw Gyebi, Jr., director of the EEOC's New York District Office, said, "The EEOC remains steadfastly committed to enforcing the ADA in all aspects of employment; that includes employees who may have had cardiac problems but are still able to perform the essential functions of their job."
For more information on age discrimination, please visit https://www.eeoc.gov/age-discrimination. For more information on disability discrimination, please visit https://www.eeoc.gov/disability-discrimination.
The EEOC's New York District Office is responsible for addressing discrimination charges and conducting agency litigation in Connecticut, Maine, Massachusetts, New Hampshire, New York, northern New Jersey, Rhode Island and Vermont.
The EEOC advances opportunity in the workplace by enforcing federal laws prohibiting employment discrimination. More information is available at http://www.eeoc.gov. Stay connected with the latest EEOC news by subscribing to our email updates.
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Original text here: https://www.eeoc.gov/newsroom/maximum-security-pay-22500-settle-eeoc-age-and-disability-discrimination-lawsuit
Federal Maritime Commission Issues Order Designating Administrative Law Judge Involving Peloton Interactive Vs. Flexport International
WASHINGTON, May 14 -- The Federal Maritime Commission issued the following order designating administrative law judge (Docket No. 24-19) on May 13, 2024:
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PELOTON INTERACTIVE, INC., Complainant v. FLEXPORT INTERNATIONAL LLC, Respondent.
ORDER OF: Erin M. WIRTH, Chief Administrative Law Judge.
ORDER DESIGNATING ADMINISTRATIVE LAW JUDGE
On May 8, 2024, the Commission issued a Notice of Filing of Complaint and Assignment, assigning this proceeding to the Office of Administrative Law Judges.
Pursuant to Commission Rule 25 (46 C.F.R. Sec. 502.25(d)), it is hereby ORDERED that the Honorable
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WASHINGTON, May 14 -- The Federal Maritime Commission issued the following order designating administrative law judge (Docket No. 24-19) on May 13, 2024:
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PELOTON INTERACTIVE, INC., Complainant v. FLEXPORT INTERNATIONAL LLC, Respondent.
ORDER OF: Erin M. WIRTH, Chief Administrative Law Judge.
ORDER DESIGNATING ADMINISTRATIVE LAW JUDGE
On May 8, 2024, the Commission issued a Notice of Filing of Complaint and Assignment, assigning this proceeding to the Office of Administrative Law Judges.
Pursuant to Commission Rule 25 (46 C.F.R. Sec. 502.25(d)), it is hereby ORDERED that the HonorableLinda S. Harris Crovella will preside at such hearings and presentation of evidence as may be necessary to resolve this proceeding and to issue an initial decision or dispositive ruling.
Erin M. Wirth, Chief Administrative Law Judge
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Original text here: https://www2.fmc.gov/readingroom/docs/24-19/24-19%20Order%20Designating%20Administrative%20Law%20Judge.pdf/
