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
Regulatory Actions
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
FTC and 18 States Sue to Stop Harris Jewelry from Cheating Military Families with Illegal Financing and Sales Tactics
The Federal Trade Commission and a group of 18 states sued national jewelry retailer Harris Jewelry to stop the company from cheating military families with illegal financing and sales practices. According to the complaint, the jewelry company deceptively claimed that financing jewelry purchases through Harris would raise servicemembers’ credit scores, misrepresented that its … [Read more...] about FTC and 18 States Sue to Stop Harris Jewelry from Cheating Military Families with Illegal Financing and Sales Tactics
SEC Charges Former Coinbase Manager, Two Others in Crypto Asset Insider Trading Action
The Securities and Exchange Commission today announced insider trading charges against a former Coinbase product manager, his brother, and his friend for perpetrating a scheme to trade ahead of multiple announcements regarding certain crypto assets that would be made available for trading on the Coinbase platform. The SEC’s complaint alleges that, while employed at Coinbase, … [Read more...] about SEC Charges Former Coinbase Manager, Two Others in Crypto Asset Insider Trading Action