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U.S. court rejects FTC's attempt to impose severe sanctions on Cliq over fraud claims

Market News
15 May 2026
Na
View Source
Bullish
pluang ai news

A U.S. District Court has dismissed the Federal Trade Commission's (FTC) accusations against Cliq, a financial technology company, clearing it of fraud after a three-year investigation. The court rejected the FTC's demands for harsh penalties, including banning executives and appointing a receiver. Cliq emphasized its strong compliance measures and proactive cooperation during the investigation. This ruling protects Cliq's reputation and allows it to continue its operations without the severe restrictions sought by the FTC.

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