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GRIP Extra – FTX customers get money back, Marriott must improve security

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GRIP

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Also in the news this week TikTok is sued and Roblox targeted by short-sellers, while Chinese start-ups are playing catch-up on AI.

United States

Compliance

Cambridge International Securities was censured and fined for alleged failings in the supervision of foreign associates. An interesting case summarized by GRIP here.

Teva Pharmaceuticals has agreed to a $450m settlement over charges that it payed out illegal kickbacks.

Pharmaceutical middlemen accuse FTC members of bias in

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