Tag: WhatsApp

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SEC Charges Multiple Individuals and Entities in Relationship Investment Scams

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Schemers allegedly used WhatsApp, LinkedIn, and Instagram to lure investors to fake crypto asset trading platforms before stealing their money

the staff of the Ridgewood blog

Glen Rock NJ, the Securities and Exchange Commission today charged five entities and three individuals in connection with two relationship investment scams involving fake crypto asset trading platforms NanoBit and CoinW6, respectively. The SEC’s two complaints allege that the defendants solicited investors via social media apps, lied to them to gain their trust and confidence, and then stole their money. These charges are the SEC’s first enforcement actions alleging these types of scams.

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SEC Charges 11 Wall Street Firms for use of Signal, WhatsApp to Evade Regulators’ Scrutiny

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the staff of the Ridgewood blog

Washington D.C. , the Securities and Exchange Commission today announced charges against 10 firms in their capacity as broker-dealers and one dually registered broker-dealer and investment adviser for widespread and longstanding failures by the firms and their employees to maintain and preserve electronic communications. The firms admitted the facts set forth in their respective SEC orders. They acknowledged that their conduct violated recordkeeping provisions of the federal securities laws, agreed to pay combined penalties of $289 million as outlined below, and have begun implementing improvements to their compliance policies and procedures to address these violations.

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WhatsApp back online after global outage

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the staff of the Ridgewood blog

Ridgewood NJ, WhatsApp, the messaging app owned by Facebook parent Meta, suffered a global outage on Tuesday. Problems were first detected around 3:17 a.m. ET, according to Downdetector.com, which monitors outages across internet services. Normal service on WhatsApp had appeared to be restored at around 5 a.m. ET.

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NJ Attorney General Announces Federal Antitrust Lawsuit Against Facebook

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the staff of the Ridgewood blog

Trenton NJ, New Jersey Attorney General Gurbir S. Grewal today joined with 47 other Attorneys General in suing Facebook, Inc. for allegedly violating federal antitrust laws by monopolizing the market for personal social networking services, and by using illegal mergers and other anti-competitive tactics to maintain its monopoly power.

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FTC Files Antitrust Suit Against Facebook

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the staff of the Ridgewood blog

Washington DC, The Federal Trade Commission today sued Facebook, alleging that the company is illegally maintaining its personal social networking monopoly through a years-long course of anticompetitive conduct. Following a lengthy investigation in cooperation with a coalition of attorneys general of 46 states, the District of Columbia, and Guam, the complaint alleges that Facebook has engaged in a systematic strategy—including its 2012 acquisition of up-and-coming rival Instagram, its 2014 acquisition of the mobile messaging app WhatsApp, and the imposition of anticompetitive conditions on software developers—to eliminate threats to its monopoly. This course of conduct harms competition, leaves consumers with few choices for personal social networking, and deprives advertisers of the benefits of competition.

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WhatsApp Encryption Said to Stymie Wiretap Order

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By MATT APUZZOMARCH 12, 2016

WASHINGTON — While the Justice Department wages a public fight withApple over access to a locked iPhone, government officials are privately debating how to resolve a prolonged standoff with another technology company, WhatsApp, over access to its popular instant messaging application, officials and others involved in the case said.

No decision has been made, but a court fight with WhatsApp, the world’s largest mobile messaging service, would open a new front in the Obama administration’s dispute with Silicon Valley over encryption, security and privacy.

WhatsApp, which is owned by Facebook, allows customers to send messages and make phone calls over the Internet. In the last year, the company has been adding encryption to those conversations, making it impossible for the Justice Department to read or eavesdrop, even with a judge’s wiretap order.

https://www.nytimes.com/2016/03/13/us/politics/whatsapp-encryption-said-to-stymie-wiretap-order.html