Business August 12, 2020
Qualcomm wins appeal in FTC antitrust lawsuit, stock soars
Qualcomm (NASDAQ: QCOM) succeeded in its legal battle against the Federal Trade Commission (FTC) after an Appeals Court overturned a…
Business August 11, 2020
FTC sending $9.1M in refunds to victims of fraudulent Amazing Wealth System
The Federal Trade Commission (FTC) announced that it will distribute a total of $9.1 million in refunds to consumers, who…
New York News August 11, 2020
New York Regulator Releases List of Cryptocurrencies Approved for Custody, Listing
The New York State Department of Financial Services (DFS) released its Greenlist of cryptocurrencies or virtual currencies (VC) approved for…
Business August 11, 2020
Interactive Brokers to pay $38M to settle with U.S. regulators
Interactive Brokers, a registered broker-dealer, agreed to pay a total of $38 million in penalties to settle the charges filed…
Business August 11, 2020
California Judge orders Uber, Lyft to reclassify their drivers as employees
A San Francisco County Superior Court Judge ruled that Uber Technologies (NYSE: UBER) and Lyft (NASDAQ: LYFT) must reclassify their…
Financial Investigations August 10, 2020
DOJ aggressively prosecuting individuals involved in COVID-relief fraud
The U.S. Department of Justice (DOJ) in partnership with different law enforcement and other regulatory agencies remains active and aggressive…
Financial Investigations August 10, 2020
Rialto Capital Management to pay $350K penalty to settle SEC charges
Rialto Capital Management, a registered investment management firm, agreed to a penalty of $350,000 to the Securities and Exchange Commission…
Business August 10, 2020
Airbus shareholders sue company over alleged securities fraud
Airbus SE (OTCMKTS: EADSY) is facing proposed class-action lawsuits filed by U.S. shareholders alleging that the European aerospace and defense…
Business August 9, 2020
World Acceptance Corp to pay $21.7 million to settle SEC charges
World Acceptance Corporation (NASDAQ: WRLD), a consumer lender based in South Carolina, agreed to pay a total of $21.7 million…
Brand Stories August 9, 2020
AbbVie to pay $24 million to settle lawsuit over Humira marketing practices
AbbVie (NYSE: ABBV) agreed to pay $24 million to settle a lawsuit alleging that the biopharmaceutical company committed wrongdoings in…
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