Search Results for: U.S. Securities and Exchange Commission
SEC Charges 11 Bank Officers and Directors With Fraud
January 14th, 2016
The Securities and Exchange Commission today announced fraud charges against 11 former executives and board members at Superior Bank and its holding company involved in various schemes to conceal the extent of loan losses as the bank was faltering ...
China and Clinton Agree: Traders Should Pay for Canceled Orders
December 30th, 2015
CSRC rule proposals seen taking effect in as early as 2016 Proposal to levy fees on high cancel rates echoes Clinton plan Chinese securities regulators are preparing some of the world’s strictest regulations on a trading practice at the ...
Exchange operator BATS files to go public
December 16th, 2015
BATS Global Markets Inc filed for an initial public offering with U.S. regulators on Wednesday, in what would be the exchange operator’s second attempt at going public. The company told the U.S Securities and Exchange Commission in a preliminary ...
Paul P. Andrews of FINRA Named IOSCO Secretary General
December 16th, 2015
The Board of the International Organization of Securities Commissions (IOSCO) today announced it has appointed Paul P. Andrews as its new Secretary General. Mr. Andrews is currently the Vice President and Managing Director of International at the Financial Industry ...
CFTC charges IB Capital FX and agents for Forex Trading case
November 17th, 2015
The U.S. Commodity Futures Trading Commission (CFTC) filed a civil enforcement Complaint charging Defendants IB Capital FX, LLC (a/k/a IB Capital FX LLP) d/b/a IB Capital (IB Capital), Michel Geurkink, and Emad Echadi, individually and as the agents of IB Capital, with soliciting and accepting ...
BaFin and the SEC: An international comparison of supervisory practice
November 3rd, 2015
The Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) is often compared to the U.S. Securities and Exchange Commission (SEC) in the media and by the public. The SEC is frequently perceived as the more powerful authority, in ...
Over $31 Million in penalties for Fraud and Ponzi Scheme Operator
October 21st, 2015
In a Related Criminal Action, John R. Bullar was sentenced to 8 Years 4 Months in Prison and Ordered to Pay over $6 Million in Criminal Restitution The U.S. Commodity Futures Trading Commission (CFTC) today announced that Judge Michael ...
Federal Court charges Alexander Glytenko and Direct Investment Products, Inc.
October 6th, 2015
Federal Court Orders Alexander Glytenko and His Company, Direct Investment Products, Inc., to Pay a Monetary Penalty and Restitution Totaling More than $3.8 Million in Connection with Commodity Pool Fraud The U.S. Commodity Futures Trading Commission (CFTC) today announced ...
Securities broker dealer for bankruptcy liquidation amid legal claims
September 25th, 2015
An 82-employee securities broker-dealer has shut down and filed for Chapter 7 bankruptcy liquidation after customers asked a federal judge to enforce a $1.54 million arbitration award. Fintegra’s Sept. 16 petition for bankruptcy protection lists $1.8 million in assets ...
SEC Charges BDO and Five Partners in Connection With False and Misleading Audit Opinions
September 10th, 2015
The Securities and Exchange Commission today charged national audit firm BDO USA with dismissing red flags and issuing false and misleading unqualified audit opinions about the financial statements of staffing services company General Employment Enterprises. The SEC also charged ...
