POST Online Media Lite Edition



 

Crime : Page 124

Wells Fargo Advisors settles SEC charges for improper sales of complex financial products

June 26, 2018
The Securities and Exchange Commission (SEC) announced that Wells Fargo Advisors agreed to settle charges of misconduct in the sale of financial products known as market-linked investments, or MLIs, to retail investors.

FTC, Nevada obtain order permanently shutting down revenge porn site MyEx

June 25, 2018
At the request of the Federal Trade Commission (FTC) and the state of Nevada, a federal court has ordered that a revenge porn site be permanently shut down, and that the operators pay more than $2 million after finding they violated federal and state law by posting intimate images of people and their personal information without their consent and charging takedown fees.

Russian antimonopoly agency fines LG subsidiary $39,200 for price fixing

June 22, 2018
The Federal Antimonopoly Service (FAS) of Russia has fined LG Electronics RUS, a subsidiary of LG corporation, 2.5 million rubles ($39,200) for coordinating smartphone prices, the watchdog’s statement reads.

Norway fines Telenor 788 million NOK for abuse of dominant position

June 21, 2018
The Norwegian Competition Authority imposed a fine of 788 million NOK on Telenor for abusing its dominant position in the Norwegian mobile market.

BT fined £77,000 by ICO for five million spam emails

June 21, 2018
British Telecommunications (BT) has been fined £77,000 by the Information Commissioner’s Office after it sent nearly five million nuisance emails to customers.

Deutsche Bank to pay $205 million to settle NY currency rigging charges

June 21, 2018
Financial Services Superintendent Maria T. Vullo announced that Deutsche Bank has agreed to pay a fine of $205 million as part of a consent order with the New York State Department of Financial Services (DFS).

Healogics to pay up to $22.51 million to settle False Claims Act liability

June 20, 2018
The Justice Department announced that Healogics has agreed to pay up to $22.51 million to settle allegations that it violated the False Claims Act by knowingly causing wound care centers to bill Medicare for medically unnecessary and unreasonable hyperbaric oxygen (HBO) therapy.

Electrolux sets provision related to competition authority investigation in France

June 20, 2018
Electrolux will set a provision of approximately MSEK 550, in connection to a previously communicated investigation by the French Competition Authority.

Merrill Lynch admits to misleading customers, will pay $42 million

June 19, 2018
The Securities and Exchange Commission (SEC) charged Merrill Lynch, Pierce, Fenner & Smith with misleading customers about how it handled their orders.

JPMorgan Chase fined $65 million by CFTC over benchmark manipulation

June 19, 2018
The Commodity Futures Trading Commission (CFTC) issued an Order filing and settling charges against JPMorgan Chase Bank, N.A. (JPMC) for attempted manipulation of the ISDAFIX benchmark and requiring JPMC to pay a $65 million civil monetary penalty.

Irrational ruling: Apple slapped $6.6 million fine in Australia

June 19, 2018
Apple has been hit with a $6.6 million fine following an investigation into claims it misled Australian customers who had purchased faulty products.

Appian Asset Management to pay €443,000 for historic regulatory failures

June 18, 2018
The Central Bank of Ireland fined Appian Asset Management €443,000 and reprimanded it for significant breaches across three regulatory regimes: client asset, anti-money laundering, and fitness and probity. The breaches have been admitted by the firm.
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