Saturday - November 23, 2024
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 Litigation: Portfolio Manager Ordered to Pay $11.2 Million, Prohibited From Managing Others' Money
WASHINGTON, Nov. 23 -- The Securities and Exchange Commission issued the following litigation release (No. 20-civ-076; W.D. Wisc. Filed Jan. 27, 2020) involving Edward S. Walczak:

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On November 19, 2024, the United States District Court for the Western District of Wisconsin entered a final judgment against Edward S. Walczak, a former mutual fund portfolio manager, for fraudulently misrepresenting to investors how he managed risk in the Catalyst Hedged Futures Strategy Fund. The Court ordered Walczak to pay $11.2 million and also restricted Walczak from managing or advising on investments ... Show Full Article

SEC Commissioner Lizarraga Issues Statement on His Planned Departure From Commission
WASHINGTON, Nov. 23 -- The Securities and Exchange Commission issued the following statement on Nov. 22, 2024, by Commissioner Jaime Lizarraga on his planned departure from the commission:

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I notified President Joe Biden of my intent to step down as SEC Commissioner, effective January 17, 2025.

For the better part of this year, my wife, Kelly, has confronted serious illness with admirable courage and a strong spirit. We are grateful for the support of colleagues, friends and family and are hopeful for her speedy and full recovery in the ensuing months.

In reflecting on the challenges that ... Show Full Article

NLRB Lists Decisions for Week of Nov. 4-8
WASHINGTON, Nov. 23 -- The National Labor Relations Board issued the following weekly case summary for Nov. 4-8, 2024:

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Summarized Board Decisions

Hiran Management, Inc. d/b/a Hungry Like the Wolf (16-CA-303914; 373 NLRB No. 130) (https://apps.nlrb.gov/link/document.aspx/09031d4583e7b5cf) Houston, TX, November 4, 2024.

The Board adopted the Administrative Law Judge's conclusions that the Respondent violated Section 8(a)(1) by threatening employees with discharge and other unspecified reprisals, and by discharging employees, because they engaged in a protected walkout and strike.

Charge ... Show Full Article

NLRB Lists Decisions for Week of Nov. 12-15
WASHINGTON, Nov. 23 -- The National Labor Relations Board issued the following weekly case summary for Nov. 12-15, 2024:

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Summarized Board Decisions

Amazon.com Services LLC (29-CA-280153, et al.; 373 NLRB No. 136) (https://apps.nlrb.gov/link/document.aspx/09031d4583e96e24) Staten Island, NY, November 13, 2024.

A full Board majority consisting of Chairman McFerran and Members Prouty and Wilcox overruled Babcock & Wilcox, 77 NLRB 577 (1948) and held that captive-audience meetings are unlawful. The Board explained that such meetings violate Section 8(a)(1) because they have a reasonable tendency ... Show Full Article

FEC Issues Digest for Week of Nov. 18-22
WASHINGTON, Nov. 23 -- 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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Administrative Fines

The Commission made public five closed cases, as follows. For more information, see the case documents in the Administrative Fine Search System.

AF 4696 Committee to Elect Marcus Jones and Marcus Jones, in official capacity as treasurer. The Commission made a final determination and assessed a civil penalty of $1,594.

AF 4697 Raja Chaudhry Campaign, Inc. and Leon Zeno, ... Show Full Article

FCC Issues Order Involving Lifeline & Link Up Reform, Modernization
WASHINGTON, Nov. 23 -- The Federal Communications Commission's Wireline Competition Bureau issued the following order (WC Dockets No. 11-42; 09-197) on Nov. 22, 2024:

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In the Matter of Lifeline and Link Up Reform and Modernization; Telecommunications Carriers Eligible for Universal Service Support

ORDER

By the Chief, Wireline Competition Bureau:

I. INTRODUCTION

1. In this Order, the Wireline Competition Bureau (Bureau) takes emergency action to ensure continuity of Lifeline service for the Lifeline households formerly served by Q Link Wireless LLC (Q Link) prior to its suspension./1

2. ... Show Full Article

FCC Commissioner Starks Issues Statement on FM Broadcast Booster Stations
WASHINGTON, Nov. 23 -- The Federal Communications Commission issued the following statement on Nov. 22, 2024, by Commissioner Geoffrey Starks on an action entitled "Amendment of Section 74.1231(i) of the Commission's Rules on FM Broadcast Booster Stations, Second Report and Order and Order on Reconsideration" (MB Docket No. 20-401):

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The media landscape is constantly changing. Earlier this year, the Commission unanimously approved the First Order to allow geo-targeting on an experimental basis, and broadcasters were given the green light. They began innovating business plans and exploring ... Show Full Article