Search Results for: Securities and Exchange Commission
BCSC issued a warning against a Binary Options trading platform based in London
September 19th, 2016
The British Columbia Securities Commission (BCSC) has issued a warning to inform regarding binary options trading platform Edgedale Finance which claims to be based in London, England. BCSC became aware that a British Columbia (BC) resident was able to open a trading account with ...
“Stock Trading Whiz Kid” to Pay $1.5 Million to Settle Stock Newsletter Fraud Charges
September 15th, 2016
The Securities and Exchange Commission today announced that a self-proclaimed “stock trading whiz kid” and his stock newsletter company in Los Angeles have agreed to pay nearly $1.5 million to settle charges that they defrauded subscribers through false statements ...
Two investment firms charged with compliance failures
September 9th, 2016
The Securities and Exchange Commission announced that two investment advisory firms are settling charges related to compliance failures within their wrap fee programs. SEC investigations found that St. Petersburg, Fla.-based Raymond James & Associates and Milwaukee-based Robert W. Baird & ...
The One Trillion Dollar Consumer Auto Loan Bubble Is Beginning To Burst
September 7th, 2016
Do you remember the subprime mortgage meltdown from the last financial crisis? Well, this time around we are facing a subprime auto loan meltdown. In recent years, auto lenders have become more and more aggressive, and they have been ...
SEC Whistleblower Program Surpasses $100 Million in Awards
August 31st, 2016
The Securities and Exchange Commission’s awards to whistleblowers have surpassed the $100 million mark with the program’s second-largest award of more than $22 million announced earlier today. The whistleblower program was established by Congress to incentivize whistleblowers with specific, timely and ...
SEC Adopts Amendments Providing Authorities Access to Data Obtained by Security-Based Swap Data Repositories
August 30th, 2016
The Securities and Exchange Commission today adopted amendments to a rule that would require security-based swap data repositories to make data available to regulators and other authorities, allowing them to share information and more effectively oversee the security-based swap ...
SEC fined 13 Investment Advisory Firms
August 26th, 2016
The Securities and Exchange Commission today announced penalties against 13 investment advisory firms found to have violated securities laws by spreading the false claims made by an investment management firm about its flagship product. An SEC enforcement sweep of ...
SEC charged Apollo Global Management for misleading fund investors
August 24th, 2016
The Securities and Exchange Commission today announced that four private equity fund advisers affiliated with Apollo Global Management have agreed to a $52.7 million settlement for misleading fund investors about fees and a loan agreement and failing to supervise ...
Accounting whistleblower turns down multi-million reward
August 22nd, 2016
A whistleblower whose information helped reveal false accounting at Deutsche Bank has turned down a huge financial reward from the Securities and Exchange Commission in protest of failure to punish wrong-doing executives at the bank. Eric Ben-Artzi, a former Deutsche risk ...
Former Goldman Sachs Trader Settles Fraud Charges
August 19th, 2016
The Securities and Exchange Commission today announced that the former head trader in residential mortgage-backed securities (RMBS) at Goldman Sachs has agreed to be barred from the securities industry and pay $400,000 to settle charges that he repeatedly misled ...
