Agency required divestiture as condition of Red Ventures’ acquisition of Bankrate The Federal Trade Commission has approved an application by Red Ventures to divest Caring.com, a subsidiary of Bankrate, to Caring Holdings, LLC, a newly formed company backed by a…

Secretary of Commerce Wilbur L. Ross, Jr. today announced that the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) has imposed a denial of export privileges against Zhongxing Telecommunications Equipment Corporation, of Shenzhen, China (“ZTE Corporation”) and ZTE…

Proposed Sale Would Offer Nearly 390,000 Acres WASHINGTON – In support of the President's “America-First Offshore Energy Strategy,” U.S. Secretary of the Interior Ryan Zinke announced the proposed lease sale for two additional areas offshore Massachusetts for commercial wind energy…

The Securities and Exchange Commission announced charges against Wedbush Securities Inc. for failing to supervise employee Timary Delorme after the broker-dealer ignored numerous red flags indicating that Delorme was involved in a long-running pump-and-dump scheme targeting retail investors. Delorme agreed…

The Securities and Exchange Commission has charged a California-based energy storage and power delivery product manufacturer and one of its former sales executives in a fraudulent revenue recognition scheme designed to inflate the company’s reported financial results. According to the…

The Securities and Exchange Commission has settled an action against Canada-based Kinross Gold Corporation for Foreign Corrupt Practices Act violations arising from the company’s repeated failure to implement adequate accounting controls of two African subsidiaries. According to the SEC’s order…

Complaint alleges publisher invited competitor to collude Oregon Lithoprint Inc., owner of the News-Register, a twice-weekly community newspaper based in Yamhill, Oreg., has agreed to settle FTC charges that it invited a competitor to collude in an arrangement to divide…

The Securities and Exchange Commission has charged a penny stock promoter based in Florida with defrauding investors in a pair of gold mining stocks by secretly amassing shares before touting the companies publicly. He allegedly sold the bulk of his…

The Securities and Exchange Commission has settled charges against an Austin, Texas-based investment adviser for defrauding his clients through a “cherry-picking” scheme. The adviser, Robert Mark Magee, who is the principal, sole owner, and sole employee of Valor Capital Asset…

The Securities and Exchange Commission today charged two investment adviser subsidiaries of Voya Holdings Inc. with failing to disclose conflicts of interest and making misleading disclosures in connection with their practice of recalling securities on loan so their affiliates could…

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (Bureau) today issued a final rule to help mortgage servicers communicate with certain borrowers facing bankruptcy. The final rule gives mortgage servicers more latitude in providing periodic statements to consumers entering or…

The Securities and Exchange Commission today announced settled charges against Merrill Lynch, Pierce, Fenner & Smith Inc. for its failure to perform required gatekeeping functions in the unregistered sales of securities on behalf of a China-based issuer and its affiliates.…