Search Results for: Fraud
Man behind GemCoin, a fake cryptocurrency, settles lawsuit for $71M
March 15th, 2017
Steve Chen is a Southern California entrepreneur who was accused by the Securities and Exchange Commission of creating a massive scheme involving GemCoin, a purported cryptocurrency that was “backed” by amber mines. He has just settled his lawsuit brought by the government. ...
Another market regulator warns for the risks in trading of Binary Options with unregulated platforms
March 14th, 2017
The Monetary Authority of Singapore (MAS) today issued a warning to investors on the trading of binary options with unregulated platforms. This comes in the wake of an increase in the number of complaints from investors who have suffered ...
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. ...
Cryptocurrencies are getting more popular, but why someone to use them?
March 9th, 2017
Cryptocurrencies like Bitcoin, Litecoin or Ether are getting more popular among people as more companies tend to accept them as a mean of payments. Cryptocurrencies are not bound by geography or any Central Bank. Out there, exist over 3000 ...
MFSA Mallta warns for CFDs, Forex, Binary Options and other speculative products
March 6th, 2017
Notice addressed to the general public, namely to retail investors, regarding the sale of speculative products and their associated risks. The Malta Financial Services Authority (“MFSA”) wishes to once ...
$299 million in compensation to investors; CSA published 2016 Enforcement Report
March 2nd, 2017
Canadian Securities Regulators introduce innovative initiatives and increase collaboration to deter market misconduct The Canadian Securities Administrators (CSA) today released its 2016 Enforcement Report. The ninth annual report highlights actions taken across Canada to deter and sanction wrongdoing in ...
Can the entire Israeli Binary Options industry shut down?
March 2nd, 2017
At Knesset session, supporters of widely fraudulent industry that fleeces victims worldwide say bill to ban it would put 80,000 Israelis out of work. Unfazed, regulators, police and legislators vow to expedite law Two advocates for Israel’s widely fraudulent ...
Just Three things investors must know
March 2nd, 2017
What investors must know when they are ready to invest? Investors purchase an asset or item that they believe and hope that it will generate income for them. From an economic view, investments are not for consumed today but ...
Former deputy attorney-general of Cyprus was sentenced to 3.5 years in prison
March 1st, 2017
Former deputy attorney-general Rikkos Erotokritou was sentenced to 3.5 years in prison on Wednesday for his involvement in a conspiracy with the Andreas Neocleous law firm in 2013. Panayiotis Neocleous, one of the law firm’s partners and son of ...
Dow Jones acquires RiskAverter
February 28th, 2017
Dow Jones Risk and Compliance, a leading provider of anti-money laundering, anti-corruption and sanctions compliance data solutions, has completed the acquisition of RiskAverter from U.S.-based Compliance Strategies International, LLC. RiskAverter’s innovative solution enables companies to automate risk “scoring” so ...
