The U.S. Securities and Exchange Commission has filed a lawsuit against Kik Interactive Inc. for the offer and sale of unregistered securities. In its complaint, the SEC alleges that Kik, over a five-month period in 2017, offered and sold one trillion digital tokens called “Kin.” This initial coin offering, the SEC alleges, violated Section 5(a) and (c) of the Securities Act of 1933.
An update on news from May 2019.
In a span of six days, the U.S. federal government took three actions against Huawei that will ban the company from the U.S. market and force U.S. companies and consumers that own Huawei equipment to stop using it.
Rate-of-return local exchange carriers have a very important decision to make in the next 41 days: move to Alternative Connect America Cost Model II support or continue to receive cost-based universal service fund support. They have until June 17, 2019 to decide. Even rate-of-return carriers that will receive less support under A-CAM II are considering the move. If they so choose, these “glide path” carriers will shift to A-CAM II support under a three-tiered transition process.
Rate-of-return local exchange carriers have until June 17, 2019 to decide whether to move to Alternative Connect America Cost Model support or continue receiving cost-based legacy support. One important factor in this decision will be the broadband deployment obligations required under the cost model.
Many rate-of-return local exchange carriers having a very important decision to make in the next 45 days: move to Alternative Connect America Cost Model support or continue to receive cost-based universal service fund support. They have until June 17, 2019 to decide.
News update for April 2019.
FCC Commissioner Michael O’Rielly has renewed his call for the FCC to incorporate means-testing into the universal service fund’s high cost program.
A summary of news from March 2019.
Kansas rural communications service provider Epic Touch Co., Inc. has entered into an agreement to purchase CP-TEL Holdings, Inc., the sole direct owner of Louisiana communications service providers Campti-Pleasant Hill Telephone Co., Inc. and CP-TEL Network Services, Inc.
