text large_stringlengths 63 5.87k | label large_stringclasses 2 values | netloc large_stringlengths 5 48 | url large_stringlengths 32 1.63k |
|---|---|---|---|
London (ANTARA News) - Google (GOOGL.O) faces a record antitrust fine of around 3 billion euros ($3.4 billion) from the European Commission in the coming weeks, British newspaper The Sunday Telegraph said. The European Union has accused Google of promoting its shopping service in Internet searches at the expense of rival services in a case that has dragged on since late 2010. Several people familiar with the matter told Reuters last month they believed that after three failed attempts at a compromise in the past six years Google now had no plans to try to settle the allegations unless the EU watchdog changed its stance. The Telegraph cited sources close to the situation as saying officials planned to announce the fine as early as next month, but that the bill had not yet been finalised. Google will also be banned from continuing to manipulate search results to favour itself and harm rivals, the newspaper said. | forward | en.antaranews.com | https://en.antaranews.com/news/104701/google-faces-record-three-billion-euro-eu-antitrust-fine-telegraph |
If these factors have any impact on the expected traffic and toll revenue on CityLink and the West Gate Tunnel, this could also incur a financial penalty for the state government, according to the annual report. Set to open in 2022, the road is designed primarily to relieve pressure on the West Gate Bridge, which carries up to 220,000 vehicles a day. In exchange for its role building the toll road, Transurban has been promised a 10-year extension on CityLink tolls and a 4.25 per cent lift in tolls over the decade, which amounts to a 20 per cent real toll increase, Macquarie Bank has found. | forward | www.theage.com.au | https://www.theage.com.au/national/victoria/west-gate-tunnel-20181219-p50nax.html |
The fourth-largest U.S. lender also reported an impairment of securities of $950 million due to the economic and market conditions. Earlier on Tuesday, JPMorgan Chase & Co. (NYSE: JPM ) reported a 69% slump in first-quarter profit as the coronavirus pandemic forced the largest U.S. bank to boost reserves. The surge in loan demand from cash-strapped companies looking to weather the coronavirus crisis has put pressure on Wells Fargo's balance sheet, which has been restricted by regulators following the 2016 sales practices scandal. At the end of the quarter, the bank's total assets were $1.98 trillion, above the level allowed by the Federal Reserve's consent order, but the bank is managing its average asset level so that it remains in compliance. Wells Fargo's revenue tumbled 18% to $17.7 billion in the quarter ended March 31, as the U.S. banking sector grapples with what is expected to be the worst recession in generations. | not-forward | moneyandmarkets.com | https://moneyandmarkets.com/wells-fargo-earnings-report |
Tyson Foods Inc. was fined $1.5 million by the Commodity Futures Trading Commission for exceeding position limits for soybean meal futures contracts traded on the Chicago Board of Trade (CBOT) and for failing to comply with reporting and recordkeeping obligations regarding its cash positions in grains. The order and settlement, announced Aug. 13, found that on more than 590 dates over a five-year period between January 2016 and January 2021, Tyson held positions in CBOT soybean meal futures in excess of then-applicable federal position limits. Tyson did so without the benefit of a hedge exemption for soybean meal. On those dates, Tyson's positions were, on average, 2,473 contracts (38%) over the then-applicable 6,500-contract limit, and its net long futures positions exceeded the limit by as much as 7,057 contracts. | not-forward | www.foodprocessing.com | https://www.foodprocessing.com/ingredients/animal-proteins/news/11294429/tyson-fined-for-commodities-violations |
Japan's Securities Dealers Association today issued a fine of 30 million yen against Nomura Securities Co., Ltd. The fine stems from Nomura's Japanese government bond futures transactions conducted in March 2021. Japan's Financial Services Agency had previously issued an administrative monetary penalty payment order against the company for the transactions on October 30, 2024. Nomura Securities commented: "We take this matter very seriously. We apologize to our clients and all other concerned parties for the trouble this has caused. By fully implementing the measures announced on October 31, 2024, we will further enhance our compliance framework and internal controls to prevent similar incidents occurring in the future and to regain trust". | not-forward | fxnewsgroup.com | https://fxnewsgroup.com/forex-news/institutional/japanese-securities-dealers-association-imposes-jpy-30m-fine-on-nomura-securities |
But this fine applies to business entities controlled by a gang that includes Roy Cox and Aaron Jones, both of whom were previously 'banned' from making telemarketing calls. Roy Cox was the mastermind behind a nearly identical robocall operation who admitted his guilt in a legal settlement reached in 2013. Back then Cox was prosecuted for making illegal robocalls to sell car warranties whilst hiding behind business fronts in Panama and Hungary, just like the methods used by the Sumco Panama consortium. What is 'groundbreaking' about catching and punishing crooks who were already caught and prosecuted for the same unlawful activities a decade ago? 2. The enormous size of the fine is meaningless if you know the guilty cannot possibly afford it From a press release issued by the Federal Trade Commission (FTC) following the 2013 settlement with Cox: The settlement order bans Cox from telemarketing and imposes a $1.1 million civil penalty that will be suspended due to his inability to pay. | not-forward | commsrisk.com | https://commsrisk.com/5-facts-about-the-300mn-sumco-panama-robocall-fine-the-fcc-does-not-want-you-to-know |
Apple ( AAPL ) is challenging a $1.9B fine imposed by the European Union for preventing fair competition from music streaming rivals such as Spotify ( SPOT ), Samuel Stolton of Bloomberg reports. Apple filed a suit at the EU's General Court to overturn the decision made back in March, people familiar with the matter said. The European Commission said its stands ready to defend all its decisions in court. | not-forward | www.tipranks.com | https://www.tipranks.com/news/the-fly/apple-challenges-1-9b-antitrust-fine-imposed-by-e-u-bloomberg-reports |
The affidavit said that on April 16, 2024, the Drug Inspector/District Ayurvedic and Unani Officer, Haridwar filed criminal complaint before the Chief Judicial Magistrate, Haridwar against Swami Ramdev, Acharya Balkrishna, Divya Pharmacy and Patanjali Ayurved Limited under Sections 3, 4 and 7 of the Drugs & Magic Remedies (Objectionable Advertisements) Act, 1954. The affidavit said that the SLA vide Letter dated April 23, 2024, informed the Secretary, Ministry of AYUSH, Government of India, that action has been taken with respect to the complaint of one Dr. Babu KV intimated by the Ministry vide its Letter dated February 1, 2024. "The SLA stated that it has taken disciplinary action under Drug and Cosmetic Act Rule 159 as well as a complaint has been filed under the Drug and Magic Remedies Act, against Divya Pharmacy and Patanjali Ayurveda Limited. | not-forward | www.etvbharat.com | https://www.etvbharat.com/en/!bharat/after-sc-rap-uttarakhand-drug-licensing-authority-suspends-licenses-of-14-patanjali-products-enn24042908174 |
Valero is required to provide funding for emergency sirens in Paulsboro and Greenwich Township, improve Paulsboro High School's heating and ventilation system to block the flow of outside air into the building when the refinery releases excessive pollution, and acquire properties to improve public access to an adjacent park. The settlement agreement resolves dozens of pollution violations that occurred at the refinery, located in Greenwich Township along the Paulsboro border, during 2005, 2006 and early 2007. In a series of administrative notices and other enforcement actions, the DEP cited Valero for exceeding overall emissions limits, violating stack-emission testing requirements, exceeding emission standards for pollutants during stack tests, failing to maintain records for monitoring of an air scrubber, and deviating from various other leak detection and repair requirements. | not-forward | www.nj.com | http://www.nj.com/south/index.ssf/2008/04/valero_agrees_to_pay_penalty_s.html |
Under the settlement, HF Sinclair Navajo, an HF Sinclair Corp. subsidiary, must pay the $35 million civil penalty, owed in equal shares to the United States and the State of New Mexico. In addition, the company must implement compliance measures estimated to cost $137 million, including capital investments, to reduce emissions at its refinery. | not-forward | ens-newswire.com | https://ens-newswire.com/new-mexico-sinclair-refinery-must-cut-emissions-epa-decrees |
The attorneys general also called for enhanced financial support for affected entities, noting with approval that UnitedHealth had already removed certain conditions (including a waiver of claims against UnitedHealth) initially placed on its financial assistance. Finally, the attorneys general encouraged UnitedHealth and Change Healthcare to take additional steps to notify entities whose data was exposed in the breach and to shield the information of providers and pharmacies from UnitedHealth's other corporate lines of business. The attorneys general specifically noted that their letter did not resolve any ongoing or contemplated investigations, leaving open the possibility of future enforcement actions. Potential Implications for Future Antitrust Actions In a press release issued concurrently with the letter, Minnesota Attorney General Ellison, the letter's lead signatory, highlighted that his office had previously tried to block UnitedHealth's acquisition of Change Healthcare. | forward | www.jdsupra.com | https://www.jdsupra.com/legalnews/in-wake-of-healthcare-system-9266472 |
Dr Lissa Schindler, AMCS Great Barrier Reef campaigner, said: "To put that $13,055 fine in context, Adani is paying less than a quarter of what it donated to the Liberals and Nationals since the last election and less than half what it has donated to One Nation." "Let's also not forget the huge amounts of money Adani is putting into advertising and letterboxing in Queensland to try desperately to push through its mine. "It turns out it was a lot cheaper for Adani to cop a small fine than it was to have done the full amount of work needed on its port so that this didn't happen in the first place. It is not like cyclones are new to Queensland." "We only have one Great Barrier Reef. Let's not risk its future by allowing big mining conglomerates like the Adani Group to go ahead with risky and damaging projects." | not-forward | www.marineconservation.org.au | https://www.marineconservation.org.au/tiny-fine-is-another-big-reason-to-reject-adanis-coal-mine |
Johannesburg/Lagos - Africa's biggest mobile phone operator, MTN, is in talks with Nigerian regulators to try to reduce a $5.2 billion fine, two sources familiar with the matter said on Tuesday. The Nigerian Communications Commission (NCC) said on Monday it had imposed the penalty on the South African-based firm for failing to disconnect users with unregistered SIM cards. "MTN is talking to NCC with the view to revoking or reducing this fine," one source said. "There was bit of misunderstanding around this issue." Another source said MTN had been in talks with NCC about the exact number of people using unregistered SIM cards when the deadline to disconnect them passed. "MTN was under the presumption that it can carry on business as usual because it was still in discussion with the regulators," the source said. If it stands, the penalty will wipe out more than two years of MTN's annual profits. Nigeria is MTN's biggest market by subscribers. | not-forward | www.iol.co.za | https://www.iol.co.za/business-report/companies/mtn-hoping-to-reduce-nigeria-fine-1937012 |
Scrutiny on semiconductor supply chains has not been limited to the Executive Branch, however, and a recent request from Congress illustrates how even individual transactions involving specific links in the semiconductor supply may become subject to regulatory action as Commerce and other U.S. agencies develop a deeper understanding of supply chain dynamics. On March 19, 2021, two Republican lawmakers sent a letter to the Commerce Secretary to prevent ASML Holdings NV, a Dutch technology firm, from supplying critical systems to Semiconductor Manufacturing International Corp. ("SMIC"), a Chinese chipmaker. Sen. Marco Rubio (R-FL) and Rep. Michael McCaul (R-Texas) said that the U.S. should exercise its diplomatic leverage to weaken China's foothold in the semiconductor industry. The lawmakers also asked Commerce Secretary Raimondo to add SMIC to the Commerce Department's Entity List, which would limit SMIC's ability to source materials even for those that are not manufactured in the United States. | forward | www.gibsondunn.com | https://www.gibsondunn.com/artificial-intelligence-and-automated-systems-legal-update-1q21 |
Its final settlement ultimately constituted the largest ever FCPA resolution involving a health care entity. 3 Similar improper payments to foreign officials in China resulted in multi-million dollar FCPA settlements with UK-based pharmaceutical companies such as GlaxoSmithKline and AstraZeneca PLC, as well as the Swiss-based Novartis LC. 4 While a full report and breakdown of these enforcement actions can be found on the SEC's website, the common thread is that each health care entity conducted business or sales in a foreign market by improperly bribing local officials or government employees. 5 As the globalization of the health care industry amplifies and our international medical markets become further integrated, medical device distributors and pharmaceutical manufacturers must maintain strict compliance programs regarding anti-bribery regulations and must be aware of the broad extra-territorial application of laws such as the FCPA. | not-forward | www.jdsupra.com | https://www.jdsupra.com/legalnews/update-on-regulatory-compliance-in-the-31443 |
SoftBank has a heavy exposure to China through its investments in e-commerce giant Alibaba and ride-hailing company Didi. Both companies have seen sharp falls in their share prices due to Beijing's sweeping crackdown of the domestic technology sector and tighter regulation in areas from data protection to antitrust. In April 2021, which falls into SoftBank's last financial year, Alibaba was slapped with a $2.8 billion antitrust fine. Its shares are down around 31% year-to-date. | not-forward | asiainsiders.net | https://asiainsiders.net/softbank-vision-fund-posts-record-27-billion-loss-as-tech-stocks-plummet |
In 2006, the EPA returned to Rockdale and fined the company again for failing to follow through on the consent decree. Two years later, Alcoa closed Rockdale. In 1999, Alcoa first warned its employees that they may have a higher risk of getting lung or bladder cancer from carcinogens encountered at its refineries and smelters, but the company continues to face lawsuits by workers who claim they were exposed to toxins without being told of the risks. They range from class actions involving thousands of workers to plant-specific cases. | not-forward | psmag.com | https://psmag.com/economics/alcoa-and-corporate-social-responsibility-rhetoric-vs-reality-32617 |
BABIN: That's right, and this is especially tough on BP, because of some recent negative incidents. In March, BP had a crude oil spill at one of its Alaskan facilities. And then last year, the government fined BP $21 million for a refinery explosion that killed 15 people. I spoke to Tom Wallin about this. He's with Publisher's Energy Intelligence. Mr. TOM WALLIN (Publisher's Energy Intelligence): It is ironic, in that BP has been quite successful at portraying itself as a company that's very forward-looking, that's embracing new technologies. | not-forward | www.npr.org | https://www.npr.org/2006/06/29/5521153/marketplace-report-bp-sued-for-propane-profiteering |
As part of his investigation into 23andMe, Attorney General Jackson won a consent order appointing a consumer privacy ombudsman to help advocate for consumers' privacy and security interests as 23andMe navigates its sale. Consumers who were impacted by the 2023 data breach have until July 14, 2025 to file a claim against 23andMe. The Attorney General is also encouraging North Carolinians who used 23andMe's services to delete their data from the platform as soon as possible. Here's how to delete your 23andMe data: Once you confirm your request, 23andMe will immediately and automatically begin the deletion process and you will lose access to your account. | forward | www.einpresswire.com | https://www.einpresswire.com/article/821192240/attorney-general-jeff-jackson-sues-to-prevent-23andme-from-selling-north-carolinians-genetic-data |
Credit Suisse (2022): Credit Suisse, Switzerland's largest bank, was fined $234 million in October 2022 1 as a result of an investigation by French authorities. As per the authorities, the bank helped customers create entities across the globe in different countries to help clients refrain from reporting certain assets to the French authorities. This was done to evade taxes. As per the French authorities' estimation, the loss to the tax exchequer was to the tune of 100 million euros ($109.2 million). 2 | not-forward | www.acamstoday.org | https://www.acamstoday.org/fines-for-aml-compliance-failures |
VIEs have been widely used by Chinese technology companies as a way of listing publicly overseas. The offshore vehicles use contracts with the Chinese companies that gives them effective control of the entities. | not-forward | www.yahoo.com | https://www.yahoo.com/now/china-tech-crackdown-fresh-antitrust-093000602.html |
Family Farm Action Alliance submitted public comments on the proposed Federal Trade Commission (FTC) rule that sets out standards for product labels using "Made in the U.S.A." (MUSA) or equivalent claims. The Commission's proposal would codify their current MUSA Labeling Rule, and enforce a civil penalty to those that make intentionally fraudulent MUSA label claims. This rulemaking is imperative to deter deceptive claims currently made in meat and meat product labeling in an already complex food labeling landscape. | forward | www.wattagnet.com | https://www.wattagnet.com/articles/41186-ftc-to-pick-up-usdas-country-of-origin-meat-labeling-slack |
In complaints against companies related to violation of rules on diversion or misappropriation of funds; material misstatement in financial statements, etc. Sebi investigates the allegations, and based on the findings of the probe, appropriate enforcement action is initiated. Additionally, Sebi's complaints redress system SCORES received 239 complaints against entities for alleged insider trading or price manipulation in the current fiscal till July 13, the minister said. Some of the entities against which complaints were received for alleged insider trading or price manipulation include Adani Enterprises, Bharat Heavy Electricals Ltd, Coal India, HDFC Bank, Vedanta, IIFL Securities and Eros International Media in the current financial year. | not-forward | news.abplive.com | https://news.abplive.com/business/sebi-receives-4-085-complaints-for-corporate-governance-violations-in-over-four-years-govt-1618388 |
Tencent has been barred from entering into exclusive music rights agreements and saw its $5.3bn plan to merge DouYu International and Huya blocked by China's market regulator last month. | not-forward | www.businesslive.co.za | https://www.businesslive.co.za/bd/companies/2021-08-18-tencent-quarterly-profit-beats-estimates |
Novo Nordisk A/S has accepted a DKK 500,000 fine imposed by the Public Prosecutor in a suit filed by the Danish Financial Supervisory Authority. In December 2013, the Danish Financial Supervisory Authority reported the company to the police for violating its obligation under Section 27 (1) of the Danish Securities Trading Act to disclose inside information as soon as possible. The reporting concerned the company's receipt of a Complete Response Letter from the US Food and Drug Administration (FDA) in the evening of Friday 8 February 2013. In the letter, the FDA stated that approvals for the insulin products Tresiba and Ryzodeg could not be granted on the basis given. | not-forward | nordiclifescience.org | https://nordiclifescience.org/novo-nordisk-accepts-fine |
Industry watchdog Ofcom has fined EE and Virgin Media for overcharging customers. The regulator fined EE and Virgin Media £13.3 million for charging 500,000 customers who wanted to leave contracts early. EE faced a £6.3 million fine for overcharging 400,000 customers and Virgin media faced a £7 million fine for overcharging 82,000 people. "EE and Virgin Media broke our rules by overcharging people who ended their contracts early. Those people were left out pocket and the charges amounted to millions of pounds," said Gaucho Rasmussen, who is the director of investigations and enforcement at Ofcom. EE racked up a total of £4.3 million from overcharging customers. Virgin Media hs not taken the fine lightly and said that it plans to appeal the decision made by the watchdog. "We profoundly disagree with Ofcom's ruling. This decision and fine is not justified, proportionate or reasonable," said the chief executive of Virgin Media, Tom Mockridge. | not-forward | ukinvestormagazine.co.uk | https://ukinvestormagazine.co.uk/ee-virgin-media-fined-ofcom |
The regulator issued warning letters to ByHeart Inc, Reckitt Benckiser Group's Mead Johnson Nutrition and Perrigo's Wisconsin unit. | not-forward | ca.news.yahoo.com | https://ca.news.yahoo.com/us-fda-issues-warning-letters-203424044.html |
In January 2011, for example, Anil Ambani -controlled companies Reliance Infrastructure and Reliance Natural Resources collectively paid R50 crore to Sebi for settling charges. These companies were found putting money raised through external commercial borrowings into the stock market, a violation of existing regulations. | not-forward | www.financialexpress.com | https://www.financialexpress.com/archive/new-consent-system-in-10-days/952747 |
Under interim Chief Executive Allen Parker, the bank has redoubled its efforts to satisfy regulators. Earlier this year, Wells Fargo expanded its executive committee and created a new unit to focus on executing against regulatory priorities. The bank is operating under more than a dozen consent orders. Also on Wednesday the bank named Wells Fargo veteran David Kowach, former head of Wells Fargo Advisors, head of community banking, and Jim Hays head of the brokerage filling Kowach's position. Elli Dai will become head of small business and personal lending. (Reporting by Imani Moise; editing by Jonathan Oatis) | not-forward | finance.yahoo.com | https://finance.yahoo.com/news/moves-wells-fargo-creates-role-220905164.html |
The Chinese securities regulator has fined Ant Group 7.1 billion yuan $954 million) for "illegal acts," AFP reported Friday, sending the stock of its affiliate, the e-commerce giant Alibaba Group Holding Ltd. BABA, -0.55% up about 4% premarket. Ant, which was founded by billionaire and former CEO of Alibaba Jack Ma, does payment processing, consumer lending and insurance products but came under scrutiny from the Chinese government which forced it to pull a planned IPO in mid-2020. Alibaba was fined 18 billion yuan in 2021 for antitrust violations, as Reuters reported. Reuters was first to break the news of Friday's fine. Ma had been living outside of China until earlier this year after running into government criticism for a speech slamming its regulatory system. That speech is widely held to be the reason for a government crackdown on industry. | not-forward | economy24.co.za | https://economy24.co.za/2023/07/chinese-securities-regulator-fines-ant-group-almost-1-billion-for-illegal-acts-afp |
The former chairman of capital markets at JPMorgan had been fighting to clear his name after the regulator fined him £450,000 for disclosing to a client inside information about a potential takeover of an oil and gas company called Heritage. At the time, JPMorgan was acting on behalf of Heritage. | not-forward | www.independent.co.uk | http://www.independent.co.uk/news/business/news/former-jpmorgan-banker-ian-hannam-loses-market-abuse-appeal-9447743.html |
Chinese ride-hailing giant Didi said earlier this month It will begin delisting the New York Stock Exchange and plan to list in Hong Kong. According to reports, regulators want Didi, a Chinese ride-hailing company from China to stop listing on the New York Stock Exchange due to concerns over leakage. Trump made steps to remove U.S. investments into Chinese companies as tensions between America and China increased, particularly in those considered untrustworthy. to have alleged ties to the Chinese military. — CNBC's Iris Wang, Evelyn Cheng contributed to this report. | forward | www.streetregister.com | https://www.streetregister.com/2021/12/14/chinas-regulator-fines-weibo-operator-sending-shares-tumbling |
Prior reports indicated Ant Group doling out $2.9 billion on research in 2023 to drive its artificial intelligence goals. In 2024, Alibaba received a clean chit from the Chinese antitrust regulator after over three years of investigative scrutiny. The regulator fined Alibaba $2.8 billion in 2021, equivalent to 4% of the e-commerce juggernaut's 2019 revenue. | not-forward | www.benzinga.com | https://www.benzinga.com/24/12/42394872/jack-ma-makes-rare-appearance-at-alibaba-fintech-event-stresses-on-ai-revolution |
The Securities and Exchange Commission of Pakistan (SECP) has canceled the licenses of four securities brokerages due to regulatory breaches. Trading terminals for the affected firms have been deactivated or suspended by the Pakistan Stock Exchange (PSX). According to the SECP, the following firms were impacted: The SECP and PSX have emphasized the importance of adhering to regulatory standards and license renewal processes to ensure smooth operations and market integrity. | not-forward | profit.pakistantoday.com.pk | https://profit.pakistantoday.com.pk/2025/01/02/secp-cancels-licenses-of-four-securities-brokerages |
HSBC Holdings Plc and Wells Fargo & Co. agreed to settle lawsuits by mortgage holders who alleged they were forced to pay for property insurance at inflated rates. HSBC will pay as much as $32 million to resolve the claims, according to the proposed settlement agreement filed Feb. 28 in federal court in Miami. The Wells Fargo settlement agreement, filed yesterday in Miami, didn't specify the total amount the lender may pay. | not-forward | www.bloomberg.com | http://www.bloomberg.com/news/articles/2014-03-06/hsbc-to-pay-as-much-as-32-million-over-insurance-claims |
SIOUX FALLS, S.D. — Medical device maker Medtronic Inc. will pay South Dakota $400,000 in a Medicaid settlement agreement related to alleged payments to the restaurant owned by a former Sanford Health neurosurgeon, the South Dakota Attorney General's Office announced Thursday, Dec. 23. | not-forward | www.inforum.com | https://www.inforum.com/news/south-dakota/medtronic-to-pay-south-dakota-400k-in-medicaid-settlement-over-alleged-surgeon-restaurant-events |
This trend has already been visible in prior years – as reported on here, in 2019, the DOJ declined to prosecute Cognizant Technology Solutions Corporation (Cognizant) for FCPA violations, but used information provided by Cognizant as part of the company's voluntary self-disclosure to investigate and prosecute the company's former president and former chief legal officer for their involvement in the bribery scheme. Similarly, in 2020, the DOJ specifically credited asphalt company Sargeant Marine, Inc.'s cooperation in agreeing to a 25% reduction in the criminal fine imposed on the company in connection with the company's scheme to pay bribes to foreign government officials in Brazil, Venezuela and Ecuador, while at the same time bringing criminal charges against several Sargeant Marine employees who were involved in the bribery scheme. | not-forward | www.jdsupra.com | https://www.jdsupra.com/legalnews/anti-corruption-2021-2801193 |
International derivatives marketplace CME Group has published a notice of disciplinary action against Macquarie Futures USA LLC. Pursuant to an offer of settlement in which Macquarie Futures USA LLC neither admitted nor denied the rule violations or factual findings upon which the penalty is based, a Panel of the NYMEX Business Conduct Committee found that on November 28, 2022, Macquarie carried a long contract position for its customer in December 2022 Henry Hub Natural Gas futures through expiration and failed to assess its customer's ability to take delivery and to ensure that the open positions in the physically delivered contract were liquidated in an orderly manner prior to the expiration of trading. | not-forward | fxnewsgroup.com | https://fxnewsgroup.com/forex-news/exchanges/cme-fines-macquarie-futures-for-alleged-violations-of-nymex-rules |
Shares of ICU Medical, Inc. fell over 4% on April 22, 2025, after the company disclosed it had received a warning letter from the FDA citing unauthorized changes to two of its infusion pump products. The warning letter stated that the pumps were "adulterated" and "misbranded" and noted the Company's modifications "can significantly impact the functionality of the device with respect to the infusion pumps delivery profile, alarm functionality. The FDA stated that these changes may have significantly impacted the safety and efficacy of the devices, raising concerns about the adequacy of ICU Medical's regulatory disclosures. | not-forward | www.einpresswire.com | https://www.einpresswire.com/article/806275033/icui-alert-icu-medical-inc-investigated-for-securities-fraud-investors-should-contact-block-leviton-to-potentially-recover-losses |
"Qualcomm sold these products at a price below cost to key customers with the intention of eliminating a competitor," Commissioner Margrethe Vestager said in a statement. "Qualcomm's strategic behaviour prevented competition and innovation in this market, and limited the choice available to consumers in a sector with a huge demand and potential for innovative technologies." | not-forward | www.fool.com | https://www.fool.com/investing/2019/07/18/qualcomm-hit-with-272-million-antitrust-fine.aspx?source=iedfolrf0000001 |
A Circuit Court judge ruled this week that Hawaii may subpoena Airbnb for records of its hosts as the state investigates whether vacation rental operators have been paying their taxes. The securing of subpoena authority likely sets a foundation for similar enforcement action with other online vacation rental platforms, like Expedia and HomeAway. | not-forward | www.staradvertiser.com | https://www.staradvertiser.com/2019/11/08/editorial/our-view/editorial-airbnb-subpoena-shows-progress |
Pfizer Chairman and Chief Executive Officer Dr. Albert Bourla said, "We are pleased to have received all necessary regulatory approvals for the proposed combination of Mylan and Upjohn. We expect the new company, Viatris, will deliver value to shareholders and the global healthcare community. For Pfizer, this transaction furthers our sharpened focus on innovative medicines and breakthroughs that change patients' lives." | forward | medicaldialogues.in | https://medicaldialogues.in/news/industry/pharma/mylan-pfizer-get-federal-trade-commission-okay-for-proposed-upjohn-business-deal-71046 |
"They ran a multi-billion dollar scam," Pennsylvania Attorney General Josh Shapiro said during a news conference announcing the settlement agreement. Navient, formerly known as Sally Mae, burdened struggling students with debt, the attorneys general said, by pushing them into subprime, private loans they knew most would be unable to repay. "So many people are trapped in unaffordable student loan debt, " Massachusetts Attorney General Maura Healey said. "These loans were doomed to fail from the start and Navient knew it." Navient also steered students into forbearances instead of counseling them about a more affordable repayment plan. | not-forward | abc7chicago.com | https://abc7chicago.com/navient-agrees-to-$17-billion-student-loan-settlement/11464143/ |
Under the agreement, Boeing was ordered to pay a criminal penalty of $243.6 million and compensation payments to Boeing's 737 Max airline customers of $1.77 billion. Boeing was also required to establish a $500 million crash-victim beneficiaries fund to compensate the heirs, relatives and legal beneficiaries of the 346 passengers who died in the two crashes. "The tragic crashes of Lion Air Flight 610 and Ethiopian Airlines Flight 302 exposed fraudulent and deceptive conduct by employees of one of the world's leading commercial airplane manufacturers," Acting Assistant Attorney General David P. Burns of the Justice Department's Criminal Division said at the time of the settlement. Under the settlement agreement, Boeing officials avoided criminal prosecution. It's not clear whether the Alaska Air incident threatens that protection. | not-forward | patch.com | https://patch.com/california/lakeelsinore-wildomar/ca-bound-alaska-airlines-inflight-blowout-may-have-been-crime-fbi |
Two gas companies violated federal clean air rules in Washington County and reached settlement agreements with the U.S. Environmental Protection Agency, it announced Tuesday. MarkWest Energy Partners LP had several storage tanks that continually released vapors, didn't have emergency vents and didn't get regularly scheduled maintenance, according to the consent order. Laurel Mountain Midstream Operating, a pipeline company operated by Oklahoma-based Williams Cos. Inc., owns a processing plant in Robinson where it did not fully implement its risk management plan and had no fire protection system, among other issues. Both companies agreed to fix the problems but did not admit to any violations. The agency will decide on fines or other enforcement steps after the companies finish the corrections, spokeswoman Bonnie Smith said. | not-forward | triblive.com | http://triblive.com/news/adminpage/3858709-74/companies-agency-didn" |
The Consent Order also states that Coinbase often had poor recordkeeping of its own suspicious activity investigations and reporting. 5 For example, after the NYDFS made a request for data related to Coinbase's suspicious activity identification and reporting from 2018 to 2019, Coinbase could not meaningfully respond to the request. | not-forward | www.mondaq.com | https://www.mondaq.com/unitedstates/money-laundering/1275072/nydfs-announces-$100-million-settlement-with-coinbase-for-anti-money-laundering-compliance-deficiencies |
Continental Carbon is the second U.S. carbon black company to sign a consent decree with the EPA. Late in November 2013, Cabot Corp. agreed to pay a $975,000 civil penalty and spend $64 million to control air pollution at its carbon black facilities in Franklin and Villa Platte, La., and Pampa, Texas. Cabot also agreed to spend $450,000 on energy saving and pollution control projects in those communities. | not-forward | www.rubbernews.com | https://www.rubbernews.com/article/20150324/NEWS/150329984/epa-fines-continental-carbon-99-million-for-emissions |
The committee's statement said its 239-page report, with more than 70 investigative findings, reveals "repeated and serious failures" by both Boeing and the FAA. The report claims that Boeing made "extensive efforts to cut costs" due to financial pressure and refused to slow its 737 Max production line, jeopardizing safety. It also alleges that Boeing withheld "crucial information" from the FAA, and that the federal agency's regulation of the airline was hurt by its current oversight structure with respect to Boeing, which "creates inherent conflicts of interest." | not-forward | www.nbcnews.com | https://www.nbcnews.com/news/us-news/737-max-crashes-killed-346-were-horrific-culmination-failures-boeing-n1240192 |
The criminal investigation that opened yesterday into General Motors Co.'s handling of an ignition flaw linked to 12 deaths adds to legal challenges that threaten to overshadow the company's turnaround. GM, the largest U.S. automaker, is now at the beginning of a potentially years-long road dotted with inquiries, lawsuits, government fines and public skepticism. Besides the U.S. Justice Department probe, GM must answer to Congress, the Federal Bureau of Investigation, the Transportation Department and lawyers the company hired to investigate itself. | not-forward | www.bloomberg.com | http://www.bloomberg.com/news/articles/2014-03-12/gm-criminal-probe-of-recalls-complicates-barra-turnaround |
The Federal Aviation Administration (FAA) said on Friday it was seeking to fine Boeing Co $5.4 million, alleging it failed to prevent the installation of defective parts on 737 MAX airplanes, Reuters reported. The FAA alleged Boeing "failed to adequately oversee its suppliers to ensure they complied with the company's quality assurance system, ... Boeing knowingly submitted aircraft for final FAA airworthiness certification after determining that the parts could not be used due to a failed strength test." The FAA proposed a $3.9 million civil penalty against Boeing for the same issue in December involving 133 737 NG airplanes, which is the prior generation of the 737. The 737 MAX has been grounded since March after two fatal crashes killed 346 people. Boeing's safety record on a number of issues have come under scrutiny from lawmakers and the FAA. The parts issue is completely unrelated to the crashes, Boeing said. | not-forward | news.az | https://news.az/news/us-regulator-seeks-to-fine-boeing-54-million-for-defective-parts-on-737-max-planes |
In a statement issued this afternoon from DaimlerChrysler's Stuttgart headquarters said: "The European Commission dropped most of the charges made in 1999, particularly the serious allegation that DaimlerChrysler has an 'overall strategy' to obstruct cross-border sales of Mercedes passenger cars to consumers. However, DaimlerChrysler feels that the few remaining accusations are also groundless. | not-forward | www.am-online.com | https://www.am-online.com/news/2001/10/10/daimlerchrysler-to-appeal-against-45m-ec-fine/2591 |
A third instance was the case of Bajaj Finance, which faced a ban by the RBI due to its non-compliance with extant provisions of digital lending guidelines. The ban was specifically related to the non-issuance of key fact statements ( KFS ) to borrowers under two lending products, eCOM and Insta EMI Card, as well as deficiencies in the KFS for other digital loans sanctioned by the company. KFS is a document mandated by RBI rules that details essential loan information such as amount, tenure, interest rate, fees, and penalties in a concise format for digital loan customers. Bajaj Finance failed to provide these crucial details to its customers, leading to the regulatory action by the RBI. | not-forward | www.theasset.com | https://www.theasset.com/article/51621/india-ramps-up-risk-control-in-burgeoning-digital-space |
Although the U.S. government does not regulate ticket sales, the Federal Trade Commission Act prohibits unfair or deceptive acts affecting commerce. The Department of Justice's antitrust division monitors competition in ticketing, and is tasked with enforcing a 2010 consent decree following Live Nation's merger with Ticketmaster that bans the company from retaliating against venues and promoters for not using its software. | not-forward | www.billboard.com | https://www.billboard.com/pro/live-nation-resale-market-secretly-recorded-phone-calls-concert-tickets |
Here is what Bernzott Capital Advisors US Small Cap Value Fund has to say about Texas Capital Bancshares, Inc. (NASDAQ:TCBI) in its Q3 2022 investor letter: | not-forward | www.insidermonkey.com | https://www.insidermonkey.com/blog/should-you-now-consider-acquiring-texas-capital-tcbi-shares-1090309 |
Tobacco giant, Altria Group, Inc. MO has purchased a 35% stake for $12.5 million in Juul Labs. But Trump's threat has pushed its stock down by 1%. As of last year, Juul's marketing was under investigation by the Federal Trade Commission for misguiding young people to buy vaping products. On Sep 9, the FDA issued a warning letter to Juul stating that it has broken law by promoting its vaping products as less harmful than traditional tobacco products. | not-forward | finance.yahoo.com | https://finance.yahoo.com/news/trump-may-ban-flavored-e-112811069.html |
Microsoft was well aware of the possible legal implications of its offer. More than two decades ago, the U.S. Department of Justice sued the company in a landmark antitrust case that nearly resulted in its breakup. Federal prosecutors alleged that Microsoft maintained an illegal monopoly in the operating system market through anticompetitive behaviors that prevented rivals from getting a foothold. Ultimately, the Justice Department settled with Microsoft, and a federal judge approved a consent decree that imposed restrictions on how the company could develop and license software. Although the decree had long since expired, it nonetheless continued to loom large in the corporate culture. | not-forward | www.propublica.org | https://www.propublica.org/article/microsoft-white-house-offer-cybersecurity-biden-nadella |
(Reuters) - Tesla Inc (O: TSLA ) Chief Executive Elon Musk said the tweet that cost him and the company $20 million in fines each by the U.S. Securities and Exchange Commision was "Worth It". The tweet, sent late Friday evening less than an hour before Musk tweeted that he would take a break from Twitter "for a few days," was in response to a question from a Twitter follower. The SEC in September charged Musk, 47, with misleading investors with tweets on Aug. 7 that said he was considering taking Tesla private at $420 a share and had secured funding. The tweets had no basis in fact, and the ensuing market chaos hurt investors, regulators claimed. Tesla Inc and Elon Musk have agreed to pay $20 million each to financial regulators and the billionaire will step down as the company's chairman but remain as chief executive, under a settlement. Under the settlement agreement, Tesla needs to appoint an independent chairman by Nov. 13. | not-forward | www.investing.com | https://www.investing.com/news/stock-market-news/teslas-elon-musk-says-tweet-that-led-to-20-million-fine-worth-it-1662645 |
In response, Microsoft Corporation (NASDAQ:MSFT) wrote in a statement, "We have apologized for it. We provided the Commission with a complete and candid assessment of the situation, and we have taken steps to strengthen our software development and other processes to help avoid this mistake – or anything similar – in the future." | not-forward | www.insidermonkey.com | https://www.insidermonkey.com/blog/microsoft-corporation-msft-handed-731m-antitrust-fine-by-eu-80586 |
The Commission's decision against five car manufacturers for having colluded on emissions technology standards is just that: a novel case on 'green' cooperation gone bad. A fine of EUR 875 million was imposed for this 'tech cartel'. According to the Commission, the regular discussions between Daimler, BMW, Volkswagen, Audi and Porsche on the development of technology to reduce harmful emissions from diesel cars exceeded their legitimate scope. During these technical meetings, the car manufacturers agreed not to compete on emission cleaning beyond the EU's minimum emissions standards, despite having the technology available to do so. | not-forward | www.stibbe.com | https://www.stibbe.com/publications-and-insights/horizontal-cooperation-from-the-dark-side-to-the-light |
WASHINGTON (AP) — Tyson Foods Inc. is paying $32 million to settle a long-running dispute over whether it should compensate poultry plant workers for time they spend putting on and taking off protective clothing. In a consent decree filed in U.S. District Court in Columbus, Ga., Tyson agreed to make payments averaging around $1,000 per worker to about 17,000 current and former employees around the country. | not-forward | www.manufacturing.net | https://www.manufacturing.net/home/news/13206240/tyson-pays-32m-to-settle-wage-lawsuit |
Truck engine maker Cummins Inc has agreed in principle to pay a $1.675 billion fine for installing devices on hundreds of thousands of engines to allow them to emit excess pollution, the largest-ever civil penalty for a Clean Air Act violation, according to the U.S. Justice Department. | not-forward | programbusiness.com | https://programbusiness.com/news/truck-engine-maker-cummins-to-pay-record-setting-1-675b-environmental-fine |
DUBLIN (Reuters) – The lead European Union privacy regulator on Thursday said it had imposed a 310 million euro ($335 million) fine on Microsoft's professional networking platform LinkedIn over its targeted advertising practices. | not-forward | kfgo.com | https://kfgo.com/2024/10/24/eu-privacy-regulator-fines-linkedin-310-million-euro |
3. Orders issued by the FMC are enforceable only by federal court order. The Shipping Act sets out the mechanisms by which FMC orders may be enforced. The Shipping Act authorizes private parties to bring specified types of enforcement actions. The Act provides that "any party injured" by a violation of a nonreparation order or FMC subpoena "may seek enforcement by a United States district court having jurisdiction over the parties," 46 U.S.C. app. 1713(c), and it authorizes "the person to whom [a reparation award] was made" to seek enforcement of the order "in a United States district court having jurisdiction of the parties," 46 U.S.C. app. 1713(d)(1). The Act also authorizes the Attorney General of the United States to bring an action in federal district court to enforce various categories of FMC orders, including nonreparation orders and subpoenas. See 46 U.S.C. app. 1713(c). | not-forward | www.justice.gov | https://www.justice.gov/osg/brief/fmc-v-south-carolina-state-ports-auth-brief-merits |
SEBI has also added however that the directives are not applicable to primary issuance, buybacks and open offers. Anil Ambani and his group companies RelInfra and RNRL settled the case with SEBI by paying a settlement amount of Rs. 50 crores. In the consent order, SEBI said, ADAG chairman Anil Ambani, Rel Infra's vice-chairman Satish Seth, director SC Gupta, whole-time director Lalit Jalan and director JP Chalasani have remitted Rs25 crore, while RNRL and Anil Ambani have remitted Rs25 crore without admitting or denying the charges levied upon them. | not-forward | www.caclubindia.com | https://www.caclubindia.com/articles/a-comprehensive-overview-of-the-sebi-10084.asp |
Indian drug makers accounted for over half of the warning letters issued by the FDA in 2013 with drug firms like Wockhardt, Strides Arcolab (BOM:532531) and RPG Life Sciences (BOM:532983) being flagged by the FDA for violations. | not-forward | www.ibtimes.com | https://www.ibtimes.com/indian-regulators-observe-fda-standards-joining-agencys-inspection-drug-manufacturing-plants-india |
The Chief Regulatory Officer of CME Group's Market Regulation Department issued charges against Andrew Middlebrooks for violating Rules 432.W. and 576, based on allegations that Middlebrooks failed to diligently supervise his employee in the conduct of his business relating to the Exchange and permitted the employee to enter orders for E-mini Russell 2000 Index and E-mini Nasdaq futures on Globex with Middlebrooks's Operator ID. Specifically, from at least May 4, 2021, through July 22, 2021, Middlebrooks failed to have appropriate policies and procedures in place to prohibit employees from frontrunning orders, so as to enter orders for personal accounts before entering larger aggressor orders on behalf of the employer's account on the same side of the markets. On July 23, 2024, a Hearing Panel Chair of the CME Business Conduct Committee (BCC) first determined that Middlebrooks, having failed to submit a written answer to the charges issued against him, was deemed to have admitted the charges. | not-forward | fxnewsgroup.com | https://fxnewsgroup.com/forex-news/exchanges/trader-to-pay-100k-fine-for-violations-of-cme-rules |
Tesla Inc. CEO Elon Musk agreed that the Supreme Court should overturn the "outrageous" fine imposed on former President Donald Trump in an ongoing trial in New York. What Happened : Musk expressed his disapproval of the fine imposed on Trump by Judge Engoron in New York City. Musk agreed with a Trump supporter account on X, formerly Twitter, that the Supreme Court should "act like one" and overturn the penalty, which is described as "outrageous." | not-forward | www.benzinga.com | https://www.benzinga.com/news/24/03/37903496/elon-musk-wants-supreme-court-to-overturn-outrageous-fine-imposed-on-president-trump-in-new-york/?itm_source=parsely-api |
Vistra said it has remediated the problems, as demonstrated via a third-party review. The Monetary Authority of Singapore has slapped a S$1.1 million ($816,970) penalty on Vistra Trust (Singapore) Pte Ltd for not complying with anti-money laundering and counter-terrorism finance rules. An MAS inspection carried out from April 2019 to June of that year uncovered "serious breaches" of MAS' AML/CFT requirements for trust companies by VTSPL, placing it at "a higher risk of being used as a conduit for illicit activities," the watchdog said in a statement yesterday. VTSPL has paid the penalty and taken remedial actions to address the risk management deficiencies that led to the breaches, MAS said. The failures were particularly in relation to higher risk trust relevant parties, such as the settlor, the beneficiary, the trustee, and any person who has power over the disposition of a trust property," the regulator said. | not-forward | www.wealthbriefingasia.com | https://www.wealthbriefingasia.com/article.php/Singapore-Regulator-Fines-Vistra-Over-AML-Failings |
Its online advertising revenue slid 18%, although it surpassed estimates. The move to reduce its workforce was the first since 2014 after layoffs rippling through the global tech sector finally hit the WeChat operator. [see_also_flex pos='right' post_id='217580′] The social-media and video game behemoth said it would need time to absorb regulatory actions that over the past year cut into its advertising and video gaming revenues and warned that China's Covid-19 restrictions could delay a recovery in its advertising business. Even before the macroeconomic turbulence, China's giant internet industry had resigned itself to a new era of sedate growth after a decade of free-wheeling expansion. Companies like Tencent are focusing on profitability over the market-grab of years past, after a sweeping government crackdown wiped more than US$1 trillion off Tencent and Alibaba combined market value in 2021. | not-forward | techwireasia.com | https://techwireasia.com/2022/08/tencent-is-paying-a-hefty-price-for-being-a-tech-giant-in-china-does-this-mark-the-end-of-an-era |
The European Commission, the EU's executive branch imposed a fine of $400 million on Intel for antitrust violations. The ruling centers around allegations that Intel engaged in anti-competitive practices. They are aimed at stifling competition from Advanced Micro Devices (AMD), its main rival in the computer chip market. | not-forward | www.gizchina.com | https://www.gizchina.com/2023/09/24/intel-hit-with-400-million-eu-antitrust-fine-a-landmark-decision |
Rewarding companies for cooperation with the CCI is also not a new feature in the Competition Act. The "Leniency Regime" of the CCI incentivizes companies participating in a cartel to blow the whistle for a reduction in the fine imposed by the CCI. A party that first approaches or provides vital disclosures to the CCI may receive full immunity (i.e. a 100 percent reduction) from fines. 43 The incentive of lenient treatment to a whistle blower destabilizes cartels and also ensures that the CCI does not waste its scarce resources in uncovering evidence and proving the existence of cartels. | not-forward | www.pymnts.com | https://www.pymnts.com/cpi-posts/settlement-and-commitments-in-india-tools-for-effective-and-timely-enforcement |
Existing customers can leverage the Proofpoint Intelligent Compliance Platform in two ways. For efficiency, compliance and legal teams can reduce supervised communications content review time by up to 84%. For effectiveness, sentiment analysis of communications data and a variety of machine learning models enable early detection of organisational behavioural misconduct to protect customers from insider risks and regulatory fines. | not-forward | www.proofpoint.com | https://www.proofpoint.com/au/newsroom/press-releases/proofpoint-introduces-smarter-way-stay-compliant-new-intelligent-compliance |
Tencent and Alibaba Group Holding Ltd BABA are China's top two tech conglomerates. Tencent's businesses include video games, content streaming, social media, advertising and cloud services. | not-forward | www.benzinga.com | https://www.benzinga.com/news/21/04/20855130/after-alibaba-tencent-set-to-face-antitrust-fine-in-china-report |
Reached for comment, West & Zampella's lawyer Bobby Schwartz has told Kotaku "We are delighted. This makes our case against Activision even clearer. Activision dragged EA into the case hoping to distract from Activision's wretched conduct towards West and Zampella. In dismissing EA today, Activision admits that it was never going to convince anyone that EA conspired with West and Zampella to breach their contracts or did anything else improper. And now Activision will have to answer for its misconduct towards West and Zampella." | not-forward | kotaku.com | http://kotaku.com/5910955/activision-and-ea-settle-case-over-call-of-duty |
The agencies said the companies are falsely advertising CBD supplements, claiming they can treat diseases such as cancer and Alzheimer's. The companies in question have 15 days to address the issues and notify the FTC. | forward | finance.yahoo.com | https://finance.yahoo.com/news/fda-schedules-first-public-hearing-185656233.html |
Korean automakers Hyundai Motor and Kia Motors have agreed to a roughly $350 million settlement with the federal government for overstating vehicle fuel-economy standards — a deal that some analysts say indicates the Obama administration's commitment to enforcing regulations aimed at addressing climate change. The settlement, announced Monday by the Department of Justice (DOJ) and the Environmental Protection Agency (EPA), includes a $100 million civil penalty, the largest ever for a violation of the Clean Air Act. In addition to the fine, the two companies will forfeit greenhouse gas emissions credits worth in excess of $200 million and spend another approximately $50 million on measures to prevent future violations. "Today's action sends a clear signal to the industry that the EPA is serious about assuring compliance with greenhouse gas standards and committed to tough enforcement when necessary," an EPA representative told VICE News. | not-forward | www.vice.com | https://www.vice.com/en_us/article/ev79jk/the-obama-administration-just-sent-the-auto-industry-a-tough-message-about-climate-change |
Some have asked if they are compelled by law to give their ID to non-sworn personal (not Police Officers). Green said that Police Officers will not be forcing anyone to identify themselves in relation to any administrative enforcement actions on the part of the Willdan Corporation and the police department has not empowered anyone. | not-forward | myburbank.com | https://myburbank.com/face-covering-enforcement-with-citations-to-begin-in-burbank-october-16 |
Mark Zuckerberg-owned Meta Platforms and Apple could face fines under the European Union's (EU) Digital Markets Act (DMA) next week. While the penalties are expected to be "modest" compared to past antitrust fines, Apple could face recurring penalties, which may be a bigger concern for the company. Reports suggest that the EU may be taking a careful approach to enforcement, possibly to avoid escalating tensions with the U.S., especially with former President Donald Trump warning of retaliatory tariffs. | forward | www.timesnownews.com | https://www.timesnownews.com/technology-science/apple-and-meta-under-fire-as-eu-plans-to-impose-new-fines-heres-whats-happening-article-151316430 |
As part of the settlement, MarkWest will also perform three supplemental environmental projects (SEPs) and pay a $610,000 civil penalty. Under the terms of the settlement, MarkWest is expected to spend approximately $2.6 million to install and operate technologies that minimize VOC emissions at its facilities throughout eastern Ohio and western Pennsylvania in the Utica and Marcellus shale formations. MarkWest will also implement two SEPs involving the installation and operation of ambient air monitoring stations located upwind and downwind of MarkWest compressor stations in eastern Ohio and western Pennsylvania; one SEP requiring the dissemination and demonstration of a proprietary MarkWest technology for reducing VOC emissions; and one community environmental project for emissions monitoring equipment under an agreement between MarkWest and the commonwealth of Pennsylvania. The total value of the SEPs under this settlement is more than $2.4 million. | forward | www.justice.gov | https://www.justice.gov/opa/pr/us-government-and-pennsylvania-settle-markwest-air-emission-violations-natural-gas-facilities |
JP Morgan declined to comment. The penalty is one of the first major enforcement actions brought under SEC Chair Gary Gensler, who was appointed by Democratic President Joe Biden and who has pledged to crack down on misconduct by Wall Street companies. The SEC said it discovered that J.P. Morgan Securities had been violating rules that require firms to preserve written business communications when the broker was unable to produce records during the course of other investigations. | not-forward | www.brecorder.com | https://www.brecorder.com/news/40140947/record-keeping-lapses-jp-morgan-securities-to-pay-200m-to-settle-us-regulatory-charges |
The fine, the largest ever retail banking penalty imposed by the FCA, was discounted 30 per cent as a result of Lloyds agreeing to settle at an early stage, reducing what would have been a £167.7 million fine to £117.4 million. In the period reviewed by the FCA, Lloyds Banking Group (LBG) assessed customer complaints relating to "in excess of 2.3 million PPI policies" and rejected 37 per cent of those complaints. The FCA said the bank had on one hand designed and implemented a policy for handling PPI complaints in line with FSA guidance, but had then issued further guidance to its PPI complaint handlers directing them to assume the bank's PPI sales processes were "compliant and robust, unless notified to the contrary". The FCA said this guidance was described to complaint handlers as the "Overriding Principle", which the FCA said "affected the judgement of complain handlers and "created the risk of a default assumption LBG had not mis-sold PPI". | not-forward | www.insider.co.uk | http://www.insider.co.uk/news/lloyds-fined-record-117m-ppi-9892687 |
BNP Paribas SA, France's biggest bank, posted its largest loss ever and replaced its compliance chief after a record fine for doing business with countries blacklisted by the U.S. | not-forward | www.bloomberg.com | http://www.bloomberg.com/news/2014-07-31/bnp-paribas-posts-record-eu4-32-billion-loss-on-u-s-fine.html |
Shell Oil has agreed to spend at least $US115 million ($A126.04 million) to cut harmful pollution at a Houston-area refinery. The oil giant will also pay a $US2.6 million civil penalty under the settlement announced on Wednesday. Shell settled with the US Environmental Protection Agency and the Department of Justice after it was accused of violating the federal Clean Air Act. Shell will install a $US1 million system to monitor cancer-causing benzene levels along the fence line of its Deer Park facility. The data will be publicly available on a website. | forward | www.smh.com.au | https://www.smh.com.au/business/shell-to-spend-us115mln-on-pollution-cuts-20130711-2prbn.html |
Under the terms of the consent order, Mondelez Global will pay a $16 million penalty, with both defendants jointly and severally liable for the obligation. Mondelez was spun out of Kraft Foods Inc. in 2012. | not-forward | www.marketwatch.com | https://www.marketwatch.com/story/mondelez-kraft-settle-wheat-price-manipulation-case-2019-08-15 |
Chip makers and analysts have said the current shortage will not be resolved in the short term. Intel 's chief executive Pat Gelsinger predicted in May that the situation would persist for a "couple of years". Taiwan Semiconductor Manufacturing Company (TSMC), the world's top contract chip manufacturer, also said chip shortages could continue into next year. | forward | www.scmp.com | https://www.scmp.com/tech/policy/article/3148394/three-chinese-chip-distributors-fined-abnormal-price-increases/?module=inline&pgtype=article |
A U.S. judge denied in part last week Coinbase's request to dismiss a class action lawsuit from shareholders accusing the exchange of misleading them about its chances of being sued by the U.S. Securities and Exchange Commission. A group of Coinbase shareholders sued the exchange in 2022, alleging the exchange "made materially false and misleading statements" about its operations and risk of regulatory action. United States District Judge Brian Martinotti, of the District of New Jersey, ruled Thursday that while the plaintiffs had a plausible case that Coinbase acted "negligently" when it came to regulatory action (the SEC did, in fact, sue Coinbase), they did not bring a plausible case for most of the allegations. "The Court finds Plaintiffs have adequately alleged that Defendants misleadingly described a favorable picture of the improbability that the SEC would file an enforcement action by repeatedly emphasizing that the crypto assets they listed were not securities," said in a court document. | not-forward | markets.businessinsider.com | https://markets.businessinsider.com/news/currencies/coinbase-must-face-shareholder-lawsuit-over-regulator-risk-concerns-judge-rules-1033758360 |
The NYSE's February report on disciplinary actions, a customer contacted Morgan Stanley on September 1, 2004, to unwind part of a swap, according to the report. A Morgan Stanley affiliate was the counterparty to the swap, and had hedged its exposure by maintaining a short position in shares underlying the trade. As a portion of the swap was unwound, a Morgan Stanley trader tried to buy a basket of stocks to cover some of the firm's short position. | not-forward | www.planadviser.com | https://www.planadviser.com/a-billion-here-a-billion-there |
Strides bought a unit of Vivimed Labs Ltd in January. Vivimed manufactures losartan, a drug that is part of a wider recall in the United States. The FDA 's warning letter dated July 1 comes months after several Indian drugmakers including Sun Pharma ceutical Ltd and Dr. Reddy's Laboratories Ltd were named in a US lawsuit against Israeli drugmaker Teva Pharma ceutical Industries Ltd accusing it of conspiring to inflate drug prices and stifle competition for generic dr ugs. (Reuters) | not-forward | science.thewire.in | https://science.thewire.in/external-affairs/world/us-fda-raises-doubts-about-indian-pharma-companys-quality-control-practices |
While lawmakers weigh regulatory action against Facebook, the company's Oversight Board could have a more immediate impact on the social network. Facebook has promised to honor the board's rulings over the company, and it's possible that Haugen's testimony could compel the Oversight Board to recommend Facebook change some practices it hasn't wanted to alter, such as changes to its algorithmic News Feed or long-brewing plans to launch a social network for kids. (Facebook declined to comment for this story.) | forward | www.forbes.com | https://www.forbes.com/sites/abrambrown/2021/10/11/facebook-whistle-blower-frances-haugen-oversight-board |
The US Securities and Exchange Commission (SEC) today announced its first enforcement action against a company for using improperly restrictive language in confidentiality agreements with the potential to stifle the whistleblowing process. The SEC charged Houston-based global technology and engineering firm KBR Inc. with violating whistleblower protection Rule 21F-17 enacted under the Dodd-Frank Act. KBR required witnesses in certain internal investigations interviews to sign confidentiality statements with language warning that they could face discipline and even be fired if they discussed the matters with outside parties without the prior approval of KBR's legal department. Since these investigations included allegations of possible securities law violations, the SEC found that these terms violated Rule 21F-17, which prohibits companies from taking any action to impede whistleblowers from reporting possible securities violations to the SEC. | not-forward | www.leaprate.com | https://www.leaprate.com/news/sec-issues-130000-penalty-to-company-which-attempted-to-stifle-whistleblowers |
Johnson Matthey was also credited for improving its compliance function after the breaches had been reported. OFSI has engaged in enforcement action against companies every year since its first administered fine in January 2019, the Tracerco fine being its seventh enforcement action overall. Of these actions, however, only one has resulted in a fine of more than six figures, indicating that OFSI continues to utilise its powers most frequently on discrete financial sanctions breaches. Given the breadth of new sanctions and numerous designations implemented this year in relation to Russia's aggression towards Ukraine, many continue to speculate as to whether the agency will be presented with an opportunity to engage in another large enforcement action, akin to its action against Standard Chartered Bank in 2020, where a £20.47 million total fine was imposed. | forward | www.mondaq.com | https://www.mondaq.com/uk/white-collar-crime-anti-corruption--fraud/1209328/ofsi-fines-uk-firm-located-overseas-for-uk-financial-sanctions-breach- |
A subsidiary of Bank of America (BofA) agreed to pay $3 million and take remedial measures to resolve allegations that its surveillance system didn't detect manipulative trading, the Financial Industry Regulatory Authority (FINRA) said. BofA Securities will pay $669,000 to FINRA and the remainder to exchanges, including Choe BYX and Nasdaq, the self-regulatory agency announced in a disciplinary action Wednesday. Between 2015 and 2024, the surveillance system of Bank of America Merrill Lynch and since 2019, of BofAS, was too limited to detect that manipulative wash trading and pre-arranged trading was taking place, FINRA said. | not-forward | www.complianceweek.com | https://www.complianceweek.com/regulatory-enforcement/bank-of-america-unit-reaches-3m-settlement-with-finra-over-surveillance-lapses/35313.article |
Brussels fined Apple €1.84 billion E.U. ($2 billion U.S.) for preventing other music streaming companies from fairly competing by creating restrictions on its App Store. It is the first penalty for Apple from the EU. The European Commission charged Apple last year with preventing Swedish streaming service Spotify and others from informing users of payment options outside of its App Store after a 2019 complaint by Spotify. | not-forward | www.eedesignit.com | https://www.eedesignit.com/apples-2-billion-eu-antitrust-fine |
The punishment raised the probability of similar fines being handed out to other companies like Daimler's Mercedes-Benz and Tata Motor Ltd's Jaguar Land Rover, which are currently being investigated for possible anti-competitive behavior. | forward | www.autoworldnews.com | https://www.autoworldnews.com/articles/8950/20140911/china-price-regulator-fines-chrysler-volkswagen-over-price-monopoly.htm |
The news of the possible additional recalls was first reported by Reuters. NHTSA spokesman Gordon Trowbridge said all ammonium nitrate inflators made by Takata remain under investigation as part of a consent order Takata signed in November. | not-forward | www.freep.com | https://www.freep.com/story/money/cars/2016/02/22/takata-might-recall-another-90m-airbags-report-says/80753778 |
In the 2023 financial year, Shoprite CEO Pieter Engelbrecht received a total pay package of R64.66 million, while Woolworths CEO Roy Bagattini earned a staggering R122.4 million in the same period, reports News24. This is despite the fact that Shoprite has a much larger footprint in terms of stores than Woolworths. Market analysts say that a host of factors are considered when setting CEO pay packages, including share price performance. Both Woolworths and Shoprite have delivered strong results of late, so it is likely that shareholders are not unhappy with the big paydays for the CEOs. However, some people have criticised the pay packages, saying that they are too high. They argue that the CEOs are already well-paid and that the money could be better spent on other things, such as employee salaries or investing in the companies' businesses. | not-forward | www.marketscreener.com | https://www.marketscreener.com/quote/stock/SHOPRITE-HOLDINGS-LTD-3743310/news/Official-Recalled-From-Zimbabwe-for-Diplomatic-Travel-Bungle-South-African-News-Briefs-October-1-45088624/ |
"The Air District seeks penalties commensurate with the degree of noncompliance, in order to send a message that these violations will not be tolerated," added District Counsel Brian C. Bunger. "This $1.5 million penalty does just that." According to AQMD, the settlement covers violations which occurred over 3 years, including "failure to inspect tanks and equipment, air pollution releases that resulted from equipment malfunctions, and administrative and reporting violations." AQMD said Tesoro has committed to undertake a number of capital improvement projects and equipment upgrades, some of which go beyond the minimum required by law. It said a number of outdated systems will be replaced with equipment that incorporates the best available pollution control technology. AQMD also said Tesoro agreed to retrofit heavy-duty diesel vehicles in and around the refinery with particulate traps to reduce the amount of particulate pollution they emit. | forward | www.ogj.com | https://www.ogj.com/refining-processing/article/17269742/tesoro-rm-agrees-to-civil-penalty-for-air-violations |
"This is a victory for consumers and the merchants who rely on debit card payments to operate their businesses," Holly Vedova, director of the FTC's Bureau of Competition, said in a statement. In a statement, Mastercard said it had reached an agreement with the commission on the routing of certain debit card transations, adding that it believes its current practices are "lawful" and that it provides options to merchants. "We will continue the work to update our processes to comply with the consent order and provide even greater choice," the company said. | forward | finance.yahoo.com | https://finance.yahoo.com/news/1-u-orders-mastercard-stop-163822940.html |
The consent order also prohibits the bank from opening new branches or new business lines without approval. During TD's investor day last year, it said that it planned to open 150 U.S. retail branches by 2027 after the regulatory investigation derailed its US$13.4-billion acquisition of Tennessee-based First Horizon Corp. | forward | www.theglobeandmail.com | https://www.theglobeandmail.com/business/article-td-shares-fall-as-bank-hit-with-asset-cap-on-us-retail-banking-unit |
The Alliance of Automobile Manufacturers, a trade group representing General Motors Co, Volkswagen AG, Toyota Motor Corp and others, said NHTSA's "report shows continued progress and higher fuel economy across the entire fleet, but it also shows the continued gap between the standards and the market. "The Alliance continues to advocate for increased standards that are attainable and reflect marketplace realities," the lobbying group said in a statement. The Trump administration gave automakers another respite on fuel economy in July, when it cancelled a rule that would have more than doubled penalties for automakers failing to meet fuel efficiency requirements. | not-forward | finance.yahoo.com | https://finance.yahoo.com/news/1-fiat-chrysler-faces-79-205055322.html |
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.