Financial Regulatory Forum

Intel hit by NY antitrust suit, kickbacks alleged

November 4, 2009

A man stands in front of an Intel wall at the 2009 Computex trade show in Taipei June 3, 2009. REUTERS/Pichi Chuang   By Jonathan Stempel
NEW YORK, Nov 4 (Reuters) – Intel Corp was sued by New York Attorney General Andrew Cuomo, who accused the world’s largest chipmaker of threatening computer makers and paying billions of dollars in kickbacks to maintain its market dominance. The lawsuit accuses Intel of violating state and federal antitrust law through a “systematic worldwide campaign” of bullying and coercion to monopolize the market for personal computer chips, at the expense of rival Advanced Micro Devices Inc.

FTC issues rule to fight oil manipulation

August 6, 2009

NEW YORK, Aug 6 (Reuters) – The U.S. Federal Trade
Commission said on Thursday it would impose $1 million per day fines on energy traders engaged in price manipulation, a strong signal of the Obama administration’s desire to crack down on fraud in the oil markets.

ANALYSIS-Crusading U.S. FTC faces financial reforms setback

July 1, 2009

    By Diane Bartz
   WASHINGTON, June 30 (Reuters) – A White House plan to create a new U.S. agency to enforce consumer protection rules for banks and mortgage lenders is a bitter pill for the Federal Trade Commission, which had sought more power to fight financial fraud, but could now see the job taken away altogether.