Search Results for: Securities and Exchange Commission
Top Cryptocurrency stories in 2018
December 27th, 2018
Following an intense 2017 with cryptocurrency market spikes, year 2018 is the year with great majority of digital assets plunged well over 80 percent in value since their all-time highs. Year 2018 is also filled with many headlines about the ...
JPMorgan to pay more than $135 million to settle charges
December 27th, 2018
The Securities and Exchange Commission (SEC) announced that JPMorgan Chase Bank N.A. will pay more than $135 million to settle charges of improper handling of “pre-released” American Depositary Receipts (ADRs). ADRs – U.S. securities that represent foreign shares of ...
Executives to pay Millions to settle initial coin offering scam charges
December 13th, 2018
Two former executives behind an allegedly fraudulent initial coin offering (ICO) that was stopped by the Securities and Exchange Commission (SEC) earlier this year have been ordered in federal court to pay nearly $2.7 million and prohibited from serving ...
Three Broker-Dealers to pay more than $6 Million in penalties
December 13th, 2018
The Securities and Exchange Commission (SEC) announced that three broker-dealers have agreed to pay more than $6 million to settle charges for providing the SEC with incomplete and inaccurate securities trading information in required SEC productions known as “blue ...
Penalty of $11 Million imposed for fraudulent commodity pool trading schemes
December 11th, 2018
The Commodity Futures Trading Commission (CFTC) announced an Order of default judgment and permanent injunction has been issued against defendants Scott Allensworth (d/b/a Capital Growth Group Associates and Cobra Development Group LLP), of Newhall, California, and his California company ...
SEC halts alleged insider trading ring spanning three countries
December 7th, 2018
The Securities and Exchange Commission (SEC) has filed insider trading charges against an IT contractor and two others he illegally tipped with confidential client information he stole while working in the Singapore branch of an investment bank. The SEC ...
CySEC: Be aware of fraudulent representation of CySEC officers
November 26th, 2018
The Cyprus Securities and Exchange Commission (CySEC), has issued today an announcement to warn about fraudulent representation of CySEC officers. In accordance CySEC’s announcement, a number of market participants have informed the CySEC about the fraudulent representation of CySEC ...
No end in sight for Crypto sell-off as Bitcoin approaches $4,000
November 21st, 2018
Turmoil engulfed cryptocurrency markets again on Tuesday, with every major coin extending a rout that’s rocked confidence in the nascent asset class just as U.S. regulators try to close in on alleged fraud. Bitcoin fell as much as 13 ...
Breaking: Cyprus Investment Firm license suspended
November 20th, 2018
The Cyprus Securities and Exchange Commission (CySEC) has issued an announcement to inform investors that on November 20, 2018, decided to suspend in whole the license of a Cyprus Investment Firm. In accordance CySEC’s announcement, the authorisation of the ...
Two Initial Coin Offering issuers settle registration charges
November 20th, 2018
The Securities and Exchange Commission (SEC) announced settled charges against two companies that sold digital tokens in initial coin offerings (ICOs). These are the Commission’s first cases imposing civil penalties solely for ICO securities offering registration violations. Both companies ...
