Search Results for: U.S. Securities and Exchange Commission
RBS Trader Admits Defrauding Customers in Multimillion Dollar Securities Fraud Scheme
March 12th, 2015
U.S. Attorney Deirdre M. Daly of the District of Connecticut, Special Inspector General Christy Romero for the Troubled Asset Relief Program (SIGTARP) and Special Agent in Charge Patricia M. Ferrick of the FBI’s New Haven Division announced that Matthew ...
U.S. banks’ buybacks, dividends may be no reason for shareholder celebrations
March 11th, 2015
Big U.S. banks, including JPMorgan Chase & Co (JPM.N) and Citigroup Inc(C.N), are expected to win Federal Reserve backing on Wednesday to buy back more shares and increase their dividends in the coming year, but the approvals may be as much about the institutions’ financial ...
SEC eyes transfer agents in new front against U.S. stock fraudsters
January 12th, 2015
In their battle to root out microcap stock fraudsters, U.S. securities regulators are turning their attention to the obscure world of transfer agents, who are sometimes in a position to prevent scams, or help to enable them. Transfer agents ...
Hong Kong-based audit firm and two accountants charged by SEC
December 18th, 2014
The Securities and Exchange Commission imposed sanctions against a Hong Kong-based audit firm and two accountants for failing to properly audit year-end financial statements of a company that the SEC has charged with fraud. An SEC investigation found that Baker ...
Company not registered with the CFTC as a Retail Foreign Exchange Dealer ordered to pay over $2.5 Million in Monetary Sanctions
December 17th, 2014
The U.S. Commodity Futures Trading Commission (CFTC) today announced that the Honorable Ronnie L. White of the U.S. District Court for the Eastern District of Missouri entered a Consent Order for permanent injunction against Defendants Daniel K. Steele and ...
UK passes tough new transparency law for oil, gas and mining companies
December 1st, 2014
A historic law came into force in the UK today that will help fight poverty and corruption in resource-rich but poor countries said Global Witness, which has been campaigning for such measures for over 16 years. The new rules ...
SEC Charges HSBC’s Swiss Private Banking Unit With Providing Unregistered Services to U.S. Clients
November 26th, 2014
The Securities and Exchange Commission today charged HSBC’s Swiss-based private banking arm with violating federal securities laws by failing to register with the SEC before providing cross-border brokerage and investment advisory services to U.S. clients. HSBC Private Bank (Suisse) ...
Herbalife hires former U.S. regulator to lead compliance team
October 6th, 2014
Herbalife Ltd, the marketer of weight-management products, energy drinks and nutrition supplements that has come under investigation by the Federal Trade Commission as well as other agencies, has hired a former FTC official as its chief compliance officer. Herbalife ...
SEC Obtains Asset Freeze Against Company in Turks and Caicos Islands
September 17th, 2014
The U.S. Securities and Exchange Commission (SEC) announced an emergency asset freeze against a company located in Turks and Caicos Islands in connection with its operation of a South Florida-based Ponzi scheme. The SEC’s request for the emergency asset ...
U.S. SEC sets out settlement with AgFeed over accounting fraud
September 16th, 2014
AgFeed, a Tennessee animal feed company, will pay back $18 million in alleged illicit profits to settle civil accounting fraud charges, U.S. regulators said Monday. AgFeed Industries, which is currently in bankruptcy, was charged by the Securities and Exchange ...
