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Regulatory Actions August 2, 2021

FTC sends refunds to victims of credit card debt relief schemes

Victims of certain credit card debt relief schemes will receive refunds, according to the Federal Trade Commission (FTC). The federal consumer protection watchdog said it is sending refund checks totaling…

By Marivic Cabural Summers Marivic has been a freelance writer/journalist for nearly 20 years. She strictly adheres to the ethical standards in journalism. For her, integrity is everything. Readers deserve to know that real story. She previously worked as research analyst and editor at Lombardi Financial and has written for various websites including The Motley Fool, ValueWalk, IcannWiki and was a news writer/radio program producer at Nation Broadcasting Corporation. Marivic holds a BA in Mass Communications.
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Regulatory Actions July 30, 2021
Real Estate CEO Michael Shustek & his firm Vestin Mortgage charged with fraud

The Securities and Exchange Commission (SEC) filed securities fraud charges against  Michael Shustek, a real estate CEO in…

By Marivic Cabural Summers Marivic has been a freelance writer/journalist for nearly 20 years. She strictly adheres to the ethical standards in journalism. For her, integrity is everything. Readers deserve to know that real story. She previously worked as research analyst and editor at Lombardi Financial and has written for various websites including The Motley Fool, ValueWalk, IcannWiki and was a news writer/radio program producer at Nation Broadcasting Corporation. Marivic holds a BA in Mass Communications.
Regulatory Actions July 29, 2021
Nikola Founder Trevor Milton charged with securities and wire fraud, NKLA shares fall

Nikola Corporation (NASDAQ: NKLA) founder and former executive chairman Trevor Milton has been charged with securities and wire…

By Marivic Cabural Summers Marivic has been a freelance writer/journalist for nearly 20 years. She strictly adheres to the ethical standards in journalism. For her, integrity is everything. Readers deserve to know that real story. She previously worked as research analyst and editor at Lombardi Financial and has written for various websites including The Motley Fool, ValueWalk, IcannWiki and was a news writer/radio program producer at Nation Broadcasting Corporation. Marivic holds a BA in Mass Communications.
Regulatory Actions July 28, 2021
Robinhood discloses new regulatory investigations ahead of IPO

Robinhood Markets Inc, the online trading platform operator, is facing new regulatory investigations ahead of its initial public…

By Marivic Cabural Summers Marivic has been a freelance writer/journalist for nearly 20 years. She strictly adheres to the ethical standards in journalism. For her, integrity is everything. Readers deserve to know that real story. She previously worked as research analyst and editor at Lombardi Financial and has written for various websites including The Motley Fool, ValueWalk, IcannWiki and was a news writer/radio program producer at Nation Broadcasting Corporation. Marivic holds a BA in Mass Communications.
Regulatory Actions July 27, 2021
27 Financial Firms Settle SEC Charges Over Form CRS Filing and Delivery Failures

A total of 27 financial firms (21 investment advisors and 6 broker-dealers) agreed to pay civil penalties to…

By Marivic Cabural Summers Marivic has been a freelance writer/journalist for nearly 20 years. She strictly adheres to the ethical standards in journalism. For her, integrity is everything. Readers deserve to know that real story. She previously worked as research analyst and editor at Lombardi Financial and has written for various websites including The Motley Fool, ValueWalk, IcannWiki and was a news writer/radio program producer at Nation Broadcasting Corporation. Marivic holds a BA in Mass Communications.
Regulatory Actions July 9, 2021
St. Jude Medical to pay $27M to settle allegations it sold defective heart devices

St. Jude Medical reached an agreement to pay $27 million to settle allegations that it intentionally sold defective…

By Marivic Cabural Summers Marivic has been a freelance writer/journalist for nearly 20 years. She strictly adheres to the ethical standards in journalism. For her, integrity is everything. Readers deserve to know that real story. She previously worked as research analyst and editor at Lombardi Financial and has written for various websites including The Motley Fool, ValueWalk, IcannWiki and was a news writer/radio program producer at Nation Broadcasting Corporation. Marivic holds a BA in Mass Communications.
Regulatory Actions July 8, 2021
Google Faces Second Antitrust Lawsuit Filed By Coalition of Attorneys General

A bipartisan coalition of 37 attorneys general (AGs) is determined to hold Google accountable for its alleged monopolistic…

By Marivic Cabural Summers Marivic has been a freelance writer/journalist for nearly 20 years. She strictly adheres to the ethical standards in journalism. For her, integrity is everything. Readers deserve to know that real story. She previously worked as research analyst and editor at Lombardi Financial and has written for various websites including The Motley Fool, ValueWalk, IcannWiki and was a news writer/radio program producer at Nation Broadcasting Corporation. Marivic holds a BA in Mass Communications.
Regulatory Actions July 8, 2021
Trump Hits Twitter, Facebook, Google with Class Action Lawsuit

For years now, big tech platforms like Twitter, Facebook, and Google have come under fire for censorship. Republicans…

By Gabrielle Seunagal Gabrielle Seunagal is a full-time freelance writer, editor, and voice actor, who worked with USA Herald from June 2017 to November 2024. She is passionate about fitness, travel, and combating human rights abuses like human trafficking and child marriage.
Regulatory Actions July 7, 2021
SEC charges Parallax Health Sciences for making false claims about COVID-19 efforts

The U.S. Securities and Exchange Commission (SEC) sued Parallax Health Sciences (OTCMKTS: PRLX) for allegedly making false claims…

By Marivic Cabural Summers Marivic has been a freelance writer/journalist for nearly 20 years. She strictly adheres to the ethical standards in journalism. For her, integrity is everything. Readers deserve to know that real story. She previously worked as research analyst and editor at Lombardi Financial and has written for various websites including The Motley Fool, ValueWalk, IcannWiki and was a news writer/radio program producer at Nation Broadcasting Corporation. Marivic holds a BA in Mass Communications.
Regulatory Actions June 28, 2021
Court Dismisses FTC, States’ Antitrust Charges Against Facebook

Facebook (NASDAQ: FB) scored a legal victory after a federal court dismissed the antitrust complaints filed against it…

By Marivic Cabural Summers Marivic has been a freelance writer/journalist for nearly 20 years. She strictly adheres to the ethical standards in journalism. For her, integrity is everything. Readers deserve to know that real story. She previously worked as research analyst and editor at Lombardi Financial and has written for various websites including The Motley Fool, ValueWalk, IcannWiki and was a news writer/radio program producer at Nation Broadcasting Corporation. Marivic holds a BA in Mass Communications.
Regulatory Actions May 29, 2021
Tesla Safety Features Added to Model 3 and Model Y Monitor Driver Alertness 

Tesla is installing a driver monitoring system with the camera above the rear-view mirror to monitor driver alertness.…

By Jackie Allen Jackie is a freelance journalist and technology geek. She worked as a telecom project director for AT&T and BellSouth. Before joining the USA Herald she has written books, articles, blogs and whitepapers. Her clients include Samsung and other technology companies.

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