According to the New York Times, the SEC fined cryptocurrency lending firm Nexo for violating federal securities law. Questions: Source: Yaffe-Bellany, D. (2023) Crypto Lender Nexo Is Fined $45 Million as Crackdown Widens. The New York Times, Jan. 19 (Retrievable online at https://www.nytimes.com/2023/01/19/business/nexo-sec-crypto-fined.html?)
Posts Tagged: violations
Piece-Rate Work or Overtime Violations
According to the Miami Herald, a Florida air-conditioning company has been taken to court for the seventh time since 1995 for failing to pay its employees what they are owed. Questions: What is the name of the company and where are they headquartered? What Act have they violated? What agency brings forth the violation suit?… Read more »
BrewRight? A trade secret?
According to the Wall Street Journal, Anheuser-Bush InBev SA, the world’s largest brewer, has developed a machine-learning technology that can identify risky business partners and potentially illegal payments. Questions: How does the analytics platform, named Brew Right, proactively monitor legal risks and prevent violations? How do companies typically examine the compliance practices of acquired businesses?… Read more »