Federal regulators have fined Facebook $5 billion for privacy violations and are instituting new oversight and restrictions on its business. This fine is the largest the Federal Trade Commission has levied on a tech company. Facebook will also pay a separate $100 million fine to the Securities and Exchange Commission to settle charges it made misleading disclosures about the risk of misuse of Facebook user data.
If you are in financial trouble, contact our law office at 816-524-4949 or visit our website at Hoorfarlaw.com