News Release 2019-102 | September 6, 2019 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of August 1, 2019 through August 31, 2019. The list contains only national banks, federal savings associations, and insured federal […]
Monthly Archives: September 2019
Toon Goggles Inc., et al.
The Securities and Exchange Commission today charged Toon Goggles Inc., a Los Angeles-based company that offers on-demand entertainment content for children, and its founder, Ira Warkol, for conducting a $19 million illegal securities offering. The SEC also charged Warkol for acting as an unregistered broker-dealer in connection with the offering. The SEC’s complaint, filed in […]
HKEX Signs MOU with Ping An Insurance Group
Hong Kong Exchanges and Clearing Limited (HKEX) is today (Friday) pleased to announce that it has entered into a memorandum of understanding (MOU) with Ping An Insurance (Group) Company of China Limited (Ping An) to explore possible areas of cooperation and collaboration in Fintech and data analytics to enhance the region’s financial market ecosystem. HKEX […]
The Listing Committee censures Shandong Molong Petroleum Machinery Company Limited (Stock Code: 568), and censures or criticises a number of its former directors for breaching the Exchange Listing Rules and/or the Director’s Undertaking; and censures a number of its former supervisors for breaching the Supervisor’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) A listed issuer’s disclosure of its financial information by way of periodic results announcements and reports is an important piece of information necessary for the shareholders and investors to appraise the listed issuer’s performance and future prospect, […]
Resumption in Derivatives Market Trading
Resumption in Derivatives Market Trading Market Operations 06 Sep 2019 Hong Kong Exchanges and Clearing Limited (HKEX) today confirms that its derivatives market has successfully opened and the market is operating smoothly. There have been no connectivity issues on the trading system reported this morning to date from Exchange Participants. HKEX confirms that the software […]
FTC Obtains Preliminary Injunction Halting Online Beauty Product Sellers’ Deceptive “Free Trial” Offers
The operators of a deceptive negative option scheme have agreed to a court-ordered preliminary injunction temporarily barring them from a wide range of conduct. The preliminary injunction stops the defendants from misleading consumers about supposedly “free trial” offers, enrolling them in unwanted continuity plans, billing them without their authorization, and making it nearly impossible for […]
FTC to Hold Workshop on Consumer Participation in Class Action Cases
On October 29, 2019, the Federal Trade Commission will hold a public workshop in Washington, DC on improving class action settlement notices for consumers. The event will address current practices and research related to class action notices, redress methods, claims rates, check-cashing rates, and similar issues. The workshop will include several panels of experts representing a […]
FTC Gives Final Approval to Settlement with Auto Dealer Software Company That Allegedly Failed to Protect Consumers’ Data
Following a public comment period, the Federal Trade Commission approved a final order settling charges against an Iowa-based auto dealer software provider that allegedly failed to take reasonable steps to secure consumers’ data, leading to a breach that exposed the personal information of millions of consumers. In its complaint, the FTC alleged that LightYear Dealer […]
FTC Challenges Proposed $1.2 Billion Merger of Title Insurance Providers Fidelity National Financial, Inc. and Stewart Information Services Corporation
The Federal Trade Commission today issued an administrative complaint seeking to block title insurance provider Fidelity National Financial, Inc.’s $1.2 billion acquisition of Stewart Information Services, alleging the merger would substantially reduce competition in state markets for title insurance underwriting for large commercial transactions, and in several local markets for title information services. Title insurance protects […]
Treasury and IRS issue proposed regulations and provide relief for certain tax-exempt organizations
IR-2019-150, September 6, 2019 WASHINGTON — The Internal Revenue Service today issued proposed regulations clarifying the reporting requirements generally applicable to tax-exempt organizations. The proposed regulations reflect statutory amendments and certain grants of reporting relief announced by the Treasury Department and the IRS in prior guidance to help many tax-exempt organizations generally find the reporting requirements […]