Government
FTC Proposes Rule to Ban Junk Fees
October 11th, 2023
Proposed rule would prohibit hidden and falsely advertised fee Washington D.C. / CRWE PRESS RELEASE / October 11, 2023 - The Federal Trade Commission today announced a new proposed rule to prohibit junk fees, which are hidden . Read more
President Biden Condemns Terrorist Attacks in Israel, Pledges Unwavering Support
October 07th, 2023
In response to the recent terrorist attacks in Israel orchestrated by Hamas, President Biden expressed his strong condemnation of the violence and assured unwavering support for Israel. He emphasized that the United States stands firmly with Israel i. Read more
President Biden: "Bidenomics" Drives Record-Low Unemployment
October 06th, 2023
President Joe Biden highlighted the economy's recent performance, sharing that the U.S. economy added 336,000 jobs in September, bringing the total job creation to 13.9 million since he took office. He emphasized that these jobs are not just paycheck. Read more
President Joe Biden's Relief: Government Averts Shutdown, Ukraine Support Remains a Concern
October 01st, 2023
President Joe Biden expressed relief as bipartisan majorities in the House and Senate successfully voted to avert a government shutdown, sparing millions of Americans from unnecessary hardship. This legislation guarantees the continued payment of act. Read more
FTC Sues Amazon for Illegally Maintaining Monopoly Power
September 27th, 2023
Amazon’s ongoing pattern of illegal conduct blocks competition, allowing it to wield monopoly power to inflate prices, degrade quality, and stifle innovation for consumers and businesses Washington D.C. / CRWE PRESS RELEASE / September 26, 2. Read more
FTC to Host Virtual Roundtable on AI and Content Creation
September 22nd, 2023
The October 4 event will focus on impact of generative AI on creative fields Washington D.C. / CRWE PRESS RELEASE / September 22, 2023 - The Federal Trade Commission staff will be hosting a virtual roundtable discussion on October 4, 20. Read more
President Biden: Auto Workers Deserve Fair Compensation
September 15th, 2023
President Joe Biden addressed the ongoing auto strike and contract negotiations between the United Auto Workers (UAW) and the Big 3 auto companies: Ford Motor Company (NYSE: F), General Motors Company (NYSE: GM), and Stellantis N.V. (NYSE: STLA). He . Read more
FTC Says TruthFinder, Instant Checkmate Deceived Users About Background Report Accuracy, Violated FCRA While Marketing Reports for Employee and Tenant Screening
September 11th, 2023
Under proposed order, companies will pay $5.8 million penalty, implement FCRA monitoring program Washington D.C. / CRWE PRESS RELEASE / September 11, 2023 - The Federal Trade Commission will require background report providers TruthFind. Read more
Administrative Law Judge Issues Initial Decision in FTC’s Case Against Intuit Inc.
September 08th, 2023
Order bars company from engaging in deceptive practices in the future Washington D.C. / CRWE PRESS RELEASE / September 8, 2023 - In an initial decision announced today, the Federal Trade Commission’s Chief Administrativ. Read more
Biopharmaceutical Giant Amgen to Settle FTC and State Challenges to its Horizon Therapeutics Acquisition
September 01st, 2023
Amgen will be prohibited from leveraging its drug portfolio to disadvantage rivals and will be required to seek prior approval before acquiring related products Washington D.C. / CRWE PRESS RELEASE / September 1, 2023 - The Federal Tra. Read more
FTC, State Partners Secure Proposed Order Banning Roomster and Owners from Using Deceptive Reviews
August 28th, 2023
Roomster used fake reviews, phony listings to lure consumers to its platform, according to FTC, states Washington D.C. / CRWE PRESS RELEASE / August 28, 2023 - The Federal Trade Commission will permanently ban Roomster Corp. and its ow. Read more
U.S. Department of the Treasury, IRS Release Proposed Regulations on Sales and Exchanges of Digital Assets by Brokers
August 25th, 2023
Treasury to solicit public input, feedback on the proposed regulations Washington D.C. / CRWE PRESS RELEASE / August 25, 2023 - As part of the Biden-Harris Administration’s implementation of the bipartisan Infrastructure Investment and . Read more
SEC Charges Former Attorney at U.S.-Based Global Law Firm with Insider Trading
August 23rd, 2023
Visiting attorney at the Washington, D.C. office of law firm used access to confidential client info to make illegal profits FOR IMMEDIATE RELEASE 2023-158 Washington D.C. / CRWE PRESS RELEASE / Aug. 23, 2023 - The Securities and Ex. Read more
IRS: Hawaii wildfire victims qualify for tax relief; Oct. 16 deadline, other dates postponed to Feb. 15
August 18th, 2023
Washington D.C. / CRWE PRESS RELEASE / Aug. 18, 2023 - The Internal Revenue Service today announced expansive tax relief for Hawaii wildfire victims in Maui and Hawaii counties. These taxpayers now have until Feb. 15, 2024, to file variou. Read more
FTC Acts to Prevent Interlocking Directorate Arrangement, Anticompetitive Information Exchange in EQT, Quantum Energy Deal
August 16th, 2023
Agency obtains innovative structural relief that preserves competition in the Appalachian Basin natural gas market following private equity-led deal Washington D.C. / CRWE PRESS RELEASE / August 16, 2023 - The Federal Trade Commission today t. Read more
SEC Charges UK Audit Firm, CEO, and Senior Auditor for Failures in Connection with De-SPAC Transaction
August 14th, 2023
FOR IMMEDIATE RELEASE 2023-152 Washington D.C. / CRWE PRESS RELEASE / Aug. 14, 2023 - The Securities and Exchange Commission today charged Crowe U.K. LLP, a London based audit firm, its CEO, Nigel Bostock, and senior auditor, Matthew S. Read more
Crypto Asset Trading Platform Bittrex and Former CEO to Settle SEC Charges for Operating an Unregistered Exchange, Broker, and Clearing Agency
August 10th, 2023
Bittrex Global GmbH also settles charges for failing to register as a national securities exchange FOR IMMEDIATE RELEASE 2023-150 Washington D.C. / CRWE PRESS RELEASE / Aug. 10, 2023 - The Securities and Exchange Commission today an. Read more
SEC Charges 11 Wall Street Firms with Widespread Recordkeeping Failures
August 08th, 2023
Firms admit to wrongdoing and agree to pay penalties totaling $289 million FOR IMMEDIATE RELEASE 2023-149 Washington D.C. / CRWE PRESS RELEASE / Aug. 8, 2023 - The Securities and Exchange Commission today announced charges against 1. Read more
SEC Obtains Emergency Relief to Halt Utah-Based Company's Crypto Asset Fraud Scheme Involving 18 Defendant
August 03rd, 2023
FOR IMMEDIATE RELEASE 2023-146 Washington D.C. / CRWE PRESS RELEASE / Aug. 3, 2023 - The Securities and Exchange Commission today announced that it obtained a temporary asset freeze, restraining order, and other emergency relief agains. Read more
SEC Charges Hex Founder Richard Heart with Misappropriating Millions of Dollars of Investor Funds from Unregistered Crypto Asset Securities Offerings that Raised more than $1 Billion
July 31st, 2023
FOR IMMEDIATE RELEASE 2023-143 Washington D.C. / CRWE PRESS RELEASE / July 31, 2023 - The Securities and Exchange Commission today charged Richard Heart (aka Richard Schueler) and three unincorporated entities that he controls, Hex, Pu. Read more
SEC Charges Investor Joseph C. Lewis and Associates with Insider Trading
July 26th, 2023
Lewis tipped his then-girlfriend and private jet pilots with material nonpublic information FOR IMMEDIATE RELEASE 2023-138 Washington D.C. / CRWE PRESS RELEASE / July 26, 2023 - The Securities and Exchange Commission today charged i. Read more
Justice Department Files Complaint Against the State of Texas for Illegally Placing Floating Buoy Barrier in the Rio Grande
July 24th, 2023
For Immediate Release Office of Public Affairs Washington D.C. / CRWE PRESS RELEASE / July 24, 2023 - The Justice Department today filed a civil complaint against the State of Texas because the state has built a floating barrier, consisting of bu. Read more
SEC Charges Digital World SPAC for Material Misrepresentations to Investors
July 20th, 2023
FOR IMMEDIATE RELEASE 2023-135 Washington D.C. / CRWE PRESS RELEASE / July 20, 2023 - The Securities and Exchange Commission today announced settled fraud charges against Digital World Acquisition Corporation (DWAC), a special purpose . Read more
FTC and DOJ Seek Comment on Draft Merger Guidelines
July 19th, 2023
Proposed guidelines would address the many ways mergers can weaken competition, harming consumers, workers, and businesses Washington D.C. / CRWE PRESS RELEASE / July 19, 2023 - Today, the Federal Trade Commission and the Departm. Read more
FDA Approves First Nonprescription Daily Oral Contraceptive
July 13th, 2023
Silver Spring, MD / CRWE PRESS RELEASE / July 13, 2023 - Today, the U.S. Food and Drug Administration approved Opill (norgestrel) tablet for nonprescription use to prevent pregnancy— the first daily oral contraceptive approved for us. Read more
SEC Charges Merrill Lynch and Parent Company for Failing to File Suspicious Activity Reports
July 11th, 2023
FOR IMMEDIATE RELEASE 2023-128 Washington D.C. / CRWE PRESS RELEASE / July 11, 2023 - The Securities and Exchange Commission today announced charges against Merrill Lynch, Pierce, Fenner & Smith Incorporated and its parent. Read more
SEC Charges Former Army Financial Counselor Who Defrauded Gold Star Family Members
July 07th, 2023
FOR IMMEDIATE RELEASE 2023-127 Washington D.C. / CRWE PRESS RELEASE / July 7, 2023 - The Securities and Exchange Commission today charged former U.S. Army financial counselor Caz L. Craffy for defrauding Gold Star family members and others b. Read more
FDA Converts Novel Alzheimer’s Disease Treatment to Traditional Approval
July 06th, 2023
Action Follows Confirmatory Trial to Verify Clinical Benefit Silver Spring, MD / CRWE PRESS RELEASE / July 06, 2023 - Today, the U.S. Food and Drug Administration converted Leqembi (lecanemab-irmb), indicated to treat adult p. Read more
FDA, FTC Warn Six Companies for Illegally Selling Copycat Food Products Containing Delta-8 THC
July 05th, 2023
Silver Spring, MD / CRWE PRESS RELEASE / July 05, 2023 - Today, the U.S. Food and Drug Administration and the Federal Trade Commission issued warning letters to six companies for illegally selling copycat food products containing Delta-8 . Read more
Commission Order Vacates ALJ Initial Decision and Dismisses Complaint in Case Against Altria and Juul
July 03rd, 2023
Order Clarifies Points of Law in ALJ Initial Decision Washington D.C. / CRWE PRESS RELEASE / July 3, 2023 - On Friday, June 30, 2023, the Federal Trade Commission vacated the Administrative Law Judge’s (ALJ) initial decision&. Read more
FTC Files Amended Complaint Charging that Walmart Facilitated Scams Through Its Money Transfer Services That Fleeced Customers Out of Hundreds of Millions
July 01st, 2023
Washington D.C. / CRWE PRESS RELEASE / June 30, 2023 - The Federal Trade Commission filed an amended complaint bolstering the agency’s case that Walmart allowed its money transfer services to be used by scammers, who f. Read more
SEC Charges Former Pfizer Statistician with Insider Trading Ahead of COVID-19 Announcement
June 29th, 2023
Employee and friend traded ahead of Pfizer’s “game-changer” announcement on the success of its Paxlovid trial FOR IMMEDIATE RELEASE 2022-123 Washington D.C. / CRWE PRESS RELEASE / June 29, 2023 - The Securities and Exch. Read more
FDA Approves First Cellular Therapy to Treat Patients with Type 1 Diabetes
June 28th, 2023
Silver Spring, MD / CRWE PRESS RELEASE / June 28, 2023 - Today, the U.S. Food and Drug Administration approved Lantidra, the first allogeneic (donor) pancreatic islet cellular therapy made from deceased donor pancreatic cells for the treat. Read more
US Govt's Advisory On Sub-Saharan Africa's Gold Sector: Opportunities & Risks
June 27th, 2023
The U.S. Department of State, the U.S. Department of the Treasury, the U.S. Department of Commerce, the U.S. Department of Homeland Security, the U.S. Department of Labor, and the United States Agency for International Development issued a business r. Read more
US Coast Guard Launches Highest Level of Investigation into Titan Submersible Loss
June 25th, 2023
The U.S. Coast Guard said it has initiated a Marine Board of Investigation (MBI) following the tragic incident involving the Titan submersible and its five occupants. The crew of the Polar Prince research vessel lost communication with the Titan subm. Read more
Justice Department Announces Charges Against China-Based Chemical Manufacturing Companies and Arrests of Executives in Fentanyl Manufacturing
June 23rd, 2023
Four China-Based Precursor Chemical Manufacturing Companies and Eight Executives and Employees Charged in Global Supply Chain Disruption For Immediate Release Office of Public Affairs Washington D.C. / CRWE PRESS RELEASE / June 23, 2023 - . Read more
ROV Discovery: Tail Section of Titan Submersible Located near Titanic
June 23rd, 2023
In the ongoing search for the missing submersible, Titan, near the Titanic wreckage site, the Unified Command has made significant progress. A debris field has been located approximately 1,600 feet off the bow of the Titanic, thanks to the efforts. Read more
The Hunt for Titan: Extensive Search Efforts for Missing Submersible
June 22nd, 2023
The search for the missing submersible, Titan, continues as multiple assets and organizations join forces in the effort. The Canadian Coast Guard, equipped with sonar capabilities, has been actively involved since Wednesday, supported by commercial v. Read more
FTC Takes Action Against Amazon for Enrolling Consumers in Amazon Prime Without Consent and Sabotaging Their Attempts to Cancel
June 21st, 2023
Complaint outlines details of company’s knowing failure to address non-consensual subscriptions and cancellation trickery Washington D.C. / CRWE PRESS RELEASE / June 21, 2023 - The Federal Trade Commission is taking action agains. Read more
SEC Charges Stanley Black & Decker and Former Executive for Failures in Executive Perks Disclosure
June 20th, 2023
Company’s self-reporting and additional cooperation result in partial declination of charges and no civil penalty FOR IMMEDIATE RELEASE 2023-111 Washington D.C. / CRWE PRESS RELEASE / June 20, 2023 — The Securities and Exchan. Read more
SEC Charges Investment Adviser and Principal in Abusive Naked Short Selling Scheme
June 12th, 2023
FOR IMMEDIATE RELEASE 2023-107 Washington D.C. / CRWE PRESS RELEASE / June 12, 2023 — The Securities and Exchange Commission today charged investment adviser Sabby Management LLC and its managing partner, Hal D. Mintz, with fraud in c. Read more
FTC Further Expands Inquiry Into Prescription Drug Middlemen Industry Practices
June 08th, 2023
Agency issues order to additional GPO as it examines the impact of vertically integrated PBMs on prescription drug prices and access Washington D.C. / CRWE PRESS RELEASE / June 8, 2023 - As part of its ongoing study on pharmacy be. Read more
SEC Seeks Emergency Relief to Ensure Binance.US Customers’ Assets are Protected
June 07th, 2023
FOR IMMEDIATE RELEASE 2023-103 Washington D.C. / CRWE PRESS RELEASE / June 6, 2023 — The Securities and Exchange Commission today filed an emergency action application seeking a temporary restraining order freezing assets, d. Read more
SEC Charges Coinbase for Operating as an Unregistered Securities Exchange, Broker, and Clearing Agency
June 06th, 2023
Coinbase also charged for the unregistered offer and sale of securities in connection with its staking-as-a-service program. FOR IMMEDIATE RELEASE 2023-102 Washington D.C. / CRWE PRESS RELEASE / June 6, 2023 — The Securities and Ex. Read more
SEC Files 13 Charges Against Binance Entities and Founder Changpeng Zhao
June 05th, 2023
Charges include operating unregistered exchanges, broker-dealers, and clearing agencies; misrepresenting trading controls and oversight on the Binance.US platform; and the unregistered offer and sale of securities. FOR IMMEDIATE RELEASE 2023-101 . Read more
The U.S. National Strategy to Counter Antisemitism: Key Actions by Pillar
June 03rd, 2023
JUNE 02, 2023 - The Biden-Harris Administration released the U.S. National Strategy to Counter Antisemitism on May 25, 2023. The strategy outlines a whole-of-society approach to tackle the scourge of antisemitism in America.. Read more
FTC Finalizes Order Against Motocross and ATV Parts Maker Cycra for False Made in USA Claims
June 02nd, 2023
Washington D.C. / CRWE PRESS RELEASE / June 2, 2023 - The Federal Trade Commission has finalized its order against motocross and ATV parts maker Cycra and its officer, Chad James, for falsely claiming that the company&rsquo. Read more
FTC and DOJ Charge Amazon with Violating Children’s Privacy Law by Keeping Kids’ Alexa Voice Recordings Forever and Undermining Parents’ Deletion Requests
May 31st, 2023
Proposed order to require Amazon to pay $25 million and delete children’s data, geolocation data, and other voice recordings Washington D.C. / CRWE PRESS RELEASE / May 31, 2023 - The Federal Trade Commission and the Department of. Read more
FDA Conducts Retailer Inspection Blitz, Cracks Down on Illegal Sales of Popular Disposable E-cigarettes
May 31st, 2023
Washington D.C. / CRWE PRESS RELEASE / May 31, 2023 - Today, the U.S. Food and Drug Administration issued warning letters to 30 retailers, including one distributor, for illegally selling unauthorized tobacco products. The unauth. Read more
Former Coinbase Manager and His Brother Agree to Settle Insider Trading Charges Relating to Crypto Asset Securities
May 30th, 2023
FOR IMMEDIATE RELEASE 2023-98 Washington D.C. / CRWE PRESS RELEASE / May 30, 2023 — The Securities and Exchange Commission today announced that former Coinbase product manager Ishan Wahi and his brother, Nikhil Wahi, agreed to settle . Read more
FTC Approves Final Order Requiring Mastercard to Stop Blocking the Use of Competing Debit Payment Networks
May 30th, 2023
Washington D.C. / CRWE PRESS RELEASE / May 30, 2023 - Following a public comment period, the Federal Trade Commission finalized a consent order settling charges that Mastercard used illegal business tactics to force merchant. Read more
Statement Regarding the Termination of Boston Scientific Corporation’s Attempted Acquisition of a Majority Stake in M.I. Tech Co., Ltd.
May 24th, 2023
Washington D.C. / CRWE PRESS RELEASE / May 24, 2023 - In response to the announcement that Boston Scientific Corporation and non-vascular stent manufacturer M.I. Tech Co., Ltd. have terminated their $230 million purchase agreement, Federal. Read more
SEC Shuts Down WeedGenics $60 Million Cannabis Offering Fraud
May 24th, 2023
FOR IMMEDIATE RELEASE 2023-97 Washington D.C. / CRWE PRESS RELEASE / May 23, 2023 — The Securities and Exchange Commission obtained an emergency order to halt an alleged ongoing offering fraud and Ponzi-like scheme by Int. Read more
FTC Suit Leads to $16.7 Million Judgment Against Principals and Celebrity Endorsers of Real Estate Investment Training Program
May 22nd, 2023
Court order agreed to by principals permanently bans them from selling “wealth creation” programs Washington D.C. / CRWE PRESS RELEASE / May 22, 2023 - As a result of a lawsuit filed by the Federal Trade Commission and the U. Read more
Justice Department Statements on District Court Ruling Enjoining American Airlines and JetBlue’s Northeast Alliance
May 20th, 2023
Washington D.C. / CRWE PRESS RELEASE / May 19, 2023 - Attorney General Merrick B. Garland and Assistant Attorney General Jonathan Kanter for the Justice Department’s Antitrust Division issued the following statements today regarding . Read more
Mellissa Campbell Duru Named Division of Corporation Finance’s Deputy Director for Legal and Regulatory Policy
May 19th, 2023
FOR IMMEDIATE RELEASE 2023-96 Washington D.C. / CRWE PRESS RELEASE / May 19, 2023 - The Securities and Exchange Commission today announced that Mellissa Campbell Duru has been named Deputy Director for Legal and Regulatory Policy in t. Read more
FTC Warns About Misuses of Biometric Information and Harm to Consumers
May 18th, 2023
Agency issues policy statement addressing emerging technologies that might harm consumers and violate the FTC Act Washington D.C. / CRWE PRESS RELEASE / May 18, 2023 - The Federal Trade Commission today issued a warning that the increasi. Read more
FTC Proposes Amendments to Strengthen and Modernize the Health Breach Notification Rule
May 18th, 2023
Proposed changes would underscore the rule’s applicability to health apps and other evolving technologies Washington D.C. / CRWE PRESS RELEASE / May 18, 2023 - The Federal Trade Commission is seeking comment on proposed changes to . Read more
FTC to Host Workshop Examining Issues Related to Proposed Changes to the Funeral Rule
May 17th, 2023
Washington D.C. / CRWE PRESS RELEASE / May 17, 2023 - The Federal Trade Commission will hold a public workshop on September 7, 2023 seeking input on proposed changes to the Funeral Rule. The Commission issued an Advance Noti. Read more
SEC Charges 10 Microcap Companies with Securities Offering Registration Violations
May 16th, 2023
FOR IMMEDIATE RELEASE 2023-94 Washington D.C. / CRWE PRESS RELEASE / May 16, 2023 — The Securities and Exchange Commission today announced charges against 10 microcap companies for offering and selling securities in unregistered . Read more
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