T-Mobile blasts allegations of coverage fraud

first_img Amazon reels in MGM T-Mobile US hit back against accusations by the Rural Wireless Association (RWA) that it exaggerated its coverage area in data submitted to the Federal Communication Commission (FCC) as part of a major funding programme.In a recent filing to the commission, T-Mobile said RWA’s claims were unfounded and “patently false”. The operator noted it had “not been contacted by the commission” regarding an investigation into alleged violation of LTE coverage statement requirements and had “no reason to believe” it is involved.The operator went on to argue that it actually underrepresented its coverage reach in its reports: “Contrary to RWA’s claim that T-Mobile submitted future coverage, T-Mobile followed required procedures and submitted shapefiles reflecting 4G LTE coverage as of December 2017…Rather than overstating T-Mobile coverage, the submitted files more likely understate coverage as T-Mobile continued to expand its network throughout the challenge process.”Earlier this month, the FCC suspended its Mobility Fund Phase II proceeding, a federal funding programme set to distribute $4.53 billion to expand LTE to underserved areas, after a review of coverage data submitted by operators suggested violations of its reporting rules.While the FCC did not detail the nature of the violations or which operators were involved, the suspension came shortly after members of the RWA met with the commission to air concerns that Verizon and T-Mobile had overstated coverage.The RWA asked the commission to investigate and bar operators which filed “overstated coverage, projected coverage, or false coverage” from receiving funds. Subscribe to our daily newsletter Back AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 20 DEC 2018 Deutsche Telekom, SoftBank tipped for T-Mobile trade Related T-Mobile US chief predicts market rebound Home T-Mobile blasts allegations of coverage fraud Diana Goovaerts Author Diana is Mobile World Live’s US Editor, reporting on infrastructure and spectrum rollouts, regulatory issues, and other carrier news from the US market. Diana came to GSMA from her former role as Editor of Wireless Week and CED Magazine, digital-only… Read more Previous ArticleHong Kong raises $767M in spectrum auctionNext ArticleBlog: Huawei deserves credit for tackling security claims head-on Tags 4G coverageFederal Communications Commission (FCC)T-Mobile USlast_img read more

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Finra fines jump 43% in 2020 to $57 million

first_imgThe number of disciplinary actions reported by Finra were up just 1% in 2020 — to 595 from 591 in 2019 — and down 7% from the 638 disciplinary actions in 2018.[More: Pandemic prompts brokerages to seek relaxed in-person inspection requirements] Fines in 2020 were in line with 2017 and 2018, when Finra ordered $65 million and $61 million in fines, respectively, the law firm said in a release. In 2016, the broker-dealer self-regulator ordered a record-setting $174 million in fines.Finra continues to target anti-money laundering violations and appears to have focused much of its efforts on protecting retail investors, said firm partners Brian L. Rubin and Adam C. Pollet.Amid the overall increase in fines last year, the number of cases with very large fines also increased slightly. Finra assessed ten fines of $1 million or more, totaling $38.6 million, compared with $28 million in such fines in 2019.In 2020, restitution ordered by Finra increased 29%, to approximately $36 millio,n from $28 million in 2019; that’s up 38% from the $26 million ordered in 2018.Monetary sanctions ordered by Finra in 2020, which encompasses fines, restitution and disgorgement, totaled $94 million, or a 34% increase from the $70 million in total sanctions ordered in 2019. The total sanctions ordered in preceding years were significantly higher, however: $124 million in 2018; $150 million in 2017; and $207 million in 2016. Global investors heading for ESG ETFscenter_img In the first reversal of a five-year downward trend, the Financial Industry Regulatory Authority Inc. posted a 43% jump in fines in 2020, to $57 million from $40 million in 2019, according to an annual analysis of Finra disciplinary actions by Eversheds Sutherland (US).last_img read more

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Pacific Overtures Revival, Starring George Takei, Extends Run

View Comments George Takei(Photo: Victoria Will/Invision/AP) The new off-Broadway revival of Stephen Sondheim and John Weidman’s musical Pacific Overtures has extended its run to June 18. The production was originally slated for an engagement through May 27. The revival at Classic Stage Company, which began previews on April 6, will open on May 4. CSC Artistic Director John Doyle directs.As previously announced, Pacific Overtures stars George Takei, Ann Harada, Karl Josef Co, Marc delaCruz, Steven Eng, Megan Masako Haley, Kimberly Immanuel, Austin Ku, Kelvin Moon Loh, Orville Mendoza, Marc Oka and Thom Sesma.The creative team includes costumes by Ann Hould-Ward, lighting by Jane Cox, sound by Dan Moses Schreier, orchestrations by Jonathan Tunick, musical supervision by Rob Berman and musical direction by Greg Jarrett.Pacific Overtures tells the tale of a samurai and a fisherman who are caught up in the Westernization of the East. Pacific Overtures Related Shows Show Closed This production ended its run on June 18, 2017 read more

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Gould chalks up another win as he crushes Duffy

first_img Follow West London Sport on TwitterFind us on Facebook See also:Gould stunned by Grace comeback in epic quarter-finalGould edges past Trump in German Masters thrillerGould clinches first title with German Masters victory’A weight off my back’ – first title a huge relief for Pinner PotterNerveless Gould edges through in Welsh OpenGould bows out of Welsh Open in fourth round Martin Gould continued his red-hot form by sweeping aside Adam Duffy in the first round of the Welsh Open on Monday.The Pinner Potter won his first ranking title earlier this month, at the German Masters, and he was far too good for amateur Duffy.The new world number 15 made breaks of 72, 76, 88 and 82 on his way to a 4-1 victory.AdChoices广告Gould has now won 13 of his last 14 matches and faces Jack Lisowski in the second round on Tuesday.last_img read more

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