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Regulatory Actions December 10, 2020

BlueCrest to pay $170 million to settle SEC charges over its inadequate disclosures

BlueCrest Capital Management Limited agreed to pay $170 million to settle a complaint filed by the Securities and Exchange Commission (SEC) over its alleged inadequate disclosures. According to the SEC,…

By – Marivic Cabural Summers
Latest news
Regulatory Actions December 10, 2020
GE agrees to pay $200 million to settle SEC charges for allegedly misleading investors

General Electric Company (NYSE: GE) agreed to pay $200 million to settle a lawsuit filed by the Securities…

By Marivic Cabural Summers
Regulatory Actions December 9, 2020
Facebook faces antitrust lawsuits filed by FTC and state attorneys general

Facebook (NASDAQ: FB) is hit with two separate antitrust lawsuits filed by the U.S. Federal Trade Commission (FTC)…

By Marivic Cabural Summers
Regulatory Actions December 1, 2020
FTC stops “debt parking scheme” by debt collector Midwest Recovery Systems

The Federal Trade Commission (FTC) prohibited a debt collector, Midwest Recovery Systems from placing bogus or highly questionable…

By Marivic Cabural Summers
Regulatory Actions November 30, 2020
Apple hit with €10 million fine over deceptive claims that iPhones are waterproof

Apple has been slapped with a €10 million penalty by Italy’s antitrust watchdog over its deceptive claims that…

By Marivic Cabural Summers
Regulatory Actions November 23, 2020
GM to recall 5.9 million vehicles due to air-bag safety concerns

In an unforeseen $1 billion expense, General Motors (GM) announced plans to recall 5.9 million SUVs and pickup-trucks…

By Colby McCoy
Regulatory Actions November 22, 2020
Regeneron obtains FDA emergency use authorization for its COVID-19 antibody treatment

The U.S. Food and Drug Administration (FDA) granted Regeneron Pharmaceuticals (NASDAQ; REGN) an emergency use authorization (EUA) for…

By Marivic Cabural Summers
Regulatory Actions November 19, 2020
HMS Health and Wellness Center owner sentenced to five years in prison for Medicare fraud

Yolanda Hamilton, the physician-owner and operator of HMS Health and Wellness Center, PLLC in Texas, has been sentenced…

By Colby McCoy
Regulatory Actions November 18, 2020
FTC sues mobile banking app operator Beam Financial for misleading customers

The Federal Trade Commission (FTC) filed a civil complaint against Beam Financial and its CEO Yinan Du for…

By Marivic Cabural Summers
Regulatory Actions November 18, 2020
FDA approves emergency use of Lucira COVID-19 All-In-One Test Kit that can be administered at home

The U.S Food and Drug Administration (FDA) issued an emergency use authorization (EUA) for Lucira COVID-19 All-In-One Test…

By Marivic Cabural Summers
Regulatory Actions November 16, 2020
SEC orders these advisory firms, broker-dealers to return over $3 million to harmed investors

The Securities and Exchange Commission (SEC) ordered three investment advisory firms and two broker-dealers (also registered as advisory…

By Marivic Cabural Summers

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