Search Results for: fed
Beware of fraudulent initial coin offering
October 12th, 2018
The Securities and Exchange Commission (SEC) announced that it has obtained an emergency court order halting a planned initial coin offering (ICO), which backers falsely claimed was approved by the SEC. The order also halts ongoing pre-ICO sales by ...
We should ditch GDP as a measure of economic activity
October 10th, 2018
This article exposes the false economic concepts behind GDP, which is only the visible tip of a large iceberg of economic deceit. Describing an increase in GDP as economic growth owes its meagre validity to imprecise definition. An ...
Emergency action filed against a Swiss-based company for microcap fraud scheme
October 9th, 2018
The Securities and Exchange Commission has filed an emergency action and obtained an asset freeze against two individuals and their companies in a scheme that generated more than $165 million of illegal sales of stock in at least 50 ...
U.S. District Court finds that virtual currencies are commodities
October 9th, 2018
On September 26, 2018, Senior Judge Rya W. Zobel of the U.S. District Court for the District of Massachusetts, entered an order holding that the Commodity Futures Trading Commission (CFTC) has the power to prosecute fraud involving virtual currency ...
U.S. Dollar rises as optimism on economy grows
October 9th, 2018
The U.S. dollar rose Monday as investors continue to bet on the country’s robust economic growth. The WSJ Dollar Index, which measures the currency against a basket of 16 others, rose less than 0.1% to 90.26, snapping a two-day ...
Pan-European Stoxx 600 was down Monday morning; Auto stocks led the losses
October 8th, 2018
European markets were lower Monday morning, following broad declines in Asia after China’s central bank cut its reserve requirements for banks. The pan-European Stoxx 600 was down around 0.5 percent during early morning deals, with most sectors and major ...
Italy Calls Europe’s Bluff — And The Euro Loses Either Way
October 4th, 2018
When Italy elected a bunch of rowdy populists back in March, the rest of the eurozone assumed (or at least hoped) that the weight of responsibility would bring Rome back into line. But so far the Italians appear to ...
Dollar stands tall, euro sags as Italian political woes bite
October 3rd, 2018
The dollar stood near a one-month high against its peers on Wednesday as concerns as political wrangling over Italy’s budget plan rattled market sentiment and weighed on the euro. The greenback rose as the euro slumped after a senior ...
Bitcoin-funded securities dealer and CEO charged for law violations
September 28th, 2018
The Securities and Exchange Commission filed charges against an international securities dealer and its Austria-based CEO for allegedly violating the federal securities laws in connection with security-based swaps funded with bitcoins. According to the SEC’s complaint, 1pool Ltd. a/k/a ...
Individuals and entities charged in global retail binary options fraud
September 28th, 2018
The Commodity Futures Trading Commission (CFTC) announced that it filed two complaints in federal district courts in Florida against four individuals and three entities and issued seven administrative Orders filing and simultaneously settling charges against seven individuals and two ...
