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Regulatory Actions August 28, 2020

Instacart faces lawsuit over its alleged deceptive optional service fee

Maplebear, Inc doing business as Instcart, a grocery delivery service company, is facing a lawsuit for allegedly deceiving consumers through its optional service fees. On Thursday, District of Columbia (D.C.)…

By – Marivic Cabural Summers
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Regulatory Actions August 27, 2020
BorgWarner to pay $950K to settle SEC charges over its misstated financial statement

BorgWarner Inc. (NYSE: BWA) agreed to pay a penalty of $950,000 to settle the charges filed by the…

By Marivic Cabural Summers
Regulatory Actions August 27, 2020
Two telecom carriers permanently shutdown for facilitating fraudulent robocalls

Two telecom carriers and its owners will no longer be able to continue facilitating millions of fraudulent robocalls…

By Marivic Cabural Summers
Regulatory Actions August 26, 2020
Supermicro to pay $17.5M to settle its alleged widespread accounting violations

Super Micro Computer Inc (NASDAQ: SMCI) agreed to pay a civil penalty of $17.5 million to settle its…

By Marivic Cabural Summers
Regulatory Actions August 25, 2020
OANDA Corporation to pay $500K for violating CFTC rules

OANDA Corporation, a Canadian futures commission merchant (FCM) and retail foreign exchange dealer (RFED) agreed to pay $500,000…

By Marivic Cabural Summers
Regulatory Actions August 24, 2020
DUSA Pharmaceuticals to pay $20.75M to settle its alleged False Claims Act Violation

DUSA Pharmaceuticals, a subsidiary of Sun Pharmaceuticals Industries (Sun Pharma), agreed to pay $20.75 million to the United…

By Marivic Cabural Summers
Regulatory Actions August 24, 2020
KM Brothers to pay $192,615 to settle price gouging, trademark suit

KM Brothers, Inc. and it’s related companies have agreed to a settlement over their alleged trademark infringement and…

By Jackie Allen
Regulatory Actions August 22, 2020
Facebook CEO Mark Zuckerberg testified during FTC antitrust inquiry  

Facebook (NASDAQ: FB) CEO Mark Zuckerberg testified during a hearing conducted by the Federal Trade Commission (FTC) as…

By Marivic Cabural Summers
Regulatory Actions August 22, 2020
Kevin Clinesmith pleads guilty to altering email in Russia probe

On Wednesday ex-FBI attorney Kevin Clinesmith pleaded guilty to one count of falsifying a government document. Clinesmith was…

By Jackie Allen
Regulatory Actions August 21, 2020
TD Bank to pay $122M to settle CFPB complaint over its alleged illegal overdraft practices

TD Bank agreed to pay a total of $122 million to settle a complaint by the Consumer Financial…

By Marivic Cabural Summers
Regulatory Actions August 20, 2020
Scotiabank to pay $127.4M to settle charges related “massive” spoofing scheme

The Bank of Nova Scotia (operating as Scotiabank) agreed to pay a total of $127.4 million to settle…

By Marivic Cabural Summers

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