Edwards Lifesciences Corp. will pay a $10 million penalty and create and maintain an antitrust compliance program under a pending agreement with the FTC for failing to notify the commission about its acquisition of JC Medical from Genesis MedTech Group.
Top Stories
Posted inRegulatory Policy
U.K. set to ramp up consumer protection against price gouging
Companies risk finding that commercially sensitive information about their pricing strategies could be made public if competition authorities and other regulators believe they have unduly hiked prices to take advantage of a spike in customer demand due to a crisis.
Posted inRegulatory Policy
By creating a new AI and exams position, SEC may be ramping up Marketing Rule enforcement
The SEC has created a new position on AI and examinations for broker-dealers and investment advisers. The move should signal to regulated entities that the SEC may begin applying more sophisticated AI tools to scour advertisements made by firms for false or misleading claims
Posted inBest Practices
Regulators are likely to pass laws on AI use in healthcare. Here’s how to prepare
Artificial intelligence tools hold breathtaking potential in the healthcare ecosystem.
Posted inFinancial Services
Lawyers warn U.K. financial firms to prepare for faster regulatory changes with less consultation
The U.K. government is giving the financial and banking regulators more flexibility to make regulations without submitting these to a full consultation process.
Posted inData Privacy
GDPR 10 years on: Differences in regulatory enforcement still problematic
In the decade since the EU’s groundbreaking privacy legislation, the GDPR was approved, companies have faced increased scrutiny over the reasons they collect, retain, and share personal information, as well as the measures they take to ensure its security.
Posted inRegulatory Enforcement
U.K. regulator fines Virgin Media $38 million for repeat competition offense
Virgin Media has been fined a record $37.5 million for making it unreasonably difficult for customers to close accounts or switch to a better telecoms deal.
Posted inTop Stories
Former AstraZeneca due diligence member settles insider trading allegations
A former AstraZeneca employee and member of a company due diligence team has agreed to settle insider trading charges brought by the Securities and Exchange Commission (SEC). Weiguo Zhai allegedly engaged in illegal insider trading prior to AstraZeneca’s announcement in 2023 that it would acquire Icosavax. Zhai was a member of the due diligence […]
Posted inSanctions
Sanctions penalty for Scottish energy company marks ‘new era’ of sanctions enforcement
A Scottish energy company has become the first to be named by the U.K. customs and excise authority for breaching Russian sanctions rules.
Posted inArtificial Intelligence
Companies risk violating data, consumer laws over agentic AI use
Companies are at increased risk of violating Europe’s tough privacy laws because boards have little awareness of the different types of AI or their inherent risks. While many organizations are more familiar with predictive and conversational AI tools, such as chatbots that carry little or no discernible risk, they have not grasped that generative AI—and especially agentic AI—are different animals.
