Search Results for: U.S. Securities and Exchange Commission
SEC Charges Firms Involved in Layering, Manipulation Schemes
March 13th, 2017
The Securities and Exchange Commission today announced fraud charges against a Ukraine-based trading firm accused of manipulating the U.S. markets hundreds of thousands of times and the New York-based brokerage firm and CEO who allegedly helped make it possible. ...
SEC Posts Notice of Availability of IFRS Taxonomy
March 2nd, 2017
Foreign Private Issuers May Begin Submitting Their Financial Statements in XBRL The Securities and Exchange Commission published a taxonomy on its website so that foreign private issuers that prepare their financial statements in accordance with International Financial Reporting Standards (IFRS) ...
Hong Kong police struggle to stop brokerage hacking spree
February 16th, 2017
Hong Kong police are struggling to deal with digital pump-and-dump schemes targeting brokerages – a little-known type of computer-generated fraud that surged in the Chinese territory last year. Although the money involved was small – only about $20 million ...
SEC is freezing brokerage accounts holding more than $29 million in illegal profits
February 13th, 2017
SEC Charges Chinese Citizens Who Reaped Massive Profits From Insider Trading on Comcast-Dreamworks Acquisition Obtains Court Order Freezing More Than $29 Million in U.S. Accounts The Securities and Exchange Commission announced that it obtained an emergency court order freezing brokerage ...
As Bitcoin ETF Nears, Analysts Warn of Trading Frenzy
February 7th, 2017
If the Securities and Exchange Commission approves a bitcoin exchange-traded fund next month, it might set off a speculative rush into bitcoin. An easily accessed ETF that tracks the value of bitcoin could cause money to flood into the ...
FXCM to exit U.S market following the penalty; Sells accounts to Gain Capital
February 7th, 2017
Following the penalty imposed by CFTC, FXCM has issued an announcement to inform that FXCM US reaches Settlement with NFA and CFTC, the company to Exit the U.S., sells Accounts to GAIN and the company to Pay down Loan. ...
SEC charges two men for running a Ponzi scheme with money raised from investors
January 30th, 2017
The Securities and Exchange Commission today announced fraud charges against two New York City men accused of running a Ponzi scheme with money raised from investors to fund businesses purportedly created to purchase and resell tickets to such high-demand ...
E*TRADE ordered to pay a $280,000 penalty
January 27th, 2017
The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and settling charges against E*TRADE Securities LLC (E*TRADE Securities), an Introducing Broker, and E*TRADE Clearing LLC (E*TRADE Clearing), a Futures Commission Merchant, for non-compliance with applicable record-keeping ...
Yahoo Faces SEC Probe Over Data Breaches
January 23rd, 2017
U.S. authorities are investigating whether Yahoo Inc.’s two massive data breaches should have been reported sooner to investors, according to people familiar with the matter, in what could prove to be a major test in defining when a company ...
SEC Establishes Supervisory Cooperation Arrangement With Hong Kong SFC
January 20th, 2017
The Securities and Exchange Commission today announced that it has established a comprehensive arrangement with the Hong Kong Securities and Futures Commission (SFC) as part of the SEC’s long-term strategy to enhance the oversight of regulated entities that operate ...
