Commerce News
Commerce
The U.S. Securities and Exchange Commission has taken action against Titan Global Capital Management USA LLC, an investment adviser based in New York, for employing misleading hypothetical performance metrics in their advertisements.
Commerce
Raimondo: 'President Biden has launched the most ambitious climate and conservation agenda in history'
National Oceanic and Atmospheric Administration recently proposed designating a 5,617-square-mile area off the coasts of San Luis Obispo and Santa Barbara counties as the Chumash Heritage National Marine Sanctuary.
Commerce
Raimondo: 'This EDA investment will support engineering, site redevelopment and infrastructure improvements'
U.S. Secretary of Commerce Gina Raimondo recently announced novel funding to be delivered to Madawaska, Maine, for the redevelopment of the downtown plaza.
Commerce
Raimondo: Funding 'provides an important opportunity to bolster salmon and steelhead recovery'
The U.S. Department of Commerce and National Oceanic and Atmospheric Administration announced more than $106 million in funding for state and Tribal salmon recovery programs and projects in Alaska, California, Idaho, Oregon and Washington.
Commerce
Raimondo: 'We’re ensuring that workers have the skills and resources they need to secure good-paying jobs'
Secretary of Commerce Gina Raimondo announced a $1.5 million grant to a college in Mount Vernon, Ga.
Commerce
US forms dispute panel with Mexico, Canada
In response to Mexico's agricultural biotechnology measures outlined in its Feb. 13 decree, the United States has formed a United States-Mexico-Canada Agreement dispute panel.
Commerce
U.S. Department of Energy announces $30 million in funding to strengthen domestic supply chain of rare earths
On Aug. 21, the U.S. Department of Energy (DOE) announced that $30 million in funding has been allocated for efforts to lower the costs of domestic onshore extraction of rare earths and other vital minerals from coal-based resources, according to a press release. This effort seeks to bolster domestic supply of critical minerals while also reducing reliance on offshore supplies and creating jobs.
Commerce
Soderstrom: 'Order provides innovative and comprehensive relief to protect competition' in Appalachian Basin
The U.S. Federal Trade Commission has taken action to address antitrust concerns related to a $5.2 billion cash-and-stock deal between Quantum Energy Partners, a private equity firm, and natural gas producer EQT Corporation.
Commerce
Experian Consumer Services to settle charges by Federal Trade Commission
Experian Consumer Services, a division of Experian offering consumers access to their credit information, will settle charges by paying $650,000, as mandated by the Federal Trade Commission, for allegedly sending unsolicited emails without providing recipients the option to opt out, as required by the CAN-SPAM Act.
Commerce
Grupo Aval SA to pay $40M for FCPA violations
In resolving Foreign Corrupt Practices Act (FCPA) violations, the Colombian conglomerate Grupo Aval Acciones y Valores S.A., also known as Grupo Aval S.A., and its bank subsidiary, Corporación Financiera Colombiana S.A. (Corficolombiana), agreed to pay $40 million.
Commerce
US Securities and Exchange Commission files charges against Crowe U.K.
The U.S. Securities and Exchange Commission filed charges against Crowe U.K. LLP, its CEO and senior auditor for their role in an inadequate audit of music streaming company Akazoo Limited.
Commerce
Debate heats up over credit card swipe fee legislation: Main Street vs. Wall Street
A bipartisan group of Senators has reignited the controversy over credit card swipe fees by reintroducing the Credit Card Competition Act (S. 1838).
Commerce
Grewal: 'You cannot escape liability by simply changing labels or altering descriptions'
Bittrex, a platform for trading crypto assets, along with its former CEO, has chosen to settle the charges levied by the U.S. Securities and Exchange Commission for operating an unregistered exchange, broker and clearing agency.
Commerce
Antoni: 'The July figures are helping to show the real story' of inflation
The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.2% in July, mirroring June's increase, with the shelter index accounting for more than 90% of the monthly rise, the U.S. Bureau of Labor Statistics reported.
Commerce
Kelly: 'Specific and credible information plays an integral part in the SEC’s enforcement efforts'
Seven individuals who acted as whistleblowers have been granted more than $104 million by the U.S. Securities and Exchange Commission.
Commerce
Emmer: Recent visit 'demonstrated the need to address the regulatory state overwhelming manufacturers in the heartland'
House Majority Whip Rep. Tom Emmer, R-Minn., said federal regulations are causing significant harm among American manufacturers.
Commerce
Combs: 'DEBT Box and its principals lied to investors about virtually every material aspect of their unregistered offering of securities'
In order to stop a fraudulent crypto asset scheme involving 18 defendants, the U.S. Securities and Exchange Commission successfully obtained emergency relief against a company based in Utah.
Commerce
Grewal: Compliance with federal securities laws 'is essential to investor protection and well-functioning markets'
The U.S. Securities and Exchange Commission recently announced charges against 11 Wall Street firms for reported extensive recordkeeping shortcomings.
Commerce
LeBoeuf: 'It is imperative that we continue to measure hypoxia in this region as an indicator of ocean health'
NOAA-supported scientists reported that the Gulf of Mexico's 2023 "dead zone” spans about 3,058 square miles, which is smaller than average, according to a press release.
Commerce
Raimondo on DOC, NOAA investment: 'This funding will help ensure facilities are resilient in a changing climate'
On Aug. 1, the Department of Commerce announced a large investment to enhance marine sanctuaries across the U.S., according to a press release.
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