FTC-PR-241126-2 (11-26-24) Smart Products Surveyed Fail to Provide Consumers with Information on How Long Companies will Provide Software Updates – Software updates ensure products function properly, stay secure, according to FTC Staff Perspective Excerpt – A new paper from Federal Trade Commission staff finds that nearly 89% of products surveyed failed to disclose on their […]
Category: ( Agency News )
Agency News is essential for consumer and investor protection, providing critical information about product recalls, safety warnings, and fraudulent schemes. These releases promote transparency and accountability in the marketplace, enabling consumers to make informed decisions while keeping investors updated on regulatory changes and market conditions. JCAP101.com serves as a central hub for these important updates, aggregating news releases and articles that empower individuals to recognize and avoid scams. By fostering awareness and knowledge, JCAP101.com plays a pivotal role in the fight against fraud and deceptive practices, helping consumers and investors navigate the complexities of the marketplace confidently.
FTC-PR-241126-1 (11-26-24) FTC Takes Action Against Evolv Technologies for Deceiving Users About its AI-Powered Security Screening Systems – Proposed settlement would prohibit misrepresentations and allow affected schools to opt out of current contracts for security screening systems Excerpt – The Federal Trade Commission is taking action against Evolv Technologies over allegations that the company made […]
SEC-PR-2024-187 (11-25-24) (SEC-PR-2411) SEC Charges Ken Leech, Former Co-Chief Investment Officer of Western Asset Management Co., with Fraud – Defendant allegedly engaged in cherry-picking, allocating hundreds of millions of dollars in net first-day gains and losses to favored and disfavored portfolios, respectively Excerpt: Washington D.C., Nov. 25, 2024 — The Securities and Exchange Commission today […]
FTC-PR-241121-1 (11-21-24) FTC Sends Refunds to Consumers Harmed by Credit Bureau Center’s Fake Rental Property Ads and Deceptive Promises of “Free” Credit Reports. Excerpt – The Federal Trade Commission is sending payments totaling nearly $1.9 million to consumers who were harmed by fake rental ads and deceptive promises of “free” credit reports from Credit Bureau […]
CFTC-PR-9009-24 (11-21-24) CFTC’s Global Markets Advisory Committee Advances Recommendation on Tokenized Non-Cash Collateral Excerpt: WASHINGTON, D.C. — The Commodity Futures Trading Commission’s Global Markets Advisory Committee, sponsored by Commissioner Caroline D. Pham, today advanced a recommendation to expand the use of non-cash collateral through the use of distributed ledger technology. The GMAC’s Digital Asset Markets […]
SEC-PR-2024-186 (11-22-24) (SEC-PR-2411) SEC Announces Enforcement Results for Fiscal Year 2024 – Commission saw market participants respond to its efforts to promote culture of proactive compliance. Excerpt: Washington D.C., Nov. 22, 2024 — The Securities and Exchange Commission today announced that it filed 583 total enforcement actions in fiscal year 2024 while obtaining orders for $8.2 […]
SEC-PR-2024-185 (11-22-24) (SEC-PR-2411) SEC Charges Three Broker-Dealers with Filing Deficient Suspicious Activity Reports – Firms receive credit for cooperating with SEC’s investigations Excerpt: Washington D.C., Nov. 22, 2024 — The Securities and Exchange Commission today announced that broker-dealers Webull Financial LLC, Lightspeed Financial Services Group LLC, and Paulson Investment Company, LLC have agreed to settle charges […]
SEC-PR-2024-184 (11-22-24) (SEC-PR-2411) UPS to Pay $45 Million Penalty for Improperly Valuing Business Unit Excerpt: Washington D.C., Nov. 22, 2024 — The Securities and Exchange Commission today announced settled charges against United Parcel Service Inc. for materially misrepresenting its earnings because it failed to follow generally accepted accounting principles (GAAP) in valuing one of its […]
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 […]
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 […]