Search Results for: Securities and Exchange Commission
Founder of digital “token” trading platform settled charges
November 9th, 2018
The Securities and Exchange Commission (SEC) announced settled charges against Zachary Coburn, the founder of EtherDelta, a digital “token” trading platform. This is the SEC’s first enforcement action based on findings that such a platform operated as an unregistered ...
Citibank agreed to pay millions to settle charges
November 8th, 2018
The Securities and Exchange Commission (SEC) announced that Citibank N.A. has agreed to pay $38.7 million to settle charges of improper handling of “pre-released” American Depositary Receipts (ADRs). ADRs – U.S. securities that represent foreign shares of a foreign ...
CySEC announced withdrawal of Cyprus Investment Firm license
November 1st, 2018
The Cyprus Securities and Exchange Commission (CySEC) has issued today an announcement to inform investors for the withdrawal of the authorisation of a Cyprus Investment Form. In accordance the announcement published, CySEC, on its meeting of 29th October 2018, ...
Bitcoin turns 10 — how it went from an abstract idea to a $100 billion market in a decade
November 1st, 2018
Ten years ago, as Lehman Brothers was declaring bankruptcy and the global economy was lurching into recession, the idea for an alternative currency was being quietly built online. Bitcoin went from an anti-establishment fad on the internet to a ...
CySEC imposed 10.000 euro fine to an individual
October 22nd, 2018
The Board of the Cyprus Securities and Exchange Commission (‘CySEC’) has issued an announcement to inform the public that, at its meeting held on 3rd September 2018, decided to impose an administrative fine of €10.000 to Mrs Milena Valentinova Christofide. ...
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, ...
