The continuing education (CE) requirements for customs brokers went into effect on January 1, 2025, and the trade landscape has been evolving rapidly ever since. How do the new CE requirements work and how can you use them to your best advantage?
FTC: GameStop CEO Fined Nearly $1M by FTC for Violating Antitrust Laws in Wells Fargo Stock Purchase
FTC: GameStop CEO Fined Nearly $1M by FTC for Violating Antitrust Laws in Wells Fargo Stock Purchase
September 27, 2024/
The Federal Trade Commission announced 9/18 that the CEO of GameStop will be paying nearly $1m to settle charges that his acquisition of Wells Fargo shares violated the Hart-Scott-Rodino (HSR) Act. The CEO's acquisition was above the threshold of HSR filing requirements, but he didn't file with the antitrust agencies and wait the required waiting period before proceeding with the purchase. Full complaint details here. The purchase was made in March 2018, and the CEO disclosed it in January 2021. The penalty comes out to ~$900 per day that he was in violation (you're in continuous violation from the time the purchase is made until it's disclosed). The max penalty for HSR Act violations is $51,744 per day, so he got off easy.
Related Posts
CBSA: Canada Issues Notice 25-19 Allowing Duty Refunds on Certain U.S. Origin Goods
Canada has issued Notice 25-19, outlining a remission process for surtaxes on U.S.-origin goods effectively allowing duty refunds. The notice covers goods used in Canadian manufacturing, processing, and food and beverage packaging, as well as items tied to public health, healthcare, public safety, and national security purposes. Read More
BIS: Inclusion Process Opens for Expanding Section 232 Derivative Tariffs
The Bureau of Industry and Security has launched a new inclusion process under Section 232, allowing U.S. manufacturers and trade associations to request the addition of derivative steel and aluminum products to existing tariffs. The initial submission window began on May 1, 2025, with public comment opportunities to follow after requests are posted. Read More
CBP: Section 232 Tariffs on Auto Parts Take Effect May 3
CBP has announced a temporary suspension of a regulatory exception affecting certain low-value international mail shipments. Effective April 30, 2025, informal (Type 11) entries are permitted under the revised rules. Starting May 3, 2025, formal entries will be required for mail from China or Hong Kong valued over $800. Read More
CBP: New Guidance on De Minimis Mail Entries and Temporary Rule Suspension
CBP has announced a temporary suspension of a regulatory exception affecting certain low-value international mail shipments. Effective April 30, 2025, informal (Type 11) entries are permitted under the revised rules. Starting May 3, 2025, formal entries will be required for mail from China or Hong Kong valued over $800. Read More