Search Results for: SRA
Emergency action filed against a Swiss-based company for microcap fraud scheme
October 9th, 2018
The Securities and Exchange Commission has filed an emergency action and obtained an asset freeze against two individuals and their companies in a scheme that generated more than $165 million of illegal sales of stock in at least 50 ...
Diamond prices continued to soften during the quieter summer period
September 13th, 2018
Diamond prices continued to soften during the quieter summer period, reports Rapaport in its diamond index for August. Factors such as the closure of bourses in Belgium and Israel caused prices for 0.30-, 0.50-, and one-carat diamonds to fall ...
Two men charged with fraud in fake trading accounts scheme
September 7th, 2018
The Securities and Exchange Commission (SEC) charged two Michigan men with fraud for their roles in a fake accounts scheme perpetrated by a phony day-trading firm, Nonko Trading. The SEC alleges that Jeffrey Goldman of West Bloomfield, Michigan, and ...
Investors claim they lost €4.1m in Binary Options scam
September 3rd, 2018
A group of investors who claim they lost millions of euro in an electronic trading scam have brought a High Court damages action against an Irish-registered firm and Irish- and Israeli-based directors. They have sued Greymountain Management Ltd, which ...
Early Review: European stocks finished higher; Investors keep a close eye on news out of Turkey
August 21st, 2018
European stocks finished Monday’s session higher, as investors awaited the outcome of trade talks between the world’s two largest economies, due to take place later this week. The pan-European STOXX 600 was closed up 0.57 percent provisionally, with the ...
Diamond prices rise in June
July 9th, 2018
Diamond market sentiment was positive in June after the Las Vegas shows demonstrated robust US jewelry demand. Suppliers held polished prices firm amid shortages in some categories and as high rough prices squeezed manufacturing profit margins. The RapNet Diamond ...
Omega Knight 2 and two individuals charged with $5.5 Million precious metals fraud
June 14th, 2018
The Commodity Futures Trading Commission (CFTC) filed a civil enforcement action in the U.S. District Court for the Southern District of Florida against Defendants Omega Knight 2, LLC (Omega Knight), its owner and president, Aviv Michael Hen (Aviv Hen) ...
Société Générale to pay millions for LIBOR and Euribor manipulation charges
June 5th, 2018
The Commodity Futures Trading Commission (CFTC) issued an Order filing and settling charges against Société Générale S.A. (Société Générale or the Bank) for attempted manipulation of and false reporting in connection with the London Interbank Offered Rate (LIBOR) for ...
This is the first country in the world to recognize a cryptocurrency as legal tender
March 5th, 2018
The Marshall Islands is creating its own digital currency in a bid to raise money. In doing so it becomes the first country in the world to recognize a cryptocurrency as legal tender. The small Pacific Island nation passed ...
Regulator calls on Google to ban ads for binary options, cryptocurrencies
February 6th, 2018
Following Facebook’s announcement last week that it was banning all advertising for binary options, cryptocurrencies and initial coin offerings, a Canadian regulator has called on Google to do the same. Jason Roy, a senior investigator at the Manitoba Securities ...
