T-Mobile to pay $16M penalty as part of cybersecurity settlement with FCC
October 1, 2024
All major wireless carriers in the U.S. are now required to invest to protect consumer data and privacy. #NewsismyBusiness
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EPA slaps $3.1M fine on AES Puerto Rico, requires more monitoring
August 20, 2024
AES produces about one-quarter of Puerto Rico’s power via its coal-fired power plant in Guayama. #NewsismyBusiness
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Puerto Rico telecom carrier fined $1M in FCC nat’l security probe
May 16, 2024
LATAM Telecommunications and Puerto Rico Telephone Company will each pay a $1 million civil penalty and enter a compliance plan. #NewsismyBusiness
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UBS ordered to pay some $19M in losses related to UBS’s P.R. bond funds
October 31, 2018
UBS has been ordered to pay tens of millions of dollars in various arbitration claims to date, including awards of approximately $9 million, $15 million, $18 million, and now $19 million.
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Aireko Construction ‘disappointed’ over $1.5M fine
August 18, 2017
San Juan-based Aireko Construction — which will have to pay a $1.5 million fine after failing to comply with the asbestos National Emission Standards for Hazardous Air Pollutants — expressed “disappointment” in the U.S. District Court for Puerto Rico’s decision, saying it is “excessive.”
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Aireko fined $1.5M for Clean Air Act violations in PR
August 17, 2017
AIREKO Construction Co. will have to pay a $1.5 million fine after failing to comply with the asbestos National Emission Standards for Hazardous Air Pollutants during the illegal removal of asbestos containing materials from the Minillas North Tower in May 2012, the U.S. Justice Department announced.
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FINRA fines Merrill Lynch $7M; $780K goes to PR clients
December 1, 2016
The Financial Industry Regulatory Authority (FINRA) announced Wednesday it has fined Merrill Lynch, Pierce, Fenner & Smith Inc. $6.25 million and the firm will pay some $780,000 in restitution to 22 Puerto Rico customers who who were "highly concentrated and highly leveraged in Commonwealth securities."
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EPA issues $190K fine to Pfizer in Barceloneta
October 26, 2016
The U.S. Environmental Protection Agency fined Pfizer Pharmaceuticals, LLC $190,000 for not disclosing chemical information at its plant in Barceloneta as required by the federal Clean Air Act’s chemical accident prevention, chemical safety, and risk management requirements.
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Yauco coffee grower ordered to pay $101K in back wages
July 6, 2016
A consent judgment has been filed in federal district court ordering a Yauco coffee grower to pay $101,484 in back wages to more than 170 year-round farm workers and seasonal coffee pickers who the company underpaid between 2011 and 2014.
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P.R. Telephone Co., parent co. to pay $1.1M FCC fine
June 29, 2016
The Federal Communications Commission announced today that Puerto Rico Telephone Company and its parent company, América Móvil of Mexico, will pay $1.1 million to resolve an investigation by the FCC’s Enforcement Bureau.
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FINRA slaps Santander Securities LLC with $6.4M fine
October 14, 2015
The Financial Industry Regulatory Authority (FINRA) announced Tuesday it ordered Santander Securities LLC to pay some $4.3 million in restitution to certain customers who were solicited to purchase Puerto Rican Municipal Bonds, or PRMBs.
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F&R Contractors to pay $500K for EPA water violations
May 28, 2015
The U.S. Environmental Protection Agency announced Wednesday it has reached an agreement with F&R Contractors Corp. and F&R Contractors LLC (F&R) to settle the companies’ alleged violations of requirements to control pollution from stormwater discharges.
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37 retailers to pay $925K fine in Tous counterfeit suit
December 4, 2014
Some six months after Tous — the Spanish design house known for its emblematic teddy bear — filed a civil suit against Puerto Rican businesses and individuals for allegedly selling counterfeits of its products, the U.S. District Court in San Juan issued a combined $925,000 in fines against 37 defendants in the case.
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FCC levies $25K fine against San Juan telecom operator
October 2, 2014
The Federal Communications Commission on Wednesday disclosed it has issued a $25,000 fine against CMARR Inc., a San Juan-based telecommunications operator for “willfully interfering with Federal Aviation Administration weather radar[s]” by operating unlicensed radio transmitters.
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W.R. Recycling settles hazardous waste case with EPA
July 10, 2014
The U.S. Environmental Protection Agency has reached a legal settlement with W.R. Recycling of Cabo Rojo, the owner and operator of an auto crushing and scrap recycling business, resolving alleged violations of federal hazardous waste law.
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