Search Results for: Securities and Exchange Commission
SEC and FINRA Warn Investors About Penny Stock Scams
October 31st, 2014
The Securities and Exchange Commission’s Office of Investor Education and Advocacy and the Financial Industry Regulatory Authority (FINRA) issued an alert warning investors that some penny stocks being aggressively promoted as great investment opportunities may in fact be stocks ...
SEC charges investment advisory firm and top officials for custody rule violations
October 30th, 2014
The Securities and Exchange Commission (SEC) announced charges against an investment advisory firm and three top officials for violating the “custody rule” that requires firms to follow certain procedures when they control or have access to client money or ...
CySec and FSC warn against LiveFX
October 27th, 2014
The Cyprus Securities and Exchange Commission (CySec) and the FSC Mauritius have recently been made aware that LiveFX is displaying a fraudulent copy of an Investment Dealer, Full Service Dealer (excluding underwriting) Licence portraying the logo FSC Mauritius which is accessible ...
CySec: Amendment of Directive regarding Certification and public register
October 23rd, 2014
The Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform all interested parties that the Directive regarding the Certification of employees and the public register (R.A.D. 499/2012) («the Directive») has been amended in regards to the passing grade ...
SEC Charges Current and Former E*TRADE Subsidiaries With Improperly Selling Penny Stocks
October 10th, 2014
The Securities and Exchange Commission announced an enforcement action against current and former brokerage subsidiaries of E*TRADE Financial Corporation that failed in their gatekeeper roles and improperly engaged in unregistered sales of microcap stocks on behalf of their customers. ...
CySec on ESMA’s draft Regulatory Technical Standards
October 10th, 2014
The Cyprus Securities and Exchange Commission (CySec) issued an announcement regarding Issuers with securities admitted to trading on the Cyprus Stock Exchange or any other regulated market and any other stakeholder who is affected by Directive 2003/71/EC, for prospectuses ...
SEC Obtains Asset Freeze Against Company in Turks and Caicos Islands
September 17th, 2014
The U.S. Securities and Exchange Commission (SEC) announced an emergency asset freeze against a company located in Turks and Caicos Islands in connection with its operation of a South Florida-based Ponzi scheme. The SEC’s request for the emergency asset ...
BofA Tax Set-Aside and Wylys Penalty
August 25th, 2014
Bank of America Corp. must set aside $490 million of its Aug. 21 $16.7 billion settlement to cover taxes that borrowers face on forgiven mortgage debt — a step taken by the Justice Department to give homeowners relief that ...
SEC charges Former Bank Executive and Friend With Insider Trading
August 19th, 2014
The Securities and Exchange Commission (SEC) has charged a former bank executive in Massachusetts and his friend with insider trading in advance of the bank’s acquisition of another financial institution. The SEC alleges that Patrick O’Neill, then a senior ...
SEC charges stock company of oil and gas production
August 18th, 2014
The Securities and Exchange Commission (SEC) has announced charges against a Houston-based penny stock company and four individuals behind a pump-and-dump scheme that misled investors to believe the company was on the brink of developing revolutionary technology to enable ...
