Celsius Network used customer funds for operational purposes and high-risk investments. The Federal Trade Commission (FTC) has reached a settlement with cryptocurrency platform Celsius Network, which permanently bans…
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Commerce Department Holds SelectUSA Summit
4,200 attendees network at foreign direct investment event. The Department of Commerce concluded the three-day SelectUSA Summit. More than 4,200 people attended the 2023 conference for foreign direct…
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FCC Issues Disclosure Advisory
Agency reminds companies of the obligation to disclose foreign ownership and investments. A recent Enforcement Advisory was issued by the Federal Communications Commission’s (FCC) Enforcement Bureau to remind…
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U.S. District Judge Sentences Infinity Q Founder to 15 Years
Imprisonment is the result of securities fraud. U.S. District Judge Denise Cote sentenced James Velissaris, the founder of Infinity Q Management, to 15 years of prison for misleading…
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President Vetoes Bill on ESG Investing
The legislation would have reversed the Labor Department rule. “I just vetoed my first bill,” President Biden announced Monday. The Labor Department had previously issued a rule allowing…
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Regulators Tell TikTok Owner to Sell or Be Banned
The company says it wants to resolve the issue. The Committee on Foreign Investment in the United States (CFIUS), a regulatory arm of the federal government that oversees…
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Half the States Sue to Stop ESG Rule
The rule involves state 401(k) investment funds. The attorney general of Utah is leading a coalition of 25 states in a suit that seeks to stop a rule…
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U.S. Endorses South Africa Energy Transition Plan
The investment plan receives continued support at COP27. At the 27th Conference of the Parties (COP27) of the United Nations Framework Convention on Climate Change, Climate Envoy John…
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Administration Expands Made In America Requirements
Federal procurements need to be 60 percent domestic. President Biden’s administration announced it will increase requirements for federally-procured goods to be sourced domestically, a step officials say will…
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Average 401(k) Down $34,000 This Year
Americans have experienced more than $2 trillion in losses. New economic research has found that the average person’s 401(k) has lost some $34,000 in value since the beginning…
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