The European Commission said the Silicon Valley companies violated the Digital Markets Act, a law meant to crimp the power of the largest tech firms.
Category: Fines (Penalties)
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Trump Commutes Ozy Media Founder’s Sentence Just Before His Surrender
Carlos Watson, who started the now-defunct digital media company, had been sentenced to almost 10 years in prison for trying to defraud investors and lenders.
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Trump Pardons Trevor Milton, Founder of Bankrupt Truck Maker Nikola
President Trump’s intervention came while Mr. Milton was appealing his conviction on securities and wire fraud charges.
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Crypto Trader OKX Pleads Guilty to Running Illegal U.S. Operation
Federal prosecutors said OKX, based in Seychelles, violated anti-money laundering laws for years. The company agreed to pay more than $500 million in fines and penalties.
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Tesla and Chinese Carmakers Could Reap Billions From EU Emissions Rules
European carmakers are urging Brussels to ease regulations to help them avoid buying carbon credits from rivals at increasingly high prices.
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Rohit Chopra of CFPB Expected Trump to Fire Him Right Away, but He’s Hanging On
Mr. Chopra, long a target of criticism by Republican lawmakers and banks, has not yet been forced out. “I swore an oath to a five-year term,” he said this week.
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Vanguard to Pay $106 Million in Restitution to Retirement Fund Investors
An investigation by the S.E.C. and several states found that the company had failed to notify investors of changes in the terms of some funds, leading to higher capital gains taxes.
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Cash App Ordered to Pay $255 Million in Penalties Over Fraud
The transfer-money app, owned by Jack Dorsey’s Block, racked up a hefty bill of fines and restitution for what federal regulators called “woefully incomplete” customer protections.
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Toyota Truck Unit Will Pay $1.6 Billion to Settle Emissions Fraud Case
Hino Motors, a Toyota subsidiary, will plead guilty to conspiracy charges and pay penalties for deceiving regulators about its diesel engines, the E.P.A. said.
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U.S. Sues Southwest Airlines Over Chronic Delays
The Transportation Department said in a lawsuit that two of the airline’s routes were consistently delayed in violation of federal rules.
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Robinhood to Pay $45 Million Fine to Settle SEC Charges
The upstart brokerage agreed to pay the Securities and Exchange Commission for failing to protect sensitive customer data, among other infractions.