Search Results for: U.S. Securities and Exchange Commission
$85 million ponzi scheme shuts down
May 3rd, 2018
The Securities and Exchange Commission announced the unsealing of fraud charges against a Mississippi company and its principal who allegedly bilked at least 150 investors in an $85 million Ponzi scheme. The defendants agreed to permanent injunctions, an asset ...
Bitcoin makes a comeback
April 13th, 2018
Tax selling was the culprit behind this year’s massive bitcoin sell-offs, Spencer Bogart, a partner at Blockchain Capital, told CNBC. “People realized way more tax gains in 2017 than they expected to,” Bogart said Thursday on “Fast Money.” “And ...
Bitcoin rallies above $9,000 after positive G-20 cryptocurrency meeting
March 21st, 2018
Bitcoin prices recovered above $9,000 after regulators had “productive” discussions on cryptocurrency at a G-20 meeting of finance ministers and central bank governors in Buenos Aires, Argentina, on Tuesday. Bitcoin prices topped $9,000 after finance ministers took a more ...
ETF vs. Mutual Fund: What’s the Difference?
March 6th, 2018
Exchange-traded funds (ETFs) and mutual funds are two of the most common ways for Americans to invest. And while the investment vehicles have some important similarities, they have some key differences. ETFs saw a record year of new investment ...
Broker charged with giving special access to IPOs for cash kickbacks
December 20th, 2017
The Securities and Exchange Commission charged a Wall Street stockbroker with illegally accepting more than $1 million in undisclosed kickbacks for giving certain customers preferential access to lucrative IPOs, enabling them to reap major trading profits in the secondary ...
Supervisory Authority Halts A Fast-Moving Initial Coin Offering Fraud That Raised Up To $15 million
December 5th, 2017
The Securities and Exchange Commission (SEC) announced it obtained an emergency asset freeze to halt a fast-moving Initial Coin Offering (ICO) fraud that raised up to $15 million from thousands of investors since August by falsely promising a 13-fold ...
Investors Beware To Online Paid-To-Click Scams
November 8th, 2017
The U.S. Securities and Exchange Commission has issued a warning to inform investors to beware online “paid-to-click” scams that promise an easy payday by merely purchasing a membership or an advertising product up front and then clicking on a ...
Bitcoin Just Surged Past $7,000. Here’s Why
November 3rd, 2017
As of late Thursday, the price of Bitcoin was about $7,000, having reached the threshold for the first time just hours earlier. The upswing continued a rally that started Wednesday, when the Chicago Merchantile Exchange announced plans to offer ...
Day Trader Charged in Brokerage Account Takeover Scheme
October 31st, 2017
The Securities and Exchange Commission charged a day trader based in the Philadelphia area with participating in a scheme to access the brokerage accounts of more than 100 unwitting victims and make unauthorized trades to artificially affect the stock ...
Lawyers Charged With Assisting a Microcap Fraud Scheme
October 12th, 2017
The Securities and Exchange Commission today charged two lawyers it alleges helped facilitate a microcap fraud scheme involving undisclosed “blank check” companies secretly bound for reverse mergers. In complaints filed in the U.S. District Court for the Southern District ...
