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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Adrianne Appel2024-07-09T20:26:00
The Federal Trade Commission (FTC) ordered anonymous messaging app creator NGL Labs and its two founders to pay $5 million for unfairly marketing to children and falsely claiming artificial intelligence (AI) filtered out bullying messages and threats.
The FTC additionally ordered FTG to stop marketing to children under 18, the agency announced in a press release Tuesday.
Created in 2021 by Raj Vir and Joao Figueiredo, the “NGL: ask me anything” app was marketed as a “safe space for teens” and allowed users to receive anonymous messages, including candid and slanderous ones, from friends and contacts. The company engaged in aggressive, coercive marketing tactics toward children, the FTC alleged.
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News and analysis for the well-informed compliance or audit exec. Select an option and click continue.
Annual Membership $499 Value offer
Full price one year membership with auto-renewal.
Membership $599
One-year only, no auto-renewal.
2024-09-20T14:07:00Z By Ian Sherr
The Federal Trade Commission took aim at the business models of some of the world’s largest companies, publishing a years-long study that decried technologies that have created “vast surveillance” networks that expose people to “a host of harms” and violate children’s privacy laws.
2024-07-24T13:19:00Z By Adrianne Appel
Eight large companies, including Mastercard and JPMorgan Chase, have been ordered by the Federal Trade Commission to provide detailed reports about their possibly secret use of artificial intelligence to track customers and use the information to set prices.
2024-06-25T19:42:00Z By Adrianne Appel
Popular children’s mobile game developer Tilting Point Media agreed to pay $500,000 to settle allegations the company illegally collected children’s personal data, a violation under the California Consumer Privacy Act and a federal children’s privacy law.
2024-10-22T21:18:00Z By Adrianne Appel
Precision Toxicology has agreed to pay $27 million to settle allegations first brought by whistleblowers in three cases, that the company billed the federal government for unnecessary drug tests and paid kickbacks to doctors, the Department of Justice (DOJ) said.
2024-10-22T16:08:00Z By Aaron Nicodemus
Fund management company WisdomTree will pay $4 million to settle allegations by the Securities and Exchange Commission that it improperly invested in fossil fuel and tobacco companies in environmental, social and governance (ESG) funds despite promising to avoid them.
2024-10-18T18:10:00Z By Adrianne Appel
A Vietnamese alcohol company has agreed to pay $860,000 to settle allegations by the Office of Foreign Assets Control (OFAC) that its business with North Korea involved U.S. financial institutions.
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