Articles about regulator

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Capita forced to pay out £66m to investors over Connaught fund farce

Capita's investment business has been forced to pay up to £66m to investors by the Financial Conduct Authority (FCA) over its handling of the collapsed Connaught Income Fund. The Connaught Income Series 1 Fund opened in March 2008 and provided short-term bridging finance to commercial operators in the UK property market, and …
Kat Hall, 10 Nov 2017

He's no good for you! Ofcom wants to give folk powers to dump subpar broadband contracts

Ofcom has proposed forcing providers to disclose more accurate speed information at the point of sale and hand consumers the power to walk away if speeds fall below a guaranteed level, in a crackdown on service provision. Under the move, providers will have to 'fess up to the slowest speeds consumers are likely to receive at " …
Kat Hall, 6 Oct 2017

Does anyone know what their broadband costs? The ASA hopes to change that

Blighty's advertising regulator has vowed to clamp down on "misleading" broadband advertising prices, following its findings that three in four people are unable to work out true cost of broadband deals. The Advertising Standards Authority said the move is a response to joint research with Ofcom, which found the current …
Kat Hall, 21 Jan 2016
Snake oil salesman

Failing to zap bogus reviews about your biz is illegal, snarls regulator

The UK's Competition and Markets Authority is cracking down on companies publishing fake reviews or taking cash for unmarked promotional content. The CMA said it has opened an investigation using its "consumer enforcement powers" into a number of companies over non-disclosure of paid endorsements. The regulator said it is …
Kat Hall, 22 Jun 2015
Microsoft-themed Monopoly board

China: You, Microsoft. Office-Windows 'compatibility'. You have 20 days to explain

China's antitrust regulator has given Microsoft 20 days to hand over a written explanation of how the Windows OS works together with the bundled Office software suite as part of its probe into the firm’s alleged monopoly activities. The State Administration for Industry and Commerce (SAIC) said in a statement (translated by …
Virgin Media Satellite acquisition

Scotland's BIG question: Will independence cost me my broadband?

Feature On 18 September, the people living in Scotland will vote in a referendum to decide if we should to slice the top off Great Britain and create a separate country. If that happens, and once the locals sober up, Scotland could be a country with universal broadband, a publicly owned postal service and mobile coverage which would be …
Bill Ray, 29 Jul 2014
The Ares lower-stage skirt extension separation test

Our irony meter exploded: Apple moans ebook price-fixing watchdog is too EXPENSIVE

Apple has filed a court motion complaining that Michael Bromwich, the court-appointed antitrust regulator overseeing the fruity firm in the wake of its ebook price-fixing shenanigans, is too charging too much for his services. "Mr Bromwich appears to be simply taking advantage of the fact that there is no competition here or, …
Iain Thomson, 29 Nov 2013

Gaming co ESEA hit by $1 MILLION fine for HIDDEN Bitcoin mining enslaver

US regulators have smacked games biz ESEA with a $1m fine for surreptitiously installing a Bitcoin miner in its software. The settlement was announced on Tuesday and means ESEA gaming will pay the state of New Jersey $325,000 of its $1m fine upfront, and the rest will be scrubbed if the company has a clean record for the next …
Jack Clark, 20 Nov 2013
The Register breaking news

Watchdog probes rules for naughty mobe fondling on flights

US regulators are going to look into the rules that stop passengers using their "interfering" electronic gizmos on aeroplanes. The Federal Aviation Administration announced that it would be setting up a government and industry group to assess how airlines decide which gadgets can be used and when. The current norm is to be …
The Register breaking news

Watchdog relieves iPhone 5 scammers of £10k

A British company who offered "iPhone 5s" to punters has been slapped with a £10,000 fine by regulator PhonePayPlus, which ruled that the adverts for the non-existent phone were misleading. According to the judgment published today, the Bumbalee service run by Mobile Minded BV used "prizes" such as the iPhone 5 to lure punters …
Anna Leach, 8 Jun 2012
The Register breaking news

Publishers fork out $52m in Apple ebook pricing settlement

Publishers Hachette and HarperCollins have forked out $52m to settle a lawsuit that alleged the pair had been involved in price-fixing in the ebook market. Just as the ink was drying on the US Department of Justice's suit against Apple and five publishing houses over alleged price-fixing, 15 State Attorneys General and the …

Apple fined $1.2m for flouting Italian warranty law

An Italian regulator has fined Apple €900,000 ($1.17m) for trying to sell a two-year extended warranty when customers were entitled to such a thing for free under Italian law. Apple offered a one-year warranty, with an option to extend that cover under an AppleCare Protection Plan, but Italian law says that all goods have to …
Bill Ray, 29 Dec 2011
The Register breaking news

FCC gives cautious go-ahead for signal boosters

The US comms regulator looks set to permit consumer-owned boosters, including mobile ones, despite the industry's adamant opposition and predictions of worse service for all if the rules go ahead. While indisputably illegal in the UK, cell boosters have slipped between the rules in the USA where many companies sell them to …
Bill Ray, 8 Apr 2011
The Register breaking news

Ofcom finalises ambitious annual plan

Ofcom has a busy year planned, involving auctions, action and investigations, not to mention taking responsibility for the Post Office too, and all for less money than last year. In addition to its usual duties, the regulator's plans for the next 12 months include: running the biggest spectrum auction in UK history; managing …
Bill Ray, 5 Apr 2011
The Register breaking news

Well-behaved comms industry bad for Ofcom coffers

UK regulator Ofcom isn't making as much money as it used to, thanks to the lack of radio auctions and irritatingly-law-abiding broadcasters. In the 12 months leading to the end of March Ofcom contributed £192.7m to the public purse, according to its reported accounts (pdf). Most of the money comes from radio-spectrum licences …
Bill Ray, 19 Jul 2010
The Register breaking news

US regulators eye HPCom trade surge

A spike in 3Com options trading just hours before HP's $2.7bn cash takeover bid has caught the eye of US regulators, according to reports. 3Com's call trading surged to an astounding 26-month high on November 11 - four hours before the acquisition was disclosed after the market closed that day, Bloomberg said. Now the US …
Austin Modine, 17 Nov 2009
The Register breaking news

US edges towards mobile antitrust case

Calls for an investigation into monopolistic practices by US mobile operators have been answered with a review by the Justice Department that could quickly turn into an investigation. On Monday the chair of the Senate antitrust subcommittee, Herb Kohl, wrote to the FCC and the Justice Department, regarding operators abusing …
Bill Ray, 7 Jul 2009
graph up

Microsoft hit with €9m fine over German pricing

The German competition authority, the BundesKartellamt, has fined Microsoft €9m for colluding with retailers to set the price of "Office Home and Student 2007". Suppliers are allowed to talk to retailers about prices but need to be careful not to break competition rules. But in this case, Microsoft staff and a leading German …
John Oates, 8 Apr 2009

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