fine

The over four-year-long legal battle between blockchain company Ripple Labs and the Securities and Exchange Commission could conclude soon, a Fox Business journalist reported Wednesday. What Happened: Eleanor Trett posted on X that the high-profile case was in the process of “wrapping up...

Rupert Grint, famed for his portrayal of Ron Weasley in the “Harry Potter” film series, has been slapped with a $2.3 million tax bill following a legal dispute with British tax authorities. What Happened: The UK tax agency, H.M. Revenue and Customs, scrutinized Grint’s tax...

New York Attorney General Letitia James announced a $9.5 million judgment against George West, the owner of an unlicensed cannabis dispensary in Ontario County. This sentence followed his refusal to comply with a June 2023 order from the Office of Cannabis Management (OCM) to cease operations. West...

In the first weeks following the recreational cannabis sales launch in Maryland in July 2023, licensed shops raked in millions of dollars selling legal weed products, resulting in a whopping $87.43 during the first month alone. Curio Wellness' Far & Dotter dispensary in Baltimore County was...

The U.S. Department of Transportation’s Federal Aviation Administration (FAA) has proposed a $175,000 civil penalty against Elon Musk-owned Space Exploration Technologies Corp (SpaceX).  According to an FAA statement, the civil penalty comes from a mission...

A California cannabis producer has to pay $128 million to the state for the illegal production of millions of cannabis gummies, following a Los Angeles judge’s ruling. According to SFGate, Vertical Bliss — the makers of Kushy Punch gummies — manufactured millions of dollars worth...

According to a lawsuit filed by the Securities and Exchange Commission (SEC), AT&T Inc. (NYSE: T) has agreed to pay a $6.25 million penalty for selectively leaking financial information to Wall Street analysts.  Three AT&T executives, Christopher Womack, Kent Evans, and Michael Black,...

The U.S. Securities and Exchange Commission (SEC) announced a $1 million fine against Tether’s (CRYPTO: USDT) former auditing firm Friedman LLP over violations of the federal securities laws. Per the SEC, the auditing firm was involved in several instances of “improper...

Twitter Inc (NYSE: TWTR) may face a federal investigation which could cost the company billions in fines. Reason: the company is not equipped to properly police harmful sexual content on the platform. Twitter may have broken the consent decree with the Federal Trade Commission when the company...

Marijuana beverage company Denver Packaging Co., which operates as Keef Brands, is facing a fine for breaking rules at Denver's Mile High 420 Festival, reported the Denver Post. The Colorado-based company acknowledged committing seven violations at the April 20 event, some of...