Ftc

The FTC nailed down new evidence in the fraud investigation.

This company is under investigation by the FTC.

The news of the FTC opening an investigation into the company fomented panic among investors.

Lina Khan, 32, a professor at Columbia Law School prior to her nomination, is known for advocating a hard-nosed approach to the regulation of large technology firms like Amazon, Facebook, Google and Apple. She was nominated to fill an open seat on the FTC in March, and on Tuesday she was confirmed in a bipartisan 69‒28 vote in the Senate.

De Beers, the world’s largest diamond producer, announced plans in 2017 to operate a carbon-neutral mine and pointed out that the FTC has warned lab-grown diamond sellers over the veracity of their environmental claims.