The Arizona Corporation Commission Corporations’ Division celebrates a groundbreaking achievement in its collaboration with the National Historical Publications and Records Commission. Originally setting a goal to digitize 3.5 million microfiche images from 1912-1980, the project has successfully digitized over 4…

A married couple from New York City pleaded guilty today to money laundering conspiracies arising from the hack and theft of approximately 120,000 bitcoin from Bitfinex, a global cryptocurrency exchange. Ilya Lichtenstein, 35, and Heather Morgan, 33, were arrested in…

Fitch Ratings - London - Fitch Ratings has downgraded the United States of America's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'AA+' from 'AAA'. The Rating Watch Negative was removed and a Stable Outlook assigned. The Country Ceiling has been…

Federal Judge Issues Permanent Injunction and Orders Registration, Trading Bans Washington, D.C. — The Commodity Futures Trading Commission today filed a civil enforcement action in the U.S. District Court for the Northern District of California charging William Koo Ichioka, a…

By Lesley Fair Senior Attorney, Division of Consumer and Business Education, FTC For many people, buying a franchise has proven to be a good choice, but like any other financial decision, there is no one-size-fits-all answer to the question “Is…

The CFPB issued an Interim Final Rule related to the LIBOR transition. The 2023 LIBOR Transition Interim Final Rule updates the CFPB’s previous 2021 LIBOR Transition Rule to make changes consistent with the Adjustable Interest Rate Act of 2021 (LIBOR…

Proposed court orders would also require close vetting of high-risk clients The Federal Trade Commission has acted to stop Nexway, a multinational payment processing company, along with its CEO and chief strategy officer, from serving as a facilitator for the…

Genotox Laboratories Ltd., of Austin, Texas, has agreed to pay at least $5.9 million to resolve False Claims Act allegations that it paid volume-based commissions to third party marketers in violation of the Anti-Kickback Statute and submitted claims to federal…

NEWARK, NJ. – A former partner at a New Jersey broker-dealer firm was arrested and charged with engaging in an insider trading scheme that netted millions of dollars in illegal trading profits. Christopher Matthaei, 44, of Brielle, New Jersey, is…

Two Amazon marketplace sellers and four of their companies have pleaded guilty to price fixing DVDs and Blu Ray Discs. On Feb. 10 in U.S. District Court for the Eastern District of Tennessee, Bruce Fish of Hayfield, Minnesota, along with…

A federal district court yesterday entered an order approving the last in a series of four settlements that collectively recovered nearly $5 million stolen from consumers by a transnational network of fraudsters. The settlement represents the culmination of a civil…

Case against company marks first civil penalties for violations of FTC’s Notice of Penalty Offenses on money-making opportunities, ROSCA As a result of a Federal Trade Commission lawsuit, investment advice company WealthPress has agreed to a proposed court order that…