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Regulatory Actions December 17, 2020

Robinhood to pay $65M fine to settle SEC charges for misleading customers

Robinhood Financial LLC agreed to pay a penalty of $65 million to settle the charges of the Securities and Exchange Commission (SEC) alleging that the company misled its customers. On…

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 December 16, 2020
Ascension Data & Analytics settles FTC charges over its failure related to consumer data protection

The Federal Trade Commission (FTC) announced that Ascension Data & Analytics agreed to settle its complaint alleging that…

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 December 16, 2020
Massachusetts regulators sued Robinhood for being a ” very reckless company”

Massachusetts securities regulators filed a complaint against Robinhood Financial LLC, accusing the popular online brokerage of greediness and…

By Rochdi Rais Rochdi Rais is the Fractional Head of Growth and financial and legal writer at USA Herald. He has been writing and editing financial, legal and U.S. news for years with over +4000 articles published during his career.
Regulatory Actions December 10, 2020
Google, Amazon slapped with fines by French regulator for privacy breaches

A French data privacy watchdog on Thursday fined Alphabet’s Google some 100 million euros or $121 million for…

By Dee Dulfo Dee is a journalist and a news anchor. He enjoys traveling the world with just a backpack.
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…

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 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 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 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 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 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 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 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 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 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 Colby is a full-time freelance writer based in Seattle, Washington. He grew up in the Southeastern U.S. and loves books, politics, and spending time with his two dogs hiking.
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 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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