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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 SummersLatest news
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 SummersFacebook 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 SummersFTC 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 SummersApple 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 SummersGM 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 McCoyRegeneron 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 SummersHMS 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 McCoyFTC 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 SummersFDA 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 SummersSEC 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