Meta has agreed to pay up to $18 billion and overhaul teen safety features on Facebook and Instagram as part of a settlement with 47 states, the District of Columbia, and U.S. territories.
United States
Posted inRegulatory Policy
Deloitte agrees to pay U.S. government $21.5 million to settle alleged DEI discrimination
Professional services firm Deloitte has agreed to pay the U.S. government $21.5 million to settle a case alleging that the firm’s employment practices were discriminatory.
Posted inRegulatory Enforcement
Enforcement activity over Hart-Scott-Rodino Act violations heating up
The biggest takeaway from the fiscal year 2025 Hart-Scott-Rodino Annual Enforcement report was not the number of merger transactions reported, which has remained steady, but the value of the transactions themselves.
Posted inSanctions
Inconsistent sanctions programs leave compliance struggling, while shadow fleet ships slip beneath the radar
Russian “shadow-fleet” ships are using simple tactics to evade sanctions from the U.S., U.K, and EU.
Posted inTechnology
CFTC invokes emergency authority to keep Kalshi operating amid New York lawsuit
The CFTC invoked its emergency authority to order Kalshi to keep operating, after the company notified the agency of a market emergency triggered by New York’s lawsuit against it.
Posted inRegulatory Enforcement
SFO and U.S. authorities investigate collapsed telecoms firm IMC
The U.K.’s Serious Fraud Office has announced that it has launched an investigation into suspected fraud, false accounting and money laundering at telecoms firm Internet Mobile Communications Limited.
Posted inRegulatory Policy
FTC pares back disparate impact
In a break with decades of policy, the U.S. Federal Trade Commission (FTC) will end disparate impact consideration in almost all cases.
Posted inBanking
Deutsche Bank, Bank of America delayed flagging $420M in Epstein-linked transactions, Senator’s report says
Deutsche Bank and Bank of America took years to report more than $420 million in suspicious transactions connected to Jeffrey Epstein, according to a new report from Sen. Ron Wyden (D-Ore.), ranking member of the Senate Finance Committee.
Posted inRegulatory Enforcement
New York is the latest state to sue Kalshi for hosting an illegal gambling operation
New York Attorney General Letitia James sued prediction market platform Kalshi on July 31, alleging the company has been operating an unlicensed gambling business in violation of state law. The lawsuit is the latest legal challenge facing Kalshi, which is already battling several other states as courts determine what regulations, if any, the company must follow.
Posted inFinancial Services
In enforcement action against broker-dealer, SEC deems monthly compliance check with net capital rule not good enough
Texas broker-dealer Hext Capital Partners and its owner and chief executive officer, Gregory Hext, have agreed to pay $60,000 to settle allegations that the firm violated the net capital requirements of the Securities Exchange Act.
