Search Results for: Securities and Exchange Commission
CySEC announced the authorization of two new Cyprus Investment Firms
June 20th, 2018
The Cyprus Securities and Exchange Commission (CySEC), the financial regulatory authority of Cyprus, has issued two announcements to inform that new companies have been approved by the Commission as Cyprus Investment Firms (CIFs). According the announcements, the firms Globesco ...
Merrill Lynch will pay a $42 Million penalty to settle charges
June 20th, 2018
The Securities and Exchange Commission charged Merrill Lynch, Pierce, Fenner & Smith with misleading customers about how it handled their orders. Merrill Lynch agreed to settle the charges, admit wrongdoing, and pay a $42 million penalty. According to the SEC’s ...
Global investment adviser to pay $8 million civil penalty
June 5th, 2018
The Securities and Exchange Commission announced that New York-based investment adviser deVere USA, Inc. has agreed to pay an $8 million civil penalty related to its failure to disclose conflicts of interest to its retail clients. The settlement will ...
Emergency Order halting fraudulent Initial Coin Offering scheme that raised $21 million
May 30th, 2018
The Securities and Exchange Commission announced it has obtained a court order halting an ongoing fraud involving an initial coin offering (ICO) that raised as much as $21 million from investors in and outside the U.S. The court also ...
SEC USA released a Public Statement by Chairman Jay Clayton on fraudulent Crypto ICOs
May 23rd, 2018
The U.S. Securities and Exchange Commission has released a Public Statement by Chairman Jay Clayton in relation to the North American Securities Administrators Association (NASAA) announcement of enforcement sweep targeting fraudulent ICOs and Crypto-asset investment products. According the Public ...
‘HoweyCoin’: SEC trolls Crypto fraudsters with fake ICO campaign
May 17th, 2018
‘In a landmark embrace of technological innovation, the US Securities and Exchange Commission (SEC) has announced that it will issue its own cryptocurrency – HoweyCoin – through an initial coin offering (ICO). Okay, that’s not actually true, but the ...
Individuals charged in international unlawful stock sales scheme
May 17th, 2018
The Securities and Exchange Commission (SEC) charged four individuals for their roles in a fraudulent scheme that generated nearly $34 million from unlawful stock sales and caused significant harm to retail investors. According to the SEC’s complaint, the defendants ...
CySEC released a statement of new rules governing derivatives on virtual currencies
May 16th, 2018
The Cyprus Securities and Exchange Commission (CySEC) has issued a statement to inform about new rules when providing investment services in relation to derivatives on virtual currencies. According the statement: Further to the European Securities and Markets Authority’s (ESMA) ...
CySEC informs that three Companies providing Administrative Services waived their license
May 16th, 2018
The Cyprus Securities and Exchange Commission (CySEC) has issued an announcement to inform that, on 30th March 2018, 26th April 2018 and 30th April 2018 the Companies providing Administrative Services Margelore Management Ltd, Interquick Ltd and NSC Global Corporate ...
Administrative Services Provider in Cyprus waived its authorization
May 4th, 2018
The Cyprus Securities and Exchange Commission (‘CySEC’) has issued an announcement to inform that, on 31st December 2017, the Company Providing Administrative Services Lexpro Holding & Consulting Services Ltd (the ‘Company’), waived its authorization, pursuant to section 16 of the ...
