- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Adrianne Appel2024-05-23T20:54:00
The Federal Communications Commission (FCC) proposed a $2 million fine against Texas-based Lingo Telecom for facilitating robocalls that used artificial intelligence (AI) to fake President Joe Biden’s voice after the company’s chief compliance officer was warned in February.
The first-of-its-kind enforcement action charged the company with violating the FCC’s caller ID authentication rules, the agency announced in a press release Thursday. In a related action, the FCC proposed a $6 million fine against political consultant Steve Kramer, who engaged several companies, including Lingo, to transmit the calls.
In February, the FCC’s enforcement bureau issued a cease-and-desist letter to the company’s chief compliance officer, Alex Valencia, warning that failure to comply “may result in downstream providers permanently blocking all of Lingo’s traffic.”
THIS IS MEMBERS-ONLY CONTENT. To continue reading, choose one of the options below.
News and analysis for the well-informed compliance or audit exec. Select an option and click continue.
Annual Membership $499 Value offer
Full price one year membership with auto-renewal.
Membership $599
One-year only, no auto-renewal.
The Federal Communications Commission fined telecommunications giants T-Mobile, Sprint, AT&T, and Verizon a total of approximately $196 million for allegedly selling customers’ location data to third parties without consent.
AT&T said personal account data on approximately 73 million current and former customers was released on the dark web two weeks ago but has not yet identified when and where the breach occurred.
TikTok and X are under investigation related to their respective compliance with the European Union’s Digital Services Act, while the first three companies probed under the Digital Markets Act include Apple, Alphabet, and Meta.
A lack of supervision and internal controls at Morgan Stanley Smith Barney allowed four of its investment advisers to steal millions from customers before the behavior was detected, the SEC said in charging the firm.
A subsidiary of McKinsey & Co. will pay nearly $123 million to the Department of Justice to settle allegations that it bribed officials in South Africa to win consulting contracts.
A defamation lawsuit filed by a whistleblower against USAA, which a Florida judge recently dismissed on a technicality, revealed in public court records an estimated 400,000 violations of the Military Lending Act by USAA Federal Savings Bank (USAA Bank), an indirect wholly owned subsidiary of USAA.
