NOTE: The FTC hosted an IN-PERSON press conference at FTC Headquarters, 600 Pennsylvania Ave, NW, Washington D.C., on July 24, 2019. Watch archival video of the press conference. Participants included: FTC Chairman Joe Simons, FTC Commissioners Noah Joshua Phillips and Christine S. Wilson, and Gustav W. Eyler, Director of the Department of Justice Civil Division’s […]
Monthly Archives: July 2019
FTC Imposes Conditions on Quaker Chemical Corp.’s Acquisition of Houghton International Inc.
Chemical companies Quaker Chemical Corp and Houghton International Inc. have agreed to divest certain products and related assets to a subsidiary of French multinational corporation Total S.A., to settle Federal Trade Commission charges that Quaker’s proposed $1.4 billion acquisition of Houghton would violate federal antitrust law. The FTC’s complaint alleges that the proposed acquisition would […]
Interagency Webinar
FIL-42-2019 July 22, 2019 Interagency Webinar Revisions to the Framework for Margin Requirements for Non-Centrally Cleared Derivatives Printable Format: FIL-42-2019 – PDF (PDF Help) Summary: The FDIC, the Board of Governors of the Federal Reserve System, and the Office of the Comptroller of the Currency are jointly hosting a webinar on revisions to the framework […]
Bank Secrecy Act
FIL-43-2019 July 22, 2019 Bank Secrecy Act Interagency Statement on Risk-Focused Bank Secrecy Act/Anti-Money Laundering Supervision Printable Format: FIL-43-2019 – PDF (PDF Help) Summary: The FDIC, along with the Board of Governors of the Federal Reserve System, the National Credit Union Administration, the Office of the Comptroller of the Currency, and the Financial Crimes Enforcement […]
Equifax to Pay $575 Million as Part of Settlement with FTC, CFPB, and States Related to 2017 Data Breach
NOTE: The FTC hosted an IN-PERSON press conference at FTC Headquarters, 600 Pennsylvania Ave, NW, Washington D.C., on July 22, 2019. Watch archival video of the press conference. Participants included: FTC Chairman Joe Simons, CFPB Director Kathy Kraninger, and Maryland Attorney General Brian Frosh. Equifax Inc. has agreed to pay at least $575 million, and […]
Gary Winemaster, Craig Davis and James Needham
Litigation Release No. 24544 / July 19, 2019 Securities and Exchange Commission v. Gary Winemaster, Craig Davis and James Needham, Civil Action No. 19-4843 (N.D. Ill. filed July 19, 2019) The Securities and Exchange Commission today charged the former chief executive officer of a Chicago-area engine manufacturing company and two former senior sales executives for […]
Garrett M. O’Rourke and Michael J. Black
The Securities and Exchange Commission announced an emergency action charging two individuals with running a pump and dump scheme targeting retail investors. The SEC also obtained an emergency court order freezing the defendants’ assets. According to the SEC’s complaint, Florida resident Garrett M. O’Rourke and Maryland resident Michael J. Black worked together between 2016 and […]
Carol J. Wayland, et al.
Litigation Release No. 24542 / July 19, 2019 Securities and Exchange Commission v. Carol J. Wayland, et al., No. 8:17-cv-01156-AG (DFMx) (C.D. Cal. filed July 6, 2017) On April 18, 2019, a federal district court entered final judgments against a purported oil well company, its founder, and three promoters who were charged with selling unregistered […]
FTC Sends $68,000 in Refund Checks to Consumers Who Bought Lights of America LED Light Bulbs and Filed a Claim
The Federal Trade Commission is sending a second round of refund checks, totaling more than $68,000, to consumers who bought Lights of America LED light bulbs and filed a claim. The FTC sued Lights of America Inc. and related defendants for violating federal law by misrepresenting the light output and life expectancy of their LED […]
Jun Ying
Litigation Release No. 24541 / July 18, 2019 Securities and Exchange Commission v. Jun Ying, Case No. 1:18-CV-01069-TWT (N.D. Ga.) On June 28, 2019, the U.S. District Court for the Northern District of Georgia entered a final judgment on consent against a Georgia resident and former Equifax Inc. executive to resolve pending insider trading claims. […]