Search Results for: fraud
The Ontario Securities Commission Publishes Report on Exempt Market Activity
June 16th, 2017
The Ontario Securities Commission (OSC) today published OSC Staff Notice 45-715 2017 Ontario Exempt Market Report, which provides a snapshot of the current state of Ontario’s exempt market and a preliminary assessment of recent regulatory reforms. The report summarizes ...
CEO of a Brazilian Bank cleared by court over Tax probe
June 15th, 2017
A Brazilian court has cleared Banco Bradesco SA Chief Executive Officer Luiz Carlos Trabuco of trying to illegally dodge a tax fine of 3 billion reais ($911 million), spurring the biggest jump in shares of the nation’s No. 3 ...
NAAM and its owner to pay more than $1.6 million in illegal precious metals transactions
June 14th, 2017
Federal Court Orders Florida-Based North American Asset Management, LLC, Alexi Bethel, and Steven Labadie to Pay More than $1.6 Million in Restitution and a Civil Monetary Penalty for Engaging in Illegal, Off-Exchange Precious Metals Transactions Court Also Imposes Permanent ...
Forex provider restricted to carry on all activities for which it is licensed
June 13th, 2017
The Securities and Futures Commission (SFC) today issued a Restriction Notice on IDS Forex HK Limited prohibiting the firm from carrying on all activities for which it is licensed, disposing of or dealing with any assets held by it ...
The FMA warns: the number of dubious providers in the Austrian financial market remains high
June 7th, 2017
Austria’s independent, autonomous and integrated supervisory and resolution authority FMA informs in relation to Austrian financial market Investor Warnings issued. According the announcement: In 2016, the FMA initiated a total of 162 investigations in relation to the combatting of unauthorised ...
EU, Norway Initial VAT Cooperation Agreement
June 2nd, 2017
The European Commission has announced the initialling of an agreement with Norway on value-added tax (VAT), covering administrative cooperation, recovery assistance, and anti-fraud activity. Negotiations on the agreement were launched in June 2015. The Commission said that once the ...
Wikipedia vs. Banc De Binary: A 3-year battle against binary options ‘fake news’
June 1st, 2017
Binary options fraudsters employ experts to outwit Google, create laudatory news sites, engage on social media — anything to encourage new victims and keep the truth from coming out. One key battlefield: The online encyclopedia If you’re the strategist ...
Court day for the Tesco bosses in £326m accounting scandal
May 30th, 2017
Three former Tesco executives are set to appear in court in relation to its £326million accounting scandal. Carl Rogberg, 49, Chris Bush, 50, and John Scouler, 48, have been charged with fraud by abuse of position and false accounting. ...
OSC Publishes Paper on Responsive Market Regulation
May 26th, 2017
The Ontario Securities Commission (OSC) today released A Framework for Responsive Market Regulation, a paper presented at Oxford University that addresses how Canadian regulators are responding to changes in the market while protecting investors. “As our capital markets evolve, ...
Guardian Asset Group and its owner ordered to pay more than $1 Million
May 24th, 2017
Federal Court Orders More than $1 Million in Restitution and Civil Monetary Penalties and Permanently Bans Andrew Kurzbard and His Florida-Based Company, Guardian Asset Group, LLC, for Engaging in Illegal, Off-Exchange Precious Metals Transactions The U.S. Commodity Futures Trading ...
