TD Bank is reportedly settling a case involving illegal “spoof” orders by a former trader. The Canadian bank will pay more than $20 million as part of a deal with American prosecutors, Bloomberg News reported Monday (Sept. 30), citing court filings. That deal involves TD...
Epic Games is accusing Samsung and Google of a scheme to block their competition. The maker of the popular Fortnite video game said Monday (Sept. 30) it will sue the companies in federal court. The suit will contend that a Samsung mobile security feature known as Auto Blocker was designed to steer...
Caroline Ellison, the former executive who played a role in the collapse of the FTX crypto exchange and later became the star witness in the prosecution of FTX founder Sam Bankman-Fried, reportedly received a harsher sentence than the one recommended by the federal Probation Department....
Charlie Javice, the young entrepreneur accused of deceiving JPMorgan Chase in a $175 million acquisition deal, will now face trial next year, according to several published reports. A Manhattan federal judge on Monday (Sept. 23) granted Javice’s request to postpone her criminal trial, originally scheduled for Oct. 28,...
The continued fallout from the collapse of Synapse Financial Technologies has heightened the discussion — and regulatory examination — of how end-user and various types of accounts are handled as FinTechs and banks join forces. As a new legal front to the saga opens in...
The Securities and Exchange Commission (SEC) has announced a settlement with audit firm Prager Metis that includes charges related to the firm’s audits of FTX. The settlement resolves two actions, including SEC allegations about the firm’s audits of the now-bankrupt cryptocurrency exchange and auditor independence...
Defendants who allegedly enrolled consumers, without their knowledge, into continuity plans for products they did not buy will forfeit assets valued at $40 million and be banned from certain conduct. The Federal Trade Commission (FTC) said in a Tuesday (Sept. 17) press release that a federal court...
The latest court filing from the trustee overseeing the Chapter 11 bankruptcy of Synapse Financial Technologies illustrates the progress — months in the making, incremental and by no means complete — in restoring customers’ access to their own funds. The filing last Thursday (Sept. 12)...
Home Depot will pay nearly $2 million to settle a civil law enforcement complaint alleging overcharging and false advertising. The $1,977,251 settlement involves a problem often called a “scanner violation” in which the price on the item or the item’s shelf tag is not the...
