Search Results for: SEC
Investigators turn attention to second forex fraud
January 25th, 2017
As the man behind a Dh50 million foreign exchange scheme that promised to double investors’ money is arrested for a second time, investigators are now turning their attention to a second forex fraud believed to have snared thousands of ...
SEC Announces $7 Million Whistleblower Award
January 25th, 2017
The Securities and Exchange Commission today announced an award of more than $7 million split among three whistleblowers who helped the SEC prosecute an investment scheme. One whistleblower provided information that was a primary impetus for the start of ...
SEC Announces Fraud Charges, Asset Freeze in Alleged Nursing Home Investment Scheme
January 24th, 2017
The Securities and Exchange Commission (SEC) announced fraud charges and an emergency asset freeze obtained against a businessman in South Carolina accused of siphoning funds he raised from investors for the purpose of purchasing or renovating senior housing facilities. The ...
The Commission de Surveillance du Secteur Financier warns for unauthorised investment firm
January 24th, 2017
The Commission de Surveillance du Secteur Financier (CSSF) has issued an announcement to warn the public of the activities of an entity named Ebel & Partner Luxembourg S.A. (website: www.ebelundpartners.com). The entity claims to be established at 26-28, rue ...
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 ...
CySec announced a €150.000 Settlement with a Cyprus Investment Firm
January 23rd, 2017
The Cyprus Securities and Exchange Commission (CySec) has issued an announcement to note the following: CySec, under article 37(4) of the Cyprus Securities and Exchange Commission Law of 2009, has the power to reach a settlement for any violation ...
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 ...
FINRA reports on potential Implications of Blockchain in the securities industry
January 19th, 2017
Distributed ledger technology (DLT), better known as blockchain, has garnered significant interest in the securities industry, with many market participants indicating a desire for increased regulatory engagement as they explore the technology and its possible applications. In response, the ...
CySec imposed more than €1,9 million in Administrative Fines on Investment firms in 2016
January 18th, 2017
The Cyprus Securities and Exchange Commission (CySec) has imposed the total of €1,911 million of fines on Cyprus Investment Firms in 2016. In this amount is included a settlement made between CySec and a CIF. The biggest fines were ...
CySec informs that domains/websites were inadvertently included in past warning for unauthorized domains/websites
January 17th, 2017
The Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform the investors and the public at large that the domains www.aaafx.com, www.zulutrade.com,1 www.admiralmarkets.com2 and www.yesfx.com.cy3 were inadvertently included in the Αnnex of the announcement issued by ...
