The SEC on Tuesday proposed “Regulation Crypto Assets,” a new framework that would give issuers of certain investment contracts involving crypto assets two purpose-built ways to raise capital without registering the offering under the Securities Act of 1933. One would allow up to $5 million to be raised over four years. The other would permit as much as $75 million in each 12-month period.
The Czech Republic’s competition authority has upheld approximately $13.4 million (CZK 279.152 million) in fines against three meal voucher issuers, bringing the regulator’s long-running case over a cartel that operated for more than 14 years to a close.
Amazon.com has agreed to pay a $2.25 million civil penalty to resolve allegations that it violated the Fair Credit Reporting Act by failing to give identity theft victims requested records of transactions involving people believed to have fraudulently used their identification. In other cases, according to the government, Amazon provided the records too late.
A federal court has entered a stipulated order requiring RentGrow to pay a $2.25 million civil penalty and accept an injunction to resolve allegations that its tenant-screening practices violated the Fair Credit Reporting Act and the Federal Trade Commission Act, the Justice Department announced Wednesday. The Federal Trade Commission investigated the case and referred it to the department.
NewRez LLC has agreed to a $15.5 million multistate settlement after regulators found the mortgage servicer charged more than 4,200 borrowers for force-placed insurance even though they already had active homeowners policies.
The CFTC filed a civil complaint against Goliath Ventures and its CEO, Christopher Delgado, in the U.S. District Court for the Middle District of Florida on Aug. 11, alleging that the company participated in a Ponzi scheme in which customer funds were misappropriated rather than invested as represented. The Securities and Exchange Commission filed a separate civil action against Goliath and Delgado the same day, according to the CFTC.
Veloxis has agreed to pay more than $46 million to resolve criminal and civil liability tied to kickback schemes involving healthcare providers and specialty pharmacies, the Justice Department said Monday. The North Carolina drugmaker entered into a deferred prosecution agreement connected to a criminal conspiracy charge and agreed to settlements covering alleged false claims submitted to federal healthcare programs and failures to properly disclose payments to physicians.