Search Results for: Securities and Exchange Commission
Former BDO USA accountants suspended
October 16th, 2018
The Securities and Exchange Commission (SEC) suspended three former BDO USA LLP accountants for their improper professional conduct during an audit of an exchange-listed insurance company. According to the SEC’s order, BDO fell behind schedule while conducting its 2013 integrated ...
Beware of fraudulent initial coin offering
October 12th, 2018
The Securities and Exchange Commission (SEC) announced that it has obtained an emergency court order halting a planned initial coin offering (ICO), which backers falsely claimed was approved by the SEC. The order also halts ongoing pre-ICO sales by ...
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 ...
Investors Alert: The Cyprus financial regulator issued warnings
October 8th, 2018
The Cyprus Securities and Exchange Commission (CySEC) has issued warnings to inform investors that the websites binatex.com and primustrades.com have not been authorised by CySEC, and the company Brisk Liquidity Ltd through the website www.briskliquidity.nz, uses the name of ...
Online trading provider paid €50.000 to settle charges
October 2nd, 2018
The Cyprus Securities and Exchange Commission (CySEC), the financial regulatory authority of Cyprus, has issued an announcement to inform that a settlement has been reached with the Cyprus Investment Firm (CIF) AFX Capital Markets Ltd («the Company»). According the announcement, ...
CySEC announced that Kit Finance Brokers Ltd is authorised as a Cyprus Investment Firm
October 2nd, 2018
The Cyprus Securities and Exchange Commission (CySec), the financial regulatory authority of Cyprus, has issued an announcement to inform that a new company has been approved by the Commission as Cyprus Investment Firm (CIF). According the announcement, the firm ...
SEC shuts down a $345 million Ponzi-like scheme
September 24th, 2018
The Securities and Exchange Commission (SEC) announced it has obtained a court order halting an ongoing Ponzi-like scheme that raised more than $345 million from over 230 investors across the U.S. The SEC also obtained an emergency asset freeze and ...
CySEC withdraw the license of two Cyprus Investment Firms
September 17th, 2018
The Cyprus Securities and Exchange Commission (CySEC), the independent public supervisory Authority responsible to exercise effective supervision to ensure investor protection and the healthy development of the securities market in Cyprus, has issued two announcements to inform the withdrawal ...
Broker-Dealer to pay $2.75 million penalty
September 14th, 2018
The U.S. financial regulator Securities and Exchange Commission (SEC) announced that Convergex Execution Solutions LLC, now known as Cowen Execution Services LLC, will pay $2.75 million to settle charges that the broker-dealer firm provided the SEC with incomplete and ...
Cryptocurrency ether plunges again, decoupling from bitcoin
September 13th, 2018
Ether, one of the best-performing cryptocurrencies during the boom last year, is taking another nose dive on Wednesday. The world’s second largest cryptocurrency fell 8 percent to a low of $170.34, bringing its drop since the high in January ...
