Search Results for: U.S. District Court
CFTC charges purported hedge fund that traded commodity futures and forex contracts
April 21st, 2017
CFTC Charges Purported Hedge Fund Capitol Equity FX LLC and California Residents Robert Leland Johnson IV and Marisa Elena Johnson with Fraud, Misappropriation, and Registration Violations The U.S. Commodity Futures Trading Commission (CFTC) today announced the filing of a ...
Bose Headphones accused in lawsuit of spying on listeners
April 20th, 2017
A new class-action lawsuit claims high-end headphone company Bose has been tracking and distributing customers’ data without telling them. According to the complaint, filed late Tuesday in the U.S. District Court in Chicago, the headphone company’s Bose Connect app ...
Overseas Traders Paying Back All Profits Plus Penalties in Insider Trading Case
March 27th, 2017
The Securities and Exchange Commission today announced that three Peruvian traders have agreed to settle a pending case alleging that they traded on nonpublic information prior to the merger of two mining companies. The SEC filed its complaint in ...
PwC settle $3 billion suit by MF global
March 24th, 2017
The trial between bankrupt brokerage MF Global, run by former New Jersey Gov. Jon Corzine, and its former accounting firm, PwC, came to an unceremonious end on Thursday, with both parties saying they have reached a settlement. Terms of ...
More than 64,000 drivers are now intending to sue Volkswagen on dieselgate
March 22nd, 2017
Lawyers are aiming to win back thousands of pounds in compensation for buyers VW fitted cheating software in 11million cars sold worldwide, which meant they produced fewer toxic gases in tests, but were actually much more polluting VW ...
Company and its owner ordered to pay $6.5 Million penalty in Binary Options fraud case
March 22nd, 2017
Federal Court in Florida Orders Neil Pecker and His Company, Vision Financial Partners, LLC, to Pay More than $6.5 Million in Restitution and a Civil Monetary Penalty in CFTC Binary Options Fraud Action Relief Defendants Prometheus Enterprises, Inc. and ...
SEC Charges Firms Involved in Layering, Manipulation Schemes
March 13th, 2017
The Securities and Exchange Commission today announced fraud charges against a Ukraine-based trading firm accused of manipulating the U.S. markets hundreds of thousands of times and the New York-based brokerage firm and CEO who allegedly helped make it possible. ...
PwC in US sued for MF Global’s Collapse
March 8th, 2017
MF Global, PwC Blame Each Other for MF Global’s Collapse The trial between PwC, one of the world’s largest accounting firms, and the bankrupt brokerage MF Global gets underway. The trial between one of the world’s largest accounting firms ...
SEC is freezing brokerage accounts holding more than $29 million in illegal profits
February 13th, 2017
SEC Charges Chinese Citizens Who Reaped Massive Profits From Insider Trading on Comcast-Dreamworks Acquisition Obtains Court Order Freezing More Than $29 Million in U.S. Accounts The Securities and Exchange Commission announced that it obtained an emergency court order freezing brokerage ...
Why the owner of a New York brokerage accused of $17M ‘pump-and-dump’ scheme walks free
February 2nd, 2017
The U.S. took too long to charge an owner of a New York brokerage with orchestrating a $17 million pump-and-dump scheme, a judge ruled in throwing out the indictment. Guy Gentile was accused by the government of buying shares ...
