Legal & Regulatory
FAA appeals NTSB judge's decision on legality of commercial drones
The Federal Aviation Administration has filed an appeal to the decision of NTSB Adminstrative Law Judge Patrick Geraghty who ruled that the use of commercial drones was legal, TechCrunch reported.
Federal jury convicts former Jefferies & Co Managing Director Jesse Litvak of criminal case related to TARP
Jesse Litvak, a former Jefferies & Co Managing Director, was convicted of defrauding buyers in a criminal case connected to the US government's Troubled Asset Relief Program, Bloomberg reported.
Tighter regulations await crowdfunding sector in UK to facilitate transparency and investor protection
The loan-based crowdfuning sector of the UK will be subject to stricter regulations by the UK's Financial Conduct Authority to safeguard the interests of investors and make it more transparent, the Yorkshire Post reported.
Turkey may ban Facebook and YouTube over alleged corruption leaks
The prime minister of Turkey, Recep Tayyip Erdogan, is planning to pass a law that will ban Facebook and YouTube in the country after recordings revealing his group's alleged corruption went viral on the Internet.