Commerce News
Commerce
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.
Commerce
Allen-Ebrahimian: 'How I chose to get involved with China in the first place was completely random'
Charles Edel, Center for Strategic and International Studies Australia chair, hosted a live book launch Aug. 1 featuring Bethany Allen-Ebrahimian, author of the book, "Beijing Rules: How China Weaponized its Economy to Confront the World."
Commerce
Vedova: 'Deal termination protects competition and is a win for patients'
CooperCompanies, a global powerhouse in medical device manufacturing, has terminated its planned $875 million acquisition of Cook Medical's reproductive health business following a full-phase investigation by the Federal Trade Commission (FTC).
Commerce
Taylor-Kale: Commerce, Defense are 'working together to expand domestic semiconductor production capacity in a coordinated fashion'
The U.S. Departments of Commerce and Defense signed a Memorandum of Agreement to closely collaborate to strengthen the U.S. semiconductor defense industrial base.
Commerce
Vedova: 'The proposed order is a victory in creating a fair and competitive playing field in the e-prescription drug market'
The Federal Trade Commission reached a proposed settlement with Surescripts in an illegal monopolization case that aims to address anticompetitive actions resulting in increased prices, hindered innovation and limited customer choices in the e-prescription market.
Commerce
Raimondo: 'This EDA investment will expand South Texas’ industrial core'
The U.S. Department of Commerce is sending more than $1 million to southern Texas to bolster business and job growth in the region.
Commerce
Gaspard: Digital Consumer Protection Commission Act 'will help address major concerns around competition, privacy, security and transparency'
U.S. Sens. Lindsey Graham. R-S.C., and Elizabeth Warren, D-Mass., recently introduced the Warren-Graham Digital Consumer Protection Commission (DCPC) Act, a landmark bill aimed at regulating major tech platforms and data processors to protect consumers and uphold democratic values in the digital age.
Commerce
DOC's Castillo: 'This project will help manufacturers improve their ability to attract and retain talent'
The University of Tennessee, Knoxville, is getting nearly $750,000 in federal grant funding to strengthen the state's manufacturing sector.
Commerce
Empowering Entrepreneurs: Alfredo Ortiz on the True Essence of the American Dream
Alfredo Ortiz is the President and CEO of the Job Creators Network. He is the author of “Minority Ownership.”
Commerce
Gensler: 'Whether a company loses a factory in a fire — or millions of files in a cybersecurity incident — it may be material to investors'
Public companies in the U.S. now must disclose any cybersecurity incidents they have, as well as their cybersecurity risk management plans, under new rules recently adopted by the U.S. Securities and Exchange Commission (SEC).
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