Commission

Republic First Bancorp, Inc. Receives Notice of Non-Compliance From Nasdaq

Retrieved on: 
Monday, January 9, 2023

Nasdaq notified the Company that the Panel will consider its non-compliance with the Rule in their decision regarding the Company’s continued listing on The Nasdaq Global Market.

Key Points: 
  • Nasdaq notified the Company that the Panel will consider its non-compliance with the Rule in their decision regarding the Company’s continued listing on The Nasdaq Global Market.
  • Additionally, the Company must present its views with respect to its non-compliance with the Rule to the Panel in writing no later than January 10, 2023.
  • The Company plans to request an extension to comply with the Rule.
  • If the Panel does not grant an extension to comply with the Rule, the common stock of the Company will be subject to delisting on The Nasdaq Global Market.

ESMA analyses preliminary effects of market correction mechanism on EU natural gas derivative market

Retrieved on: 
Friday, January 27, 2023

ESMA analyses preliminary effects of market correction mechanism on EU natural gas derivative market

Key Points: 
  • ESMA analyses preliminary effects of market correction mechanism on EU natural gas derivative market
    The European Securities and Markets Authority, the EU’s financial markets regulator and supervisor, has today published its preliminary data report following the introduction of the market correction mechanism (MCM) in the EU Regulation.
  • The report describes the structure and main participants in the EU natural gas derivative market.
  • It focuses on market indicators aimed at assessing the potential effects of the adoption of the MCM.
  • Next steps
    Should stakeholders have any feedback on the preliminary data report, do not hesitate to reach out to ESMA.

ESMA issues its first opinion on the draft European Sustainability Reporting Standards

Retrieved on: 
Friday, January 27, 2023

ESMA issues its first opinion on the draft European Sustainability Reporting Standards

Key Points: 
  • ESMA issues its first opinion on the draft European Sustainability Reporting Standards
    The European Securities and Markets Authority, the EU’s financial markets regulator and supervisor, has issued an opinion on the first set of draft European Sustainability Reporting Standards (ESRS Set 1) developed by the European Financial Reporting Advisory Group (EFRAG).
  • ESMA finds that ESRS Set 1 broadly meets the objective of being conducive to investor protection and of not undermining financial stability.
  • To bring Set 1 from broadly capable to fully capable of meeting that objective, ESMA advises the European Commission to address selected technical issues set out in the opinion.
  • The European Commission will consider ESMA’s technical input as it finalises ESRS Set 1 and adopts it into delegated acts.

FTC Finalizes Order Requiring Credit Karma to Pay $3 Million and Halt Deceptive ‘Pre-Approved’ Claims

Retrieved on: 
Thursday, January 26, 2023

Following a public comment period, the Federal Trade Commission finalized a consent order settling charges that credit services company Credit Karma deployed dark patterns to misrepresent that consumers were “pre-approved” for credit card offers.

Key Points: 
  • Following a public comment period, the Federal Trade Commission finalized a consent order settling charges that credit services company Credit Karma deployed dark patterns to misrepresent that consumers were “pre-approved” for credit card offers.
  • The FTC’s consent order requires the company to pay $3 million that will be sent to consumers who wasted time applying for these credit cards and to stop making these types of deceptive claims.
  • The Commission vote to approve the final order and letters to commenters was 4-0.
  • Follow the FTC on social media, read consumer alerts and the business blog, and sign up to get the latest FTC news and alerts.

FTC Announces 2023 Update of Size of Transaction Thresholds for Premerger Notification Filings and Interlocking Directorates

Retrieved on: 
Thursday, January 26, 2023

Section 7A(a)(2) of the act requires the Commission to revise the jurisdictional thresholds annually, based on the change in gross national product.

Key Points: 
  • Section 7A(a)(2) of the act requires the Commission to revise the jurisdictional thresholds annually, based on the change in gross national product.
  • The FTC revises the filing fees annually based on the change in the U.S. consumer price index.
  • The 2023 Consolidated Appropriations Act requires the FTC to revise the HSR filing fee thresholds.
  • For the latest news and resources, follow the FTC on social media, subscribe to press releases and read our blog.

FTC Returns More Than $973,000 to Consumers Charged by NutraClick LLC for Unwanted Monthly Subscriptions for Supplements and Beauty Products

Retrieved on: 
Thursday, January 26, 2023

Recipients who have questions about their payment can call the refund administrator, Analytics, at 844-735-1139, or browse answers to frequently asked questions about FTC refunds.

Key Points: 
  • Recipients who have questions about their payment can call the refund administrator, Analytics, at 844-735-1139, or browse answers to frequently asked questions about FTC refunds.
  • In 2016, NutraClick agreed to settle the FTC’s complaint alleging that it lured consumers with “free” samples of supplements and beauty products and then violated the law by charging them a recurring monthly fee without their consent.
  • The settlement required NutraClick to clearly and conspicuously disclose the terms of its recurring membership programs going forward.
  • Like the FTC on Facebook, follow us on Twitter, read our blogs, and subscribe to press releases for the latest FTC news and resources.

FTC Announces 2023 Update of Size of Transaction Thresholds for Premerger Notification Filings and Interlocking Directorates

Retrieved on: 
Thursday, January 26, 2023

Section 7A(a)(2) of the act requires the Commission to revise the jurisdictional thresholds annually, based on the change in gross national product.

Key Points: 
  • Section 7A(a)(2) of the act requires the Commission to revise the jurisdictional thresholds annually, based on the change in gross national product.
  • The FTC revises the filing fees annually based on the change in the U.S. consumer price index.
  • The 2023 Consolidated Appropriations Act requires the FTC to revise the HSR filing fee thresholds.
  • For the latest news and resources, follow the FTC on social media, subscribe to press releases and read our blog.

FTC Finalizes Order Requiring Credit Karma to Pay $3 Million and Halt Deceptive ‘Pre-Approved’ Claims

Retrieved on: 
Thursday, January 26, 2023

Following a public comment period, the Federal Trade Commission finalized a consent order settling charges that credit services company Credit Karma deployed dark patterns to misrepresent that consumers were “pre-approved” for credit card offers.

Key Points: 
  • Following a public comment period, the Federal Trade Commission finalized a consent order settling charges that credit services company Credit Karma deployed dark patterns to misrepresent that consumers were “pre-approved” for credit card offers.
  • The FTC’s consent order requires the company to pay $3 million that will be sent to consumers who wasted time applying for these credit cards and to stop making these types of deceptive claims.
  • The Commission vote to approve the final order and letters to commenters was 4-0.
  • Follow the FTC on social media, read consumer alerts and the business blog, and sign up to get the latest FTC news and alerts.