by Seena Gressin Attorney, Division of Consumer and Business Education If you needed yet another nudge to start keeping an eye on your credit report to protect against identity theft, Capital One has delivered it with its announcement that a…

The Securities and Exchange Commission today announced an emergency action charging two individuals with running a pump and dump scheme targeting retail investors. The SEC also obtained an emergency court order freezing the defendants' assets. According to the SEC's complaint,…

The Securities and Exchange Commission today charged AR Capital LLC, its founder Nicholas S. Schorsch, and its former CFO Brian Block with wrongfully obtaining millions of dollars in connection with two separate mergers between real estate investment trusts (REITs) that…

The Securities and Exchange Commission has instituted two related enforcement actions against Nomura Securities International Inc., which has agreed to repay approximately $25 million to customers for its failure to adequately supervise traders in mortgage-backed securities. The SEC orders find…

State Street Bank and Trust Company has agreed to pay over $88 million to settle charges for overcharging mutual funds and other registered investment company clients for expenses related to the firm's custody of client assets. The overcharges included a…

Canon and Toshiba failed to observe the required waiting period in Canon’s $6.1 billion acquisition of Toshiba’s Toshiba Medical Systems Corporation Canon Inc. and Toshiba Corporation have agreed to settle federal charges that the companies violated the premerger notification and…

PGPIC Awards IRGC Construction Firm Hundreds of Millions of Dollars in Contracts WASHINGTON – The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took action today against Iran’s largest and most profitable petrochemical holding group, Persian Gulf…

Oral Roberts University (ORU), based in Tulsa, Oklahoma, will pay $303,502 to resolve allegations under the False Claims Act of submitting false claims to the U.S. Department of Education in violation of the federal ban on incentive-based compensation. Title IV…

As part of The Department of Justice’s ongoing review of legacy antitrust judgments, the Antitrust Division today announced that it has opened a review of its consent decrees with The American Society of Composers, Authors and Publishers (ASCAP) and Broadcast…

WASHINGTON – U.S. Customs and Border Protection (CBP), in partnership with the U.S. Army Corps of Engineers (USACE), has awarded a contract to construct approximately three miles of new bollard wall system on federally owned land within the Rio Grande…

The Department of Justice filed a Statement of Interest today arguing that a proposed class action settlement involving hand soap would afford little value to consumers while handsomely compensating attorneys. Plaintiffs in the case, In re: Dial Complete Marketing &…

UniCredit Group Banks Agree to Pay Over $1.3 Billion for Violating Sanctions UniCredit Bank AG (UCB AG), a financial institution headquartered in Munich, operating under the name HypoVereinsbank, and part of the UniCredit Group has agreed to enter a guilty…