Commerce News
Commerce
The U.S. Department of Commerce recently released the text of the proposed Indo-Pacific Economic Framework for Prosperity (IPEF) Supply Chain Agreement as part of its efforts to increase transparency across the U.S.
Commerce
National Federation of Independent Business files amicus brief in Moore v. United States
The National Federation of Independent Business (NFIB), a group advancing the interests of small businesses, filed an amicus brief in the U.S. Supreme Court case of Moore v. United States.
Commerce
Grewal: Former N.J. corrections officer 'misappropriated and misused investor money'
The U.S. Securities and Exchange Commission recently filed charges against John DeSalvo, a former New Jersey corrections officer, for orchestrating a cryptocurrency fraud scheme that primarily targeted law enforcement personnel.
Commerce
Levine: 'The defendants preyed on consumers looking to provide for their families with promises of high returns'
Following a lawsuit by the U.S. Federal Trade Commission, a federal court issued a temporary shutdown order for a business opportunity scheme run by Automators, which had attracted $22 million in investments from consumers with false claims of substantial income and profits.
Commerce
Grippo: 'Lawyers often have access to sensitive and confidential information about their law firms’ public company clients'
The U.S. Securities and Exchange Commission recently brought insider trading charges against Romero Cabral da Costa Neto, who allegedly engaged in trading activities based on confidential information during his tenure as a visiting attorney at a global law firm.
Commerce
Raimondo: “This EDA investment in North Baldwin Utilities will help expand the region’s manufacturing sector”
On Aug. 29, 2023, the EDA awarded a multi-million million grant to North Baldwin Utilities in Bay Minette, Alabama.
Commerce
Raimondo: “Marine debris is a significant and increasing threat to coastal, ocean and Great Lakes economic activity”
On August 28, 2023, the Department of Commerce announced $28 million in funding to support large-scale marine debris removal projects and proven interception technologies in coastal regions across the U.S.
Commerce
Soderstrom: 'The Commission’s order provides innovative and comprehensive relief to protect competition'
The Federal Trade Commission responded to antitrust concerns surrounding a $5.2 billion cash-and-stock deal between Quantum Energy Partners, a private equity firm, and EQT Corporation, a natural gas producer.
Commerce
Nawaz: 'Investment advisers must ensure the accuracy of disclosures made to existing and prospective investors'
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).
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