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Showing 1 - 6 of 6 results for "FTC"

US regulators launch investigation into OpenAI

CASSANDRA BALDINI  |  FRIDAY, 14 JUL 2023
The Federal Trade Commission (FTC) is investigating OpenAI, the artificial intelligence research firm that owns ChatGBT, to evaluate possible negligence and consumer harm. In a 20-page document sent to the Microsoft-backed AI firm, regulators demanded ...

eToro combines with SPAC, plans to list

ELIZABETH MCARTHUR  |  WEDNESDAY, 17 MAR 2021
Investment platform eToro has entered a business combination with a special purpose acquisition company (SPAC) and revealed plans to list on the NASDAQ. eToro will merge with NASDAQ listed FinTech Acquisition Corp (FTCV), entering into a definitive ...

US regulator, states sue Facebook

JAMIE WILLIAMSON  |  THURSDAY, 10 DEC 2020
... Commission seeking to force the social media giant to divest key assets, labelling the actions 'revisionist history'. The FTC and 48 Attorneys General filed their respective suits overnight, claiming Facebook has used an "unlawful scheme" and ...

Aussie at center of international scheme

ELIZA BAVIN  |  TUESDAY, 3 MAR 2020
An Australian has been named by the US Federal Trade Commission (FTC) as being at the center of a massive international business coaching scheme that "swindled" veterans and the elderly out of millions. Matthew Lloyd McPhee ran a scheme known as My ...

Pension fund joins action against Facebook

KRISTI CHENG  |  FRIDAY, 23 AUG 2019
... by the $478 million Fireman's Retirement System of St. Louis and retail investor Karen Sbriglio. On 24 July 2019, the FTC announced that Facebook agreed to pay a $5 billion penalty and establish a board-level privacy committee as well as a board ...

Cochrane picks up FSS board role

ALICE URIBE  |  TUESDAY, 5 NOV 2013
... Superannuation chief executive Neil Cochrane is set to become chairman of the First State Super (FSS) Trustee Corporation (FTC) board, after the departure of Thomas Parry in 2014. Parry, who has provided 14 years of service to the FTC will step down ...
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