Legal Eagle Review
U.S. and Canadian Securities Regulators Discuss Closer Cooperation on Cross-Border Oversight
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- Written by LER
Washington, DC - The Securities and Exchange Commission announced Tuesday that its senior staff met last week with counterparts at the Ontario Securities Commission (OSC) to discuss ways to further strengthen cooperation regarding their supervision of financial firms.
FTC Charges Payday Lending Scheme with Piling Inflated Fees on Borrowers and Making Unlawful Threats
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- Written by Legal Eagle Review
The Federal Trade Commission has taken action against a payday lending operation that allegedly piled on undisclosed and inflated fees, and collected on loans illegally by threatening borrowers with arrest and lawsuits. The FTC has asked a federal court to stop the allegedly illegal business tactics while the agency pursues its case against the defendants.
FTC Case Against Deceptive Robocallers Leads to Record $30 Million in Civil Penalties
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- Written by LER
In response to charges by the Federal Trade Commission, a federal judge has ordered the defendants behind a deceptive robocall scheme to pay a total of $30 million in civil penalties and give up more than $1.1 million in ill-gotten gains for violations of the FTC Act and the Telemarketing Sales Rule.
SEC Sues Two Executives in Texas to Recover Bonuses and Stock Profits
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- Written by Legal Eagle Review
The Securities and Exchange Commission today sued two former executives at an Austin, Texas-based surgical products manufacturer to recover bonus compensation and stock sale profits they received during an accounting fraud at the company.
Pomerantz Law Firm Has Filed a Class Action Against A123 Systems
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- Written by GNW
New York, New York - Pomerantz Haudek Grossman & Gross LLP has filed a federal securities class action (1:12-cv-10591) in the United States District Court, District of Massachusetts, on behalf of all persons who purchased A123 Systems, Inc. ("A123" or the "Company") (Nasdaq:AONE) securities between February 28, 2011 and March 23, 2012 inclusive (the "Class Period").
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