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US Attorney General Dismisses "Too Big to Jail"

08 May 2014
Written by World Watch

The United States Department of Justice (DoJ) has made available No Company or Individual is "Too Big to Jail" (5 May 2014), a video recording of a speech by Attorney General Eric Holder in which he states that "no individual or company, no matter how large or how profitable, is above the law".

Published in Financial Integrity

The United States (US) Securities and Exchange Commission (SEC) has announced that the New York Stock Exchange, two affiliated exchanges and an affiliated routing broker have agreed to pay US$4.5 million to settle charges that they failed to comply with SEC-approved exchange rules and US federal securities laws.

Published in Financial Integrity

Online television and film subscription service Netflix has met with the United States Federal Communications Commission (FCC) to express its concerns regarding the regulation of online data flows. Reportedly, the discussions have taken place since Netflix agreed to pay fees to certain internet service providers in order to secure the delivery of their online video streams across those providers' networks.

Published in Competition

The United States (US) Equal Employment Opportunity Commission (EEOC) has announced that grocery store franchise Fred Meyer is to pay seven workers a total of US$487,500 and provide them with further relief to settle sexual harassment charges.

The United States (US) Department of Justice (DoJ) has announced that five companies and two individuals have paid a total of almost US$1.9 million to settle allegations that they "misrepresent[ed] their disadvantaged small business status in connection with military construction contracts".

Published in Government Contracting

The United States (US) Attorney's Office for the Southern District of New York (the Office) has announced that the US District Court has sentenced SAC Capital Advisors and other entities associated with affiliated hedge funds known collectively as the SAC Hedge Fund, after they pleaded guilty to insider trading.

Published in Insider Trading

Bank of America (BofA) has announced that it has reached an agreement with the following United States (US) regulators to "resolve issues related to the marketing and sale of credit card debt cancellation products and billing of identity theft protection products, including those marketed and billed by its vendors":

Published in Consumer Protection

The United States (US) Department of Justice (DoJ) has made available the testimony (8 April 2014) of Attorney General Eric Holder before the House of Representatives Committee on the Judiciary. Mr Holder discusses, among other things, the emergence of virtual currencies such as Bitcoin, commenting that they "pose challenges for law enforcement given the appeal they have among those seeking to conceal illegal activity".

Published in Anti-Money Laundering

The United States (US) Department of Labor Occupational Safety and Health Administration (OSHA) has announced that real estate developer Olivet Management (Olivet) faces more than US$2.3 million in proposed fines after having been cited for "exposing [Olivet] employees, as well as employees for 13 contractors, to asbestos and lead hazards during cleanup operations in preparation for a tour of [an Olivet-managed site] by potential investors".

The United States (US) Equal Opportunity Commission (EEOC) has announced that WW Group Inc (Weight Watchers) is to pay US$45,000 and furnish other relief to settle claims that one of its offices breached US federal law by "refus[ing] to hire an applicant as a group leader because she was pregnant".

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