Search Results for: U.S. Securities and Exchange Commission
Kcg Launches Direct-To-Client Market Making Relationship, Acknowledge
September 11th, 2015
Combines Advanced Technology with Increased Transparency and Accountability to Drive Enhanced Long-term Liquidity Strategies Acknowledge Execution Protocols to be Made Publicly Available for All Asset Classes KCG Holdings, Inc. (NYSE: KCG) announced today the launch of KCG Acknowledge, a direct-to-client ...
Looming FOMC meeting keeps Asian stocks on edge
September 11th, 2015
Asian stocks see-sawed on the final trading day of the week, as investors eyed increased uncertainty heading into the Federal Reserve‘s crucial meeting on interest rates next week. The Fed is widely expected to raise its near-zero interest rate as ...
SEC Charges Three RMBS Traders With Defrauding Investors
September 9th, 2015
The Securities and Exchange Commission today announced fraud charges against three traders accused of repeatedly lying to customers relying on them for honest and accurate pricing information about residential mortgage-backed securities (RMBS). The SEC alleges that Ross Shapiro, Michael ...
SEC Charges Hedge Fund Adviser
September 7th, 2015
The Securities and Exchange Commission (SEC) has issued a press release to inform that the Commission charges Seattle-Area Hedge Fund Adviser With Taking Unearned Management Fees. Two Accountants Charged With Performing Deficient Audit of Fund According to SEC announcement, ...
Ex-Merrill Lynch Broker Ordered to Pay Restitution for Insider Trading
August 26th, 2015
Scheme used offshore brokerage account to make trades based on Qualcomm inside information A former Merrill Lynch broker was ordered to pay $1.4 million in restitution to the brokerage on Tuesday for his role in an insider-trading scheme involving ...
SEC Announces Asset Freeze Against Alleged EB-5 Fraudster in Seattle Area
August 26th, 2015
The Securities and Exchange Commission today announced an asset freeze obtained against a man in Bellevue, Wash., accused of defrauding Chinese investors seeking U.S. residency through the EB-5 Immigrant Investor Pilot Program by investing in his companies. The SEC ...
SEC Charges 32 Defendants in Scheme to Trade on Hacked News Releases
August 12th, 2015
Hackers, Traders Allegedly Reaped More Than $100 Million of Illegal Profits The Securities and Exchange Commission today announced fraud charges against 32 defendants for taking part in a scheme to profit from stolen nonpublic information about corporate earnings announcements. ...
Credit Suisse, Barclays in Talks to Settle ‘Dark Pool’ Allegations
August 12th, 2015
U.S. regulators could levy large fines over alleged wrongdoings Credit Suisse Group AG and Barclays PLC, two of the biggest operators of “dark pools,” have entered settlement negotiations with the New York attorney general and the Securities and Exchange Commission over allegations of ...
Execution Broker ITG Ousts CEO Gasser After Probe
August 4th, 2015
Investment Technology Group’s investigation found Robert Gasser failed to disclose some details of alleged improprieties to board The announcement of ITG was saying that the company has replaced Bob Gasser as its chief executive officer with Jarrett Lilien, a ...
$76 Million penalties for Forex Ponzi Scheme
August 3rd, 2015
In Related Criminal Actions, Simmons Sentenced to 40 Years’ and Salazar Sentenced to 4.5 Years’ Incarceration and Ordered to Pay in Total $40 Million in Criminal Restitution Both Simmons and Salazar Currently are Serving Their Prison Sentences The U.S. ...
