Search Results for: Federal Trade Commission
SEC warns for fraudsters who may attempt to manipulate share prices by using social media
November 6th, 2015
The U.S. Securities and Exchange Commission’s (SEC) Office of Investor Education and Advocacy (“OIEA”) is issuing this Investor Alert to warn investors about fraudsters who may attempt to manipulate share prices by using social media to spread false or ...
Oil Price Paradox: Gasoline Could Be Even Cheaper
November 3rd, 2015
The price of gasoline is declining more slowly than oil, illustrating how consumers aren’t fully benefiting from falling commodities prices. Typically, gas prices go up and down in tandem with crude oil, the main ingredient. But recently, oil prices ...
CFTC charges individial for fraud involving a Futures Trading System and Advisory Service
October 22nd, 2015
Gramalegui also Charged with Violating a CFTC Administrative Order Entered in 2001, Settling Prior Fraud Charges Brought against Him The U.S. Commodity Futures Trading Commission (CFTC) today announced the filing of a civil enforcement action in the U.S. District ...
UBS to Pay $19.5 Million Settlement Involving Notes Linked to Forex trading strategy
October 14th, 2015
Case Is Agency’s First Against an Issuer of Retail Structured Notes The Securities and Exchange Commission today announced that UBS AG has agreed to pay $19.5 million to settle charges that it made false or misleading statements and omissions ...
SEC charged Trading Company With failing to maintain Policies to prevent misuse of Material Nonpublic Information
October 13th, 2015
The Securities and Exchange Commission today charged Wolverine Trading LLC and Wolverine Asset Management LLC with failing to maintain and enforce policies and procedures to prevent the misuse of material nonpublic information. The Chicago-based affiliates will pay more than ...
Banks Finalize $1.86 Billion Credit-Swaps Settlement
October 2nd, 2015
Suit claimed banks conspired to prevent competition Wall Street’s biggest banks have agreed to pay $1.86 billion to settle accusations that they conspired to prevent competition in the credit-derivatives markets, according to plaintiff lawyers in the private lawsuit. Twelve ...
Credit Suisse to Pay $4.25 Million and Admits to Providing Deficient “Blue Sheet” Trading Data
September 29th, 2015
The Securities and Exchange Commission today charged Credit Suisse Securities (USA) LLC with submitting deficient information to the agency over a two-year period about trades done by its customers, commonly referred to as “blue sheet data.” Credit Suisse Securities ...
CFTC charged FOREXNPOWER for Forex Fraud Scheme
September 28th, 2015
CFTC Charges New York Corporations Safety Capital Management, Inc. and GNS Capital, Inc., both d/b/a FOREXNPOWER, and New York City Residents John Won, Sungmi Kang, and Tae Hung (“Kevin”) Kang with Fraudulently Soliciting More than $1.5 Million in a ...
Asian stocks climb amid Fed rate wait, but China lags
September 17th, 2015
Asian stocks advanced on Thursday, as investors eyed gains in oil prices and the positive lead from Wall Street. However, trade volumes could stay light as investors await the Federal Reserve‘s policy decision. The Fed’s Federal Open Market Committee (FOMC) ...
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 ...
