Commission

FTC Issues Report to Congress on Collaboration with State Attorneys General

Retrieved on: 
Friday, April 12, 2024
Sentinel, Consumer protection, Congress, Commissioner, Communication, AGS, Bureau, Social media, Blog, News, Commission, Fraud, Best practice, RFI, State, Federal Trade Commission, FTC, Cryptocurrency

The Federal Trade Commission today issued a report to Congress detailing the FTC’s law enforcement cooperation with state attorneys general (AGs) nationwide and presenting best practices to ensure continued effective collaboration.

Key Points: 
  • The Federal Trade Commission today issued a report to Congress detailing the FTC’s law enforcement cooperation with state attorneys general (AGs) nationwide and presenting best practices to ensure continued effective collaboration.
  • The report, directed by the FTC Collaboration Act of 2021, “Working Together to Protect Consumers: A Study and Recommendations on FTC Collaboration with the State Attorneys General” makes legislative recommendations that would enhance these efforts, including reinstating the Commission’s authority to seek money for defrauded consumers and providing it with the independent authority to seek civil penalties.
  • The report is divided into three sections: 1) The FTC’s Existing Collaborative Efforts with State Attorneys General to Prevent, Publicize, and Penalize Frauds and Scams; 2) Recommended Best Practices to Enhance Collaboration; and 3) Legislative Recommendations to Enhance Collaboration Efforts.
  • 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 Sends Refunds to Former AT&T Wireless Customers Who Were Subject to Data Throttling

Retrieved on: 
Friday, April 12, 2024
AT&T Mobility, PayPal, Commission, Social media, Blog, News, AT&T, Federal Trade Commission, FTC, Online shopping

The latest refunds are going to consumers who had not yet received a refund and filed a valid claim with the FTC.

Key Points: 
  • The latest refunds are going to consumers who had not yet received a refund and filed a valid claim with the FTC.
  • The Commission’s interactive dashboards for refund data provide a state-by-state breakdown of refunds in FTC cases.
  • In 2023, FTC actions led to $324 million in refunds to consumers across the country.
  • 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 Sends $1.2 Million in Refunds to Consumers Harmed by Deceptive Investment Claims

Retrieved on: 
Friday, April 12, 2024
PayPal, Fraud, Commission, News, Federal Trade Commission, FTC, Online shopping

The Federal Trade Commission is sending $1.2 million in refunds to consumers who paid for the advice of supposed experts based on deceptive claims of substantial investment profits.

Key Points: 
  • The Federal Trade Commission is sending $1.2 million in refunds to consumers who paid for the advice of supposed experts based on deceptive claims of substantial investment profits.
  • Indeed, many consumers lost substantial amounts of money in attempting to follow the services’ advice.
  • The settlement also prohibits them from making any claims about earnings without having written evidence to back those claims up.
  • In 2023, FTC actions led to $324 million in refunds to consumers across the country.

FTC Issues Report to Congress on Collaboration with State Attorneys General

Retrieved on: 
Friday, April 12, 2024
Sentinel, Consumer protection, Congress, Commissioner, Communication, AGS, Bureau, Social media, Blog, News, Commission, Fraud, Best practice, RFI, State, Federal Trade Commission, FTC, Cryptocurrency

The Federal Trade Commission today issued a report to Congress detailing the FTC’s law enforcement cooperation with state attorneys general (AGs) nationwide and presenting best practices to ensure continued effective collaboration.

Key Points: 
  • The Federal Trade Commission today issued a report to Congress detailing the FTC’s law enforcement cooperation with state attorneys general (AGs) nationwide and presenting best practices to ensure continued effective collaboration.
  • The report, directed by the FTC Collaboration Act of 2021, “Working Together to Protect Consumers: A Study and Recommendations on FTC Collaboration with the State Attorneys General” makes legislative recommendations that would enhance these efforts, including reinstating the Commission’s authority to seek money for defrauded consumers and providing it with the independent authority to seek civil penalties.
  • The report is divided into three sections: 1) The FTC’s Existing Collaborative Efforts with State Attorneys General to Prevent, Publicize, and Penalize Frauds and Scams; 2) Recommended Best Practices to Enhance Collaboration; and 3) Legislative Recommendations to Enhance Collaboration Efforts.
  • Follow the FTC on social media, read consumer alerts and the business blog, and sign up to get the latest FTC news and alerts.

How “location, location, location” can lead to “enforcement, enforcement, enforcement”

Retrieved on: 
Friday, April 12, 2024
Federal Register, Comment, Walking, Checkpoint, Register, Location, Boil, Policy, Blog, Record, Nature, Commission, Complaint, Advertising, Fraud, Pharmacy, SDK, Privacy, Collection, Marketing, IOS, Parent, Work, Android, Federal Trade Commission, FTC, Satellite navigation device

How “location, location, location” can lead to “enforcement, enforcement, enforcement”

Key Points: 

How “location, location, location” can lead to “enforcement, enforcement, enforcement”

Alcohol Addiction Treatment Firm will be Banned from Disclosing Health Data for Advertising to Settle FTC Charges that It Shared Data Without Consent

Retrieved on: 
Friday, April 12, 2024
GoodRx, Consumer protection, Accountability Act, District court, Meta, Social media, Blog, News, Disclosure, DOJ, Commission, HIPAA, Complaint, Data collection, Advertising, IP, Justice, BetterHelp, API, File, Monument, Privacy, Government, Physician, IDS, Federal Trade Commission, FTC

The Federal Trade Commission has taken action against an alcohol addiction treatment service for allegedly disclosing users’ personal health data to third-party advertising platforms, including Meta and Google, for advertising without consumer consent, after promising to keep such information confidential.

Key Points: 
  • The Federal Trade Commission has taken action against an alcohol addiction treatment service for allegedly disclosing users’ personal health data to third-party advertising platforms, including Meta and Google, for advertising without consumer consent, after promising to keep such information confidential.
  • As part of a proposed order settling the FTC allegations, New York-based Monument, Inc. will be banned from disclosing health information for advertising and must obtain users’ affirmative consent before sharing health information with third parties for any other purpose.
  • “This action continues the FTC’s work to ensure strict limits on how firms handle sensitive health data, rather than putting the onus on consumers to protect themselves,” said Samuel Levine, Director of the FTC’s Bureau of Consumer Protection.
  • Monument used these pixels and APIs to track “standard” and “custom events,” meaning instances in which consumers interacted with Monument’s website.
  • If the company is found to have misrepresented its finances, it will be required to pay the full amount.
  • The Commission voted 3-0 to refer the complaint and stipulated final order to the Department of Justice for filing.
  • The DOJ filed the complaint and stipulated order in the U.S. District Court for the District of Columbia.

EQS-News: Karlsberg Brauerei GmbH issues new corporate bond and plans early refinancing of the 2020/2025 bond

Retrieved on: 
Wednesday, April 10, 2024
Oslo Stock Exchange, EUR, Federal Financial Supervisory Authority, Private, Deutsch, Frankfurt Stock Exchange, WKN, CSSF, Issue date, Commission, Nordic, Open Market, Security (finance)

Exchange offer for holders of the 2020/2025 bond starts on Friday, 5 April 2024

Key Points: 
  • Exchange offer for holders of the 2020/2025 bond starts on Friday, 5 April 2024
    Homburg, 3 April 2024 - Karlsberg Brauerei GmbH is issuing a new corporate bond and plans to apply the proceeds to refinance its existing 2020/2025 bond ahead of schedule.
  • The corresponding securities prospectus was approved today by the Luxembourg Financial Market Authority Commission de Surveillance du Secteur Financier (CSSF).
  • The new corporate bond 2024/2029 under Norwegian law (ISIN: NO0013168005, WKN: A3825C) has a target volume of EUR 50 million and a tenor of five years.
  • For each exchanged 2020/2025 bond, holders will receive a new 2024/2029 bond, a cash settlement amount of EUR 10.00 and accrued interest.

Register for the SEC's 43rd Annual Small Business Forum April 16-18

Retrieved on: 
Thursday, April 4, 2024
Advocate, Commission, Small business, Congress, Forum, Policy, Commissioner, Security (finance)

Washington, D.C.--(Newsfile Corp. - April 4, 2024) - The Securities and Exchange Commission’s Office of the Advocate for Small Business Capital Formation will host the SEC’s 43rd Annual Government-Business Forum on Small Business Capital Formation during three virtual sessions April 16-18 from 1-2:30 p.m.

Key Points: 
  • Washington, D.C.--(Newsfile Corp. - April 4, 2024) - The Securities and Exchange Commission’s Office of the Advocate for Small Business Capital Formation will host the SEC’s 43rd Annual Government-Business Forum on Small Business Capital Formation during three virtual sessions April 16-18 from 1-2:30 p.m.
  • The Forum is a unique event where members of the public and private sectors gather to provide feedback to improve capital-raising policy.
  • For questions about registration, how to submit policy recommendations, or other issues relating to this year’s Forum, please email [email protected] .
  • The 2023 Forum Report summarizing last year’s forum proceedings and the recommendations of participants was released on Sept. 26, 2023.

SEC Charges Advisory Firm Senvest Management with Recordkeeping and Other Failures

Retrieved on: 
Wednesday, April 3, 2024
Commission, Ethics, Exercise, Security (finance), Audit

Washington, D.C.--(Newsfile Corp. - April 3, 2024) - The Securities and Exchange Commission today announced charges against registered investment adviser Senvest Management LLC for widespread and longstanding failures to maintain and preserve certain electronic communications.

Key Points: 
  • Washington, D.C.--(Newsfile Corp. - April 3, 2024) - The Securities and Exchange Commission today announced charges against registered investment adviser Senvest Management LLC for widespread and longstanding failures to maintain and preserve certain electronic communications.
  • The SEC also charged Senvest with failing to enforce its code of ethics.
  • Senvest also failed to maintain or preserve the off-channel communications as required under the federal securities laws and the firm's policies and procedures.
  • The order finds that Senvest violated certain recordkeeping and ethics provisions of the Investment Advisers Act of 1940 and failed to reasonably supervise with a view to preventing and detecting violations.