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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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