The European Commission is poised to launch investigations into tech giants Apple, Meta Platforms (formerly Facebook), and Alphabet's Google over potential violations of the European Union's Digital Markets Act (DMA), according to Reuters and sources familiar with the matter.
In response to the European Union's Digital Markets Act (DMA) coming into force, Google is making significant alterations to its operations. The move aims to ensure compliance with the new regulations and marks a pivotal moment in the tech giant's approach to business in the European Economic Area (EEA).
A former finance director of Stericycle Inc.'s Latin America division, Abraham Cigarroa Cervantes, has been indicted for his alleged involvement in a complex scheme to funnel over $10 million in bribes to foreign officials across Brazil, Mexico, and Argentina. This indictment sheds light on a multi-year effort to secure business advantages for the international waste management company through illicit means.
The Autorité de la concurrence has imposed a hefty fine of €250 million on Alphabet Inc., Google LLC, Google Ireland Ltd, and Google France, collectively referred to as "Google." This fine comes as a consequence of Google's failure to comply with certain commitments outlined in Decision 22-D-13 of 21 June 2022.
Genesis Global Capital, LLC has agreed to a final judgment ordering it to pay a $21 million civil penalty to the Securities and Exchange Commission (SEC). This settlement comes in response to charges levied against Genesis for engaging in the unregistered offer and sale of securities through its crypto asset lending program, the Gemini Earn program.
The Commodity Futures Trading Commission (CFTC) has taken action against U.S. Bank, N.A., and Oppenheimer & Co., Inc., holding them accountable for breaches in recordkeeping and supervision requirements. The CFTC issued orders against the two financial institutions, alleging their failure to maintain and preserve essential records and to diligently supervise matters related to their businesses as CFTC registrants.
The Securities and Exchange Commission (SEC) has brought forth charges against two investment advisers, Delphia (USA) Inc. and Global Predictions Inc., for allegedly making false and misleading statements regarding their use of artificial intelligence (AI). The regulatory authority revealed that both firms have agreed to settle the charges, collectively agreeing to pay $400,000 in total civil penalties.