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Unfair banks

Antitrust Filing Violations: The Federal Trade Commission (FTC) fined Fairbank $637,950 for repeatedly failing to disclose large stock awards to federal antitrust authorities. The FTC noted that he had broken the law on three separate occasions (1999, 2004, and 2018), and officials publicly stated that he had "repeatedly broke the law". Capital One blamed the omissions on administrative errors by his personal law firm Very shady man


$60,000 Fines for Mutual of America & Truspire in Florida

Long Term Boca Retiree here. The Florida Office of Insurance Regulation released it market conduct investigations report in April 26. Truspire is going out with a literal bang !

Florida cited and fined both Mutual of America & Truspire over a collective $60,000 in fines for violating Florida law & insurance statues. These were over some BS LTC filing. But, MoA & Truspire received more fines (5) then any other insurance company. Not sure who in the legal area w/the states dropped the ball but this is very embarrasing. For more details go to:

FLOIR.gov

and read for yourselves.

Someone was asleep at the switch. time to dock his pay or ship his role to India.


LHX pays USG $62M for false pricing data

In my local Virginia paper, there was an article about LHX expanding its Orange County, VA rocket parts plant. The article ended with a paragraph about LHX providing false pricing data to the US Military in 2025 and had to pay $62M to USG. I’m I the only one who hadn’t heard about this?