[ad_1] Come the middle of October, however, the SEC had intervened, obtaining a temporary restraining order against the company. The agency said Telegram didn’t register the offering with its office, and since it sees Grams as securities, it accused the company of violating the Securities Act of 1933. Then, in March, the US District Court […]
Category: fine
Canada fines Facebook almost $6.5 million over ‘false’ data privacy claims
[ad_1] In a statement to Reuters, Facebook said it “did not agree” with the finding, but wanted to resolve the matter quickly. “Although we do not agree with the Commissioner’s conclusions, we are resolving this matter by entering into a consent agreement and not contesting the conclusions for the purposes of this agreement,” a spokesperson […]
France threatens large fines and possible jail time for e-bike mods
[ad_1] There are no caveats or loopholes, either — do anything to tune your e-bike for more speed or power and you could feel the wrath of the new law, known as French statutory provision L317-1. The rules also apply to importers, distributors and dealers. As Electrek notes, E-bike speeds are subject to regulation throughout […]
FCC proposes token fines for carriers that sold phone location data
[ad_1] The networks followed a similar pattern, according to the FCC. They sold location access to aggregators that themselves resold access to service providers, with each carrier relying largely on “contract-based assurances” that they’d get permission from customers before accessing that info. As you might have guessed, that didn’t always happen — one Missouri Sheriff, […]
France fines Apple $27 million for slowing down iPhones
[ad_1] Apple has been dogged by the suggestion that it artificially slowed the performance of older iPhones to force users to upgrade. In 2017, the company said that this was true, but claimed the intention wasn’t a cynical method of fattening its bottom line. Instead, these slowdowns were designed to reduce demand on the CPU […]
Brazil hits Facebook with $1.6 million Cambridge Analytica fine
[ad_1] According to Brazil’s Ministry of Justice and Public Security, data belonging to some 443,000 Brazilian users was used for “at the very least, questionable” purposes. Some estimates suggest that up to 87 million people were affected by Facebook’s improper use of data globally — mostly in the US. In the grand scheme of things, […]
France fines Google $167 million over unpredictable advertising rules
[ad_1] Gibmedia manages websites offering everything from weather forecasts to corporate data and directions, and Google claims the company ran deceptive ads. In a statement provided to Engadget, a Google spokesperson said: “People expect to be protected from exploitative and abusive ads and this is what our advertising policies are for. Gibmedia was running ads […]
FTC fines AT&T $60 million for throttling unlimited data plans
[ad_1] As part of the settlement, AT&T customers who signed up for one of the company’s unlimited plans before 2011, the year the carrier first implemented its throttling policy, are entitled to a “partial refunds.” Additionally, moving forward AT&T must disclose whenever its plans include any sort of restrictions. “The disclosures need to be prominent, […]
SEC fines Block.one $24 million for unregistered ICO worth billions
[ad_1] Block.one has agreed to pay the fine, but has neither admitted nor denied the SEC’s findings. The company has also been granted a waiver which means it won’t be subject to any ongoing restrictions that would usually apply to a settlement of this kind. It’s not the first such penalty to be levied by […]
FCC wants to fine CBS for using fake emergency alert in ‘Young Sheldon’
[ad_1] To avoid confusion and to make sure viewers and listeners don’t brush off alerts as false alarms, the agency doesn’t allow EAS tones or simulations of them to be broadcast outside of public service announcements, official tests or genuine emergencies. “CBS’s modifications to the EAS tones did not make broadcasting such tones permissible because […]