Recently we informed you of an alleged Ponzi scheme being promoted by notoriously infamous former Lyoness promotors in Australia, it is now public knowledge that numerous Government Regulatory authorities have issued warnings and filed cease and desist applications against GS Partners in various jurisdictions around the world. We note that the Australian Government … [Read more...] about GS Partners Found To Be Operating Illegally In USA, Canada And Other Countries
Regulatory Actions
SEC Proposes Amendments to Shareholder Proposal Rule
The Securities and Exchange Commission today proposed amendments to the rule that governs the process for including shareholder proposals in a company’s proxy statement. Under Rule 14a-8, companies generally must include shareholder proposals in their proxy statements. The rule, however, provides several bases for exclusion, including several substantive requirements that … [Read more...] about SEC Proposes Amendments to Shareholder Proposal Rule
FTC says companies’ warranty restrictions were illegal
Sometimes good gizmos go bad. If the gizmo — whether a motor vehicle, home appliance, or other consumer product — is under warranty, you may want to bring it to the dealer for repair. Or, you may prefer an independent repair shop or a DIY solution. The FTC says the choice is yours, and companies that void your warranty for choosing an independent shop or fixing it yourself may … [Read more...] about FTC says companies’ warranty restrictions were illegal
FTC Details Enforcement Actions to Crack Down on Fraud Against the Military Community Before House Oversight Subcommittee
The Federal Trade Commission testified before the House Committee on Oversight and Reform Subcommittee on National Security today about the aggressive action the agency is taking to crack down on fraud and related threats against servicemembers and the broader military community. Testifying on behalf of the Commission, the Associate Director of the FTC’s Division of Financial … [Read more...] about FTC Details Enforcement Actions to Crack Down on Fraud Against the Military Community Before House Oversight Subcommittee
Statement of Commissioner Caroline D. Pham on SEC v. Wahi
“[I]n the words of Federalist No. 49, ‘The people are the only legitimate fountain of power, and it is from them that the constitutional charter . . . is derived.' Government is and should be the servant of the people, and it should be fully accountable to them for the actions which it supposedly takes on their behalf.” (H.R. Rep. No. 94-880 (Pt. 1), reprinted in 1976 … [Read more...] about Statement of Commissioner Caroline D. Pham on SEC v. Wahi