regulation News

U.S. FCC Proposes Additional Spectrum for Drone Communications

The U.S. Federal Communications Commission (FCC) on Wednesday proposed new rules to make licensed radio spectrum in the 5 GHz band for the rising number of unmanned aircraft systems, or drones, in use. Currently, drones typically operate under unlicensed and …

Banks Should Be More Cautious on Crypto Contagion Risks, U.S. Regulators Warn

Banks should be more careful about the risks of fraud, legal uncertainty and misleading disclosures by crypto firms, U.S. regulators warned on Tuesday, just two months after the collapse of crypto exchange FTX stunned the financial world. In their first …

The SEC’s Crypto Crackdown Is Just Getting Started After FTX Blowup

The US Securities and Exchange Commission is just getting started with its crackdown on crypto firms that refuse to abide by its rules. SEC Chair Gary Gensler said in an interview on Thursday (Dec. 22) that the agency’s patience is …

U.S. FDA Weighs Regulating Cannabis Compound CBD in Food, Supplements

The U.S. Food and Drug Administration (FDA) is planning to make recommendations on how to regulate the use of popular cannabis compound CBD in food and supplements, the Wall Street Journal reported Dec. 27, citing agency officials. After weighing the …

Government Funding Bill to Bolster U.S. Antitrust Regulators

A $1.7 trillion government funding bill approved by the U.S. Senate Thursday will bolster U.S. regulators and make it easier for states to bring antitrust lawsuits. The Federal Trade Commission (FTC), which has a number of major technology investigations underway, …

SEC Assessed Record Penalties in Fiscal 2022

The U.S. Securities and Exchange Commission assessed a record $6.4 billion in fines and ill-gotten gains as it picked up the pace of enforcement in fiscal 2022, the agency said in an annual report. The total assessed included a record …

U.S. Supreme Court Considers Making Challenges to FTC, SEC Easier

The U.S. Supreme Court is set on Monday to hear arguments in two cases that could make it easier to challenge the regulatory power of federal agencies in disputes involving the Federal Trade Commission and the Securities and Exchange Commission. …

U.S.-Listed Companies Will Have to Disclose How CEO Pay Stacks Against Firm Performance

Wall Street’s main regulator on Thursday voted to adopt a measure requiring that U.S.-listed companies disclose how the pay of their top executives squares with overall company performance. The U.S. Securities and Exchange Commission said the rule will require that …

Laser Incidents Reported by U.S. Pilots Hit Record in 2021

The number of reported incidents involving aiming of lasers at U.S. airplanes hit a record in 2021, according to a federal government report, which also said regulators should do more to address the problem. The Government Accountability Office said the …

Record-Breaking Pace for U.S. Product Recalls, Says Sedgwick

The number of U.S. products recalled this year has already surpassed 1 billion, according to the U.S. product recall index recently released by Sedgwick’s brand protection division. Only two other years on record have seen more than 1 billion units …