SEC Charges Operators of Fake Day-Trading Firm With Defrauding Inexperienced Investors
December 22nd, 2016
The Securities and Exchange Commission today charged two men behind a phony day-trading firm with pocketing more than $1.4 million in deposits from hundreds of defrauded investors worldwide. The SEC alleges that Naris Chamroonrat of Bangkok, Thailand, recruited Adam ...
CFTC Orders Convergent Wealth Advisors LLC to Pay an $800,000
December 20th, 2016
CFTC Orders Convergent Wealth Advisors LLC to Pay an $800,000 Civil Monetary Penalty for Fraudulent Omissions and False Statements in Connection with an Employee’s Commodity Pool David Zier made fraudulent representations and issued false statements to clients in connection ...
Authorities Allege $1 Billion Fraud at Platinum Partners
December 20th, 2016
In June 2014, the founder of hedge fund Platinum Partners sent a panicked email to his partner. “It can’t go on like this,” wrote Mark Nordlicht, fretting about mounting requests from investors for their money back. “This is code ...
FINRA Fines Deutsche Bank $3.25 Million
December 19th, 2016
FINRA Fines Deutsche Bank $3.25 Million for Deficient Disclosures Concerning the Operation of Its Alternative Trading System The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Deutsche Bank Securities Inc. $3.25 million for failing to provide ...
CySec approves two new Administrative Services Providers
December 19th, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued announcements to inform that the Commission has approved two new firms as Administrative Services Provider (ASP). According the announcements, the below firms have been approved: a) Dynasource Consultancy Limited 67 Lemessou Avenue, ...
CySec warns for domains-websites not authorised to provide investment services
December 14th, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform investors and public for domains/websites that are not owned or operated by Cyprus Investment Firms (CIFs) which have been authorised by CySec to provide investment services. ...
CySec decided to wholly withdraw the license of a Cyprus Investment Firm
December 13th, 2016
The Cyprus Securities and Exchange Commission (‘CySEC’) announces that, on its meeting of 28th November 2016, has decided, pursuant to sections 25(1)(b), 25(1)(c) and 26(4)(b) of the Investment Services and Activities and Regulated Markets Law of 2007, as in ...
Two traders charged in $26 Million Stock Manipulation Scheme
December 13th, 2016
SEC Files Charges in $26 Million Stock Manipulation Scheme The Securities and Exchange Commission today charged two New Jersey-based traders with manipulating more than 2,000 NYSE- and NASDAQ-traded stocks and reaping more than $26 million in profits from their ...
ENGLISH SALES OFFICER
December 9th, 2016
Industry: Financial Services Description: XTrade is an award-winning provider of desktop and mobile trading services, featuring CFD trading on stocks, national stock indices, commodities, and currencies. The brokerage’s financial technology includes five digital trading platforms, all of which are ...
HUNGARIAN RETENTION OFFICER
December 9th, 2016
Industry: Financial Services Description: XTrade is an award-winning provider of desktop and mobile trading services, featuring CFD trading on stocks, national stock indices, commodities, and currencies. The brokerage’s financial technology includes five digital trading platforms, all of which are ...
