FTC says Humboldt Merchant Services to pay $12 million in payment-processing case
The FTC says the payment processor handled transactions for more than 1,000 merchants described as shell entities tied to fraudulent companies.
Enforcement
Justice Department seeks consent decree with Pinnacle in rental pricing case
The Justice Department filed a proposed consent decree against Pinnacle Property Management Services LLC in a rental pricing antitrust case in North Carolina.
FTC says Nuvei will pay $4.85 million in payment-processing settlement
The FTC says Nuvei agreed to a $4.85 million proposed order after allegations that it opened and maintained payment accounts for deceptive merchants, including tech support scams.
SEC charges Bay Area private fund executives in alleged $80 million fraud
The SEC filed civil charges against former Pacific Private Money Group executives Mark D. Hanf and Hoai-Nam Chu Phan, alleging an offering fraud that raised more than $80 million from about 190 investors.
CFTC says court entered consent order against swaps trader John Patrick Gorman III
The CFTC said the consent order requires a $90,000 penalty and resolves allegations that Gorman made false or misleading statements and deleted messages tied to a preservation request.
CFTC settles case over White House worker's trading of presidential mention contracts
The CFTC said Gabriel Perez misused nonpublic information from his federal job to trade presidential mention contracts and must give up profits, pay a penalty and stay out of trading for three years.
SEC charges 38 entities over false adviser filings
The SEC says the filings were used to mislead retail investors by creating the appearance of registered advisory firms.