A multinational telecommunications and internet service provider settled charges with the SEC for making materially misleading statements and omissions regarding "cost-of-revenue" in its annual, quarterly and current reports.
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The CFPB asserted that restrictions imposed by dominant operating systems on point-of-sale payment methods may have an "outsized effect" and hurt the development of a "truly open ecosystem."
A manufacturer settled charges for Foreign Corrupt Practices Act violations after a Chinese subsidiary improperly recorded expenses for providing Chinese government officials with overseas travel and entertainment as legitimate business expenses.
The SEC and the DOJ charged three executives of a shipbuilding company for fraudulently overstating revenues and earnings to investors.
Two Florida resorts agreed to settle with the DOJ for conspiring to fraudulently obtain loan funds provided under the Paycheck Protection Program.