Adobe has agreed to a proposed $150 million settlement with the U.S. Department of Justice to resolve allegations that the company’s online subscription practices violated federal consumer protection law, marking one of the most prominent enforcement actions to date involving digital subscription models.
At a meeting of the SEC’s Investor Advisory Committee on Thursday, Commissioner Mark T. Uyeda outlined a set of policy issues that increasingly sit at the intersection of market innovation and regulatory practicality.
Poland’s consumer protection authority has opened formal proceedings against three residential developers following complaints from homebuyers who said they were pressured into accepting new contractual terms after signing purchase agreements.
Thailand’s Securities and Exchange Commission is attempting to tighten oversight of digital asset transfers, opening a public consultation on proposed “Travel Rule” requirements that would require digital asset businesses to collect and transmit detailed transaction information.
Aetna has agreed to pay $117.7 million to resolve allegations that it improperly inflated payments from the federal government by submitting inaccurate diagnosis codes for certain Medicare Advantage enrollees, the U.S. Department of Justice announced Wednesday.
Athletic apparel retailer Lululemon has paid a $455,000 (AUD $702,900) penalty after Australian regulators found the company sent hundreds of thousands of emails containing marketing content without providing recipients with a way to unsubscribe.
The Singapore Police Force and the Monetary Authority of Singapore said they recently conducted a joint enforcement operations against Capital Asia Investments, a firm licensed to provide capital markets services in the city-state. The operation resulted in the arrest of two company directors and the seizure of more than $119 million USD (over S$160 million) held in the firm’s bank and securities accounts.