WASHINGTON, D.C. — The Commodity Futures Trading Commission has filed a complaint in the U.S. District Court for the Southern District of New York against Kenneth Newcombe of California, the former chief executive officer and majority shareholder of a Washington,…

WASHINGTON—The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a Notice of Proposed Rulemaking to combat and deter money laundering in the U.S. residential real estate sector by increasing transparency. The proposed rule would require certain professionals…

Existing Companies Have One Year to File; New Companies Must File Within 90 Days of Creation or Registration WASHINGTON -- The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) began accepting beneficial ownership information reports. The bipartisan Corporate…

The Arizona Corporation Commission Corporations’ Division celebrates a groundbreaking achievement in its collaboration with the National Historical Publications and Records Commission. Originally setting a goal to digitize 3.5 million microfiche images from 1912-1980, the project has successfully digitized over 4…

A married couple from New York City pleaded guilty today to money laundering conspiracies arising from the hack and theft of approximately 120,000 bitcoin from Bitfinex, a global cryptocurrency exchange. Ilya Lichtenstein, 35, and Heather Morgan, 33, were arrested in…

Fitch Ratings - London - Fitch Ratings has downgraded the United States of America's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'AA+' from 'AAA'. The Rating Watch Negative was removed and a Stable Outlook assigned. The Country Ceiling has been…

Federal Judge Issues Permanent Injunction and Orders Registration, Trading Bans Washington, D.C. — The Commodity Futures Trading Commission today filed a civil enforcement action in the U.S. District Court for the Northern District of California charging William Koo Ichioka, a…

By Lesley Fair Senior Attorney, Division of Consumer and Business Education, FTC For many people, buying a franchise has proven to be a good choice, but like any other financial decision, there is no one-size-fits-all answer to the question “Is…

The CFPB issued an Interim Final Rule related to the LIBOR transition. The 2023 LIBOR Transition Interim Final Rule updates the CFPB’s previous 2021 LIBOR Transition Rule to make changes consistent with the Adjustable Interest Rate Act of 2021 (LIBOR…

Proposed court orders would also require close vetting of high-risk clients The Federal Trade Commission has acted to stop Nexway, a multinational payment processing company, along with its CEO and chief strategy officer, from serving as a facilitator for the…

Genotox Laboratories Ltd., of Austin, Texas, has agreed to pay at least $5.9 million to resolve False Claims Act allegations that it paid volume-based commissions to third party marketers in violation of the Anti-Kickback Statute and submitted claims to federal…

NEWARK, NJ. – A former partner at a New Jersey broker-dealer firm was arrested and charged with engaging in an insider trading scheme that netted millions of dollars in illegal trading profits. Christopher Matthaei, 44, of Brielle, New Jersey, is…