Regulation

The U.S. Securities and Exchange Commission is probing possibly fraudulent sales of Facebook stock in advance of the company's initial public offering, CNET has learned.

SEC investigators have issued subpoenas demanding the financial records of Paul Tabet, a manager at a venture capital fund called Ventures Trust II LLC, and his wife.

The commission is investigating whether Tabet and fellow fund manager Craig Berkman -- once a leading financier in Portland who fled to Florida to escape creditors -- raised more than $3 million to purchase Facebook shares, and if so, where the money went.

"Staff has … Read more

commentary California lawmakers have taken an encouraging step to keep government from tinkering with the mechanics of the Internet. As first reported by CNET in June, SB 1161, which passed last week, prohibits the state's Public Utilities Commission from imposing new regulations on "Voice over Internet Protocol and Internet Protocol enabled services," except when specifically authorized by the legislature or by federal authorities.

SB 1161, which is only four pages long, was approved in May by an overwhelming bipartisan majority of the state's Senate. On August 22, it cleared the state Assembly by a margin of … Read more

ASPEN, Colo.--Luigi Gambardella is an amiable, effusive Italian businessman, who seems almost bemused that anyone would object to his proposal to give a United Nations body more authority over how national governments may or may not regulate the Internet.

Gambardella is chairman of the executive board of the European Telecommunications Network Operators, or ETNO, which submitted a proposal to a U.N. body in June that would establish the principle of sender-party-pays for Internet traffic. Not-so-coincidentally, a lot of Internet traffic is sent to Europe from the United States.

"We believe that this situation is putting at risk … Read more

Apple shares are up about $14, or two percent, following the company's legal win against Samsung last Friday.

On Friday, a jury found that Samsung had infringed on several mobile device patents owned by the iPhone maker, awarding Apple more than $1 billion in damages.

This morning's jump pushed Apple's stock to a new intraday high around $676 per share. On the flip side, the stock of Android OS maker Google dipped about 1.3 percent in morning trading to around $669.

Apple's iPhone 5 will likely be another beneficiary of the legal victory, some analysts … Read more

People who've received unwanted sales calls from Dish Network may yet get some satisfaction.

The company is the target of a lawsuit from the Federal Trade Commission alleging that it made sales calls to millions of consumers even though they had asked not to be called again.

The calls reportedly violated the FTC's Telemarketing Sales Rule. According to that rule, a telemarketer cannot call someone who has asked to be taken off the company's call list, even if the person is not registered with the National Do Not Call list.

The FTC's lawsuit alleges that Dish … Read more

The Federal Communications Commission has approved four separate deals that will transfer wireless spectrum to Verizon Wireless, including the $3.9 billion deal between Verizon and a group of cable operators.

The approved deals will allow Verizon to get nearly 20 megahertz of Advanced Wireless Service spectrum from SpectrumCo, a joint venture that includes cable operators Comcast, Time Warner Cable, and BrightHouse, as well as AWS spectrum from cable operator Cox Communications.

The agency also gave the green light to transfer spectrum licenses from prepaid provider Leap Wireless. In addition, it OK'd the transfer of wireless spectrum licenses between … Read more

In a blog post Wednesday, AT&T defended its new policy of restricting use of Apple's FaceTime app so that only customers on its Mobile Share plans can take advantage of it. But consumer advocates still say AT&T is violating the Federal Communications Commission's Open Internet rules.

Last week, AT&T confirmed that it has plans to make the popular video chat app FaceTime, which is preloaded on all iPhone 4 devices and newer iPhones, available for use on its 3G and 4G networks. Previously, the preloaded app worked only on Wi-Fi networks, but … Read more

Roughly 19 million Americans still don't have broadband Internet, according to a report released Tuesday by the Federal Communications Commission.

This is the eighth year that the FCC has issued the report, which is a requirement of the 1996 Telecommunications Act. And for the third year in a row, the agency has found that broadband service is not being rolled out in a "reasonable and timely fashion." Still, the report sees an improvement over the year before, when the FCC found that 26 million Americans lacked broadband.

About 14.5 million of the 19 million Americans without … Read more

ASPEN, Colo. -- Verizon today renewed its criticisms of the Obama administration's Net neutrality rules, saying its lawsuit seeking to overturn them will rein in an out-of-control federal agency.

The company's lawsuit is about "the importance of restraint on the regulatory authority in the Internet space," said Tom Tauke, Verizon's executive vice president for public affairs. "We believe that is critical -- and this battle is really a battle about that kind of restraint."

In September 2011, Verizon filed a lawsuit seeking to overturn the Federal Communication Commission's Net neutrality rules. The … Read more