CFPB-PR-241121-1 (11-21-24) CFPB Finalizes Rule on Federal Oversight of Popular Digital Payment Apps to Protect Personal Data, Reduce Fraud, and Stop Illegal “Debanking” – Final rule brings supervision to Big Tech and other widely used digital payment apps handling over 50 million transactions annually Excerpt: WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today finalized […]
Month: November 2024
FCPA Violations – Article ( Articles ) FCPA Violations (FCPAV) Understanding the Implications and Consequences The Foreign Corrupt Practices Act (FCPA) is a crucial piece of legislation in the United States that aims to combat corruption and bribery in international business transactions. Violations of the FCPA can lead to severe penalties for companies and individuals involved. This article explores […]
SEC-PR-2024-183 (11-21-24) SEC Charges Advisory Firm La Mancha and its Owner David Kushner with Fraud – Defendants, who purported to make business loans, including to professional athletes, allegedly stole investor funds to pay for personal expenses Excerpt: Washington D.C., Nov. 21, 2024 — The Securities and Exchange Commission today charged David Kushner, a resident of […]
SEC-PR-2024-181 (11-20-24) SEC Charges Three Senior Executives in Two Actions Alleging Massive Bribery Scheme Involving Indian Energy Companies Adani Green and Azure Power – Adani Green’s note offering raised $175 million from U.S. investors while bribery scheme was in progress Excerpt: Washington D.C., Nov. 20, 2024 — The Securities and Exchange Commission today charged Gautam […]
Predatory Pricing – Article ( Articles ) Predatory Pricing (PP) Introduction PP is a controversial business practice that involves a company setting prices low enough to eliminate competition, with the intent of raising prices later once competition has been reduced or eliminated. This article will delve into the concept of predatory pricing, its mechanisms, potential […]
FTC-PR-241120-2 (11-20-24) FTC Staff Issues Report on Undercover Funeral Rule Phone Sweep – Report provides key findings about consumers’ ability to obtain price information from funeral providers by phone The staff of the Federal Trade Commission have issued a report detailing key findings from the agency’s first-ever undercover Funeral Rule phone sweep, which found several funeral providers failed to […]
FTC-PR-241120-1 (11-20-24) FTC Sends More Than $140,000 to Consumers Deceived by False Made in USA Claims by Chaucer Accessories and Bates Accessories The Federal Trade Commission is sending more than $140,000 to consumers who were deceived by false Made in USA claims from New England-based clothing companies Chaucer Accessories and Bates Accessories, along with Bates Retail […]
Unregistered Brokers – Article – ( Articles ) Unregistered Brokers (UB) Introduction UB play a controversial role in the financial markets. They operate outside the regulatory framework designed to protect investors, which can lead to significant risks and challenges. This article explores the nature of unregistered brokers, their operations, potential dangers, and how investors can […]
SEC-LR-26173 (11-19-24) Ian Mitchell (SEC) Litigation Release No. 26173 / November 19, 2024 SEC v. Ian Mitchell, No. 24-civ-8741 (S.D.N.Y. filed November 18, 2024) SEC Charges NY Man Claiming to be a Billionaire with Offering Fraud Excerpt: The SEC today announced it charged Ian Mitchell, a resident of Queens, New York, with defrauding investors in […]
SEC-LR-26172 (11-19-24) Robert Brian Thompson (SEC) Litigation Release No. 26172 / November 19, 2024 SEC v. Robert Brian Thompson, No. 3:24-cv-00800-MHL (E.D. Va., filed Nov. 8, 2024) SEC Charges Richmond Federal Reserve Banking Supervisor with Insider Trading Excerpt: On November 8, 2024, the Securities and Exchange Commission filed insider trading charges against Robert Brian Thompson, […]