EU Watchdog Eyes Crackdown on Misleading Ads for Online Financial Services

Fourth EstateThe European Securities and Markets Authority (ESMA),

The European Union’s securities watchdog proposed on Friday that regulators should have more powers to scrutinize financial services to protect retail investors from misleading marketing strategies. The European Securities and Markets Authority (ESMA) gave recommendations to the EU’s executive European …

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Europe Targets Big Tech With Digital Markets Act

Fourth EstateIphone with Social Media Apps - Unsplash/dole777

European lawmakers on Thursday have agreed on new sweeping legislation that will regulate the market power of tech giants like Google, Amazon and Facebook. The Digital Markets Act (DMA), proposed by the EU’s antitrust chief Margrethe Vestager, targets what it …

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Biden Administration to Release Executive Order on Cryptocurrencies

The Biden administration is preparing to release an executive order to outline a government-wide strategy to regulate cryptocurrencies, according to reports. According to several reports citing unnamed sources familiar with the matter, the White House is preparing to release the …

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China Crackdown Pushes Hong Kong Out of Top Three IPO Venues

Hong Kong has been replaced by Shanghai in the world’s top three venues for stock listings as crackdowns in China’s private sectors continue to hurt investor sentiment. Shanghai took over third place after raising $45.6 billion in new initial public …

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Italy Fines Amazon €1.13 Billion for Abuse of Market Dominance

Italian antitrust regulators imposed Amazon on Dec. 9 with a €1.13 billion ($1.28 billion) fine for alleged abuse of market dominance. The Autorità Garante della Concorrenza e del Mercato (AGCM) said in a statement that Amazon abused its dominant position …

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China Crackdown Pushes Hong Kong Out of Top Three IPO Venues

Hong Kong has been replaced by Shanghai in the world’s top three venues for stock listings as crackdowns in China’s private sectors continue to hurt investor sentiment. Shanghai took over third place after raising $45.6 billion in new initial public …

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SEC Has Filed More than $1.77B in Cryptocurrency Related Enforcement Actions Since 2013

The United States Securities and Exchange Commission (SEC) has filed 75 enforcement actions against crypto companies and individuals involving allegations of fraud or unregistered initial coin offerings over the past 7 years resulting in more than $1.77 billion in penalties. …

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