The GEM Listing Committee censures Mr Liang Jian Heng, a former controlling shareholder of Wan Cheng Metal Packaging Company Limited (Stock Code: 8291), for breaching the GEM Listing Rules and the Director’s Undertaking.

香港聯合交易所有限公司(香港交易及結算所有限公司全資附屬公司)THE STOCK EXCHANGE OF HONG KONG LIMITED(A wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited)     Controlling shareholders are obliged to comply with their obligations under the GEM Listing Rules and discharge their undertakings given to the Exchange.  Failure to do so may render them subject to disciplinary actions and ultimately disciplinary sanctions […]

FTC Announces New Public Web Page with Interactive Do Not Call and Robocall Data

As part of its continued efforts to help make the Do Not Call (DNC) data it collects more transparent and easier for consumers to use, the Federal Trade Commission today announced the debut of a new interactive public web page containing a wealth of information about the National DNC Registry and unwanted telemarketing robocalls. The […]

FTC and Ohio Stop Rogue Payment Processor and a Credit Card Interest-Reduction Telemarketing Scheme that Allegedly Worked Together to Scam Consumers

At the request of the Federal Trade Commission and the State of Ohio, a federal court in El Paso, Texas shut down two schemes that allegedly bilked millions of dollars from consumers struggling with credit card debt.   The court issued temporary restraining orders against Madera Merchant Services and B&P Enterprises and Educare Centre Services and Prolink, […]

FTC Releases Agenda for Loot Box Workshop on August 7

The FTC has released the final agenda for its August 7, 2019 workshop that will examine consumer protection issues related to video game “loot boxes,” in-game rewards players can buy while playing a video game. Andrew Smith, Director of the FTC’s Bureau of Consumer Protection, will provide opening remarks at the workshop, which will focus […]

Stock Connect Inclusion Arrangements for A+H Companies Listed on STAR Market Agreed

The Stock Exchange of Hong Kong (SEHK), Shanghai Stock Exchange (SSE), and Shenzhen Stock Exchange (SZSE) today announce that Stock Connect inclusion arrangements for companies with A-shares listed on the SSE’s Sci-Tech Innovation Board (STAR Market), and H-shares listed in Hong Kong, have been agreed. Currently, A+H companies listed on the SEHK and SSE or SZSE […]

Exchange Publishes Conclusions on Proposed Rule Changes Associated with Backdoor Listing and Shell Activities to Strengthen Long-term Health, Quality and Sustainability of the Market

香港聯合交易所有限公司(香港交易及結算所有限公司全資附屬公司)THE STOCK EXCHANGE OF HONG KONG LIMITED(A wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited)     Exchange to amend Listing Rules associated with backdoor listing and shell activities Proposals will be implemented with modifications, reflecting comments received through the consultation process Rule amendments to take effect on 1 October 2019  The Stock Exchange of […]

Regulatory Relief

FIL-45-2019 July 26, 2019 Regulatory Relief Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Texas Affected by Severe Storms and Flooding Printable Format: FIL-45-2019 – PDF (PDF Help) Summary: The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Texas […]

FTC Seeks Comments on Children’s Online Privacy Protection Act Rule

In light of continued rapid changes in technology, the Federal Trade Commission is seeking comment on the effectiveness of the amendments the agency made to the Children’s Online Privacy Protection Rule (COPPA Rule) in 2013 and whether additional changes are needed. The COPPA Rule, which first went into effect in 2000 to implement the Children’s […]

Landon M. Smith

Litigation Release No. 24545 / June 24, 2019 Securities and Exchange Commission v. Landon M. Smith, Civil No. 2:19-cv-00519-RJS (D. Utah, filed June 23, 2019) The Securities and Exchange Commission charged Landon M. Smith, of Salt Lake County, Utah, with operating a real estate offering fraud and Ponzi scheme. According to the SEC’s complaint, from […]

FTC Sues Cambridge Analytica, Settles with Former CEO and App Developer

The Federal Trade Commission filed an administrative complaint against data analytics company Cambridge Analytica, and filed settlements for public comment with Cambridge Analytica’s former chief executive and an app developer who worked with the company, alleging they employed deceptive tactics to harvest personal information from tens of millions of Facebook users for voter profiling and […]