THE Digital Currency Group (DCG) will pay a $38 million fine to the SEC. The agreement concerns its subsidiary Genesisthat promised returns in cryptocurrencies to its investors, but declared bankrupt in early 2023. In addition to Genesis, DCG also controls Grayscalemanager of the third largest Bitcoin ETF in the world, and owner of the Coin […]
Tag: fine
Canal+ is in trouble. The Competition and Consumer Protection Bureau has imposed a huge fine
The Competition and Consumer Protection Office fined Canal+ Polska PLN 46.56 million for misleading customers by advisers and ordered the return of the money to consumers. The Competition and Consumer Protection Office obliged Canal+ Polska to refund money to consumers who contracted from October 10, 2019 to April 23, 2022 as part of a promotional […]
A huge fine for T-Mobile. The Competition and Consumer Protection Bureau had no doubts
The Competition and Consumer Protection Office (UOKiK) has fined T-Mobile Polska PLN 25.62 million after ruling that advertisements for its prepaid offer with the slogan “1,200 GB free for a year” were misleading to consumers. “Doubts were raised about advertisements for the prepaid offer ‘1200 GB free for a year’. These appeared, among other things, […]
Mysterious messages in Biedronka shops. Reason given
Messages about “consumer doubts about the price” appeared in Biedronka discount stores. This is the elaboration of the judgment of UOKiK in the case of supermarket chains. “Dear customer, in case of differences or doubts about the price of the goods offered, the consumer has the right to demand the sale of the goods at […]
A hefty fine from the Bureau for Competition and Consumer Protection for the seller of photovoltaic installations
The Office of Competition and Consumer Protection (UOKiK) has imposed a fine of almost PLN 12.5 million on the seller of photovoltaic installations BO Energy. There were 12 contracts in the contracts developed by the company prohibited clauses infringe consumer rights. BO Energy also engaged in a number of unfair practices, for which the chairman […]
Movistar to be sanctioned with $1,507 million for misleading advertising
Telecom company Telefonica Movistar was fined $1,507 million for misleading advertising in the campaign “IlimiDatos – spend gigabytes, demand and share your data with whoever you want.” This was reported by the Superintendence of Industry and Commerce (SIC), in which the company disregarded the right that users have to terminate their contracts for the provision […]
Alianza In asks new government to regulate digital platforms
alliance ina union of digital platforms operating in Colombia called on the new government led by President-elect Gustavo Petro to promote regulation of its activities. This call, which also applies to the new Congress of the Republic His tenure begins July 20, after the Superintendent of Transport announced a fine of more than $1,722 million […]
SIC has sanctioned the ‘Public Auctions Cartel’ with a millionaire fine
Fined more than $3,800 million pesos, six companies and ten individuals were sanctioned after they confirmed that they had formed a cartel since 2018 to defraud free competition in several public auction processes conducted by the mixed economy company. INVESTMENT CENTRAL SA (CISA). That’s what the chief inspector of trading industry (SIC), the objective being […]
FINA bans transgender swimmers from participating in elite women’s events
The International Swimming Federation (FINA) announced this Sunday that it would adopt its new policy of gender inclusion and that it has agreed by vote to prevent the transsexual swimmers compete in elite female races once they have gone through some of the male puberty process. FINA’s new policy, approved with 71% of the vote […]
Supersociedades sanctions company’s fine of more than $8 million
The Superintendency of Companies confirmed a $8,327 million fine imposed in March on Carpenter Marsh Fac Colombia Corredores de Reaseguros SA (formerly JLT RE Colombia Corredores Colombianos de Reaseguros SA), for having incurred in the conduct of transnational bribery. Chief Inspector of Businesses, Billy Escobar Pérez, said this decision sets an important precedent in the […]