The Federal Financial Supervisory Authority (BaFin) announced it has levied a substantial fine against NBSH Acquisition LLC for breaching German securities law. The company has been ordered to pay €1.6 million for failing to comply with voting rights notification requirements under the German Securities Trading Act (Wertpapierhandelsgesetz – WpHG).
The Australian Senate recently passed a groundbreaking bill mandating climate-related financial disclosures for large and medium-sized companies. This legislation marks a significant milestone in Australia's journey towards establishing a comprehensive climate risk disclosure framework.
A federal judge in Dallas has blocked the Federal Trade Commission’s (FTC) sweeping ban on non-compete agreements. The decision, delivered by U.S. District Judge Ada Brown, represents a significant setback for the FTC and its efforts to make labor markets more competitive by curtailing non-competes, which have become increasingly prevalent across the United States.
Norway's competition watchdog has levied a massive 4.9 billion Norwegian crowns ($466 million) in fines against the country's top three grocery store chains for breaking antitrust rules in a way that may have led to higher consumer prices.
Cantor Fitzgerald & Co., a prominent Wall Street firm, has agreed to pay a $100,000 fine and over $51,000 in restitution to settle allegations of best execution violations in over-the-counter (OTC) securities trades, according to a recent Financial Industry Regulatory Authority (FINRA) action.
Intrepid U.S.A. Inc., a Dallas-based home healthcare and hospice provider, has agreed to pay $3.85 million to settle allegations of violating the False Claims Act. The U.S. Department of Justice announced the settlement on Tuesday, August 20, 2024.
The UK's Information Commissioner's Office (ICO), the independent regulator for data protection and information rights, has launched a new online tool to simplify privacy notice creation for small businesses.