Compliance & Ethics

FTC Targets ‘Passive Income’ Promises as Publishing.com Agrees to $1.5 Million Settlement

Publishing.com has agreed to pay $1.5 million to settle allegations brought by the Federal Trade Commission that it misled consumers about how much money they could earn through its online self-publishing programs.

StubHub to Refund $10 Million After FTC Targets Hidden Ticket Fees

The Federal Trade Commission has secured a $10 million settlement with StubHub, forcing the ticketing giant to refund consumers after regulators found it failed to clearly show the true cost of tickets upfront.

DOJ Opens Antitrust Probe Into NFL as Cost & Access Questions Mount

The U.S. Department of Justice has quietly opened an antitrust investigation into the National Football League, turning fresh scrutiny on how America’s most powerful sports league sells its games and what that means for fans trying to watch them.

Electro Optic Systems Fined $2.83 Million for Disclosure Lapse That Left Investors in the Dark

There’s a difference between getting it wrong and waiting too long to admit it. For Electro Optic Systems Holdings Limited, that delay has now cost the company $2.83 million (AUD $4 million) after the Federal Court found it failed to promptly update the market on a sharp downgrade to its 2022 revenue outlook.

EU Moves to Close the Gaps on Corruption With Bloc-Wide Criminal Law Framework

The European Parliament has signed off on a sweeping set of anti-corruption rules that aim to bring long-fragmented national approaches into closer alignment, setting a common baseline for how corruption is defined, prosecuted, and punished across the European Union.

$135 Million Resolution Reached in ACA Fraud Case Built on False Enrollments

The U.S. Department of Justice has secured a guilty plea from Florida-based insurance brokerage AP of South Florida (APSF) and a $107 million civil settlement with AssuredPartners, Inc., marking one of the more striking enforcement actions tied to fraud in the Affordable Care Act marketplace in recent years.

Treasury Moves to Pull Stablecoins Into the Core of U.S. Financial Crime Rules

In a joint proposal released Wednesday, the Financial Crimes Enforcement Network and the Office of Foreign Assets Control laid out how payment stablecoin issuers would be brought under anti-money laundering and sanctions rules through the GENIUS Act. The direction of travel is straightforward. If you issue a payment stablecoin in the U.S., you should expect to operate more like a bank than a tech platform.