FIL-7-2019 February 12, 2019 FDIC Extends Comment Period Related to the Request for Information on the Deposit Insurance Application Process Printable Format: FIL-7-2019 – PDF (PDF Help) Summary: The Federal Deposit Insurance Corporation (FDIC) has extended the comment period related to the Request for Information (RFI) on the Deposit Insurance Application Process from February 11, […]
Monthly Archives: February 2019
FTC Announces New Date for Workshop Examining Online Event Ticket Sales
The Federal Trade Commission has announced it is pushing back until June 11, 2019, the date of a workshop aimed at examining consumer protection issues related to the online event ticket marketplace. The workshop, first announced in October, was originally set to take place in March, but has been delayed until June due to the […]
FTC Completes Review of CAN-SPAM Rule
The Federal Trade Commission announced today that it has completed its first review of the CAN-SPAM Rule, which establishes requirements for commercial e-mail messages and gives recipients the right to opt out of receiving them. The Commission voted to keep the Rule with no changes. The Rule requires that a commercial e-mail contain accurate header […]
New FTC Data Spotlight Details Big Jump in Losses, Complaints about Romance Scams
Scammers who use love to target consumers not only take an emotional toll on their victims, but can also take a financial one as well. New complaint data released today by the Federal Trade Commission shows romance scams generated more reported losses than any other consumer fraud type reported to the agency in 2018. In […]
PixarBio Corp. et al.
Litigation Release No. 24395 / February 11, 2019 Securities and Exchange Commission v. PixarBio Corp. et al., No. 18-cv-10797 (D. Mass. filed April 24, 2018) United States v. Frank Reynolds et al., No. 18-cr-10154 (D. Mass. filed April 18, 2018) A former employee of a Boston-based biotech company and a friend of the company’s CEO, […]
NL Technology, LLC et al.
Litigation Release No. 24394 / February 11, 2019 Securities and Exchange Commission v. NL Technology, LLC et al., No. 3:18-cv-02253 (S.D. Cal.) On February 8, 2019, the Securities and Exchange Commission obtained a judgment against Donato Baca, Jr. for his role in a multimillion dollar Ponzi scheme. On September 27, 2018, the SEC charged Baca, his […]
FTC to Send Refund Checks to Consumers who Lost Money to Tech Support Scam
The Federal Trade Commission is sending refund checks to people deceived by the operators of an alleged tech support scheme. The refunds stem from a settlement the FTC and the State of Alabama reached last year with Troth Solutions over allegations that the defendants tricked people into believing their computers were infected with viruses and […]
FTC Approves Application from Praxair and Linde for Sale of an Industrial Gases Plant to Celanese Ltd.
Federal Trade CommissionHeadquarters:600 Pennsylvania Avenue, NWWashington, DC 20580Contact Us Related posts: FTC Submits Comments to NTIA on Consumer Privacy FTC Extends Comment Period on Proposed Changes to Jewelry Guides FTC Requires Drug Marketer Hikma Pharmaceuticals PLC to Divest Rights to Five Generic Injectable Drugs as a Condition of Acquiring Certain Drug Products from Ben Venue […]
FTC Returns Almost $3.5 Million to Consumers Who Bought Deceptively Marketed “Weight-Loss” Supplements from Direct Alternatives and Original Organics, LLC
The Federal Trade Commission is mailing 104,612 checks totaling nearly $3.5 million to people who bought weight-loss supplements marketed by Maine-based sellers Direct Alternatives and Original Organics, LLC. Affected consumers will receive their refund checks, which average $33.12, within the next week. The FTC and the Maine Attorney General’s Office obtained the money in the […]
FTC and FDA Send Warning Letters to Companies Selling Dietary Supplements Claiming to Treat Alzheimer’s Disease and Remediate or Cure Other Serious Illnesses Such as Parkinson’s, Heart Disease, and Cancer
As part of its ongoing efforts to ensure that dietary supplements and other health-related products are advertised truthfully, and that efficacy claims made for such products are supported by competent and reliable scientific evidence, the Federal Trade Commission has joined the U.S. Food and Drug Administration (FDA) in sending three warning letters to companies based […]