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Showing 81 - 90 of 257 results for "Exchange Commission"

Fund manager charged with fraud

ALLY SELBY  |  FRIDAY, 4 SEP 2020
... abused his position in the bankruptcy proceedings of luxury retailer Neiman Marcus Group. The Securities and Exchange Commission has charged Daniel Kamensky with violating anti-fraud provisions, with the regulator seeking both a permanent injunction ...

Fake pastor herds believers into Ponzi scheme

ELIZABETH MCARTHUR  |  MONDAY, 31 AUG 2020
... charged over a Ponzi scheme that targeted African immigrants, particularly those of faith. The US Securities and Exchange Commission (SEC) charged two companies based in Maryland for the scheme that allegedly defrauded 1200 investors out of more than ...

Pension funds apply pressure on climate change

ELIZABETH MCARTHUR  |  THURSDAY, 23 JUL 2020
... the Federal Reserve, Comptroller of the Currency, Federal Deposit Insurance Corporation, the Securities and Exchange Commission (SEC), Commodity Futures Trading Commission, Federal Insurance Office, Federal Housing Finance Agency, Financial Stability ...

UBS to cough up $14m over bond bungle

ALLY SELBY  |  THURSDAY, 23 JUL 2020
UBS will cough up more than $14 million (US$10 million) after the US Securities and Exchange Commission found it had violated rules giving retail investors priority in municipal bond offerings. According to the SEC, UBS improperly allocated bonds intended ...

Former investment adviser charged with $85m fraud

ELIZA BAVIN  |  MONDAY, 20 JUL 2020
The US Securities and Exchange Commission have charged a former registered investment adviser with fraud for his alleged role in a US$60 million Ponzi-like scheme. The SEC alleges that David Hu, the co-founder and chief investment officer of International ...

SEC charges COVID-19 microcap scammers

ALLY SELBY  |  FRIDAY, 12 JUN 2020
... to capitalise on the COVID-19 pandemic through the illegal sale of microcap stocks. The US Securities and Exchange Commission allege the scheme, boosted by promotional campaigns, generated more than $37 million (US$25 million) from penny stock sales. ...

COVID-19 inspires pump and dump scheme

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 JUN 2020
... he claimed a company he was trading stocks in had developed a special COVID-19 test. The US Securities and Exchange Commission (SEC) has filed a complaint against Jason Neilson, saying he pumped up the price of Arrayit Corporation before dumping stock. ...

US regulator settles with Ares

KANIKA SOOD  |  WEDNESDAY, 27 MAY 2020
... findings, but agreed to a cease-and-desist order, a censure and the US$1 million civil penalty. The Securities and Exchange Commission (SEC) alleges that in 2016 Ares invested several hundred million dollars in debt and equity of a publically listed ...

Financial services exec embroiled in bribery scheme

ALLY SELBY  |  THURSDAY, 16 APR 2020
... Ghanaian government to gain their approval to build and operate an electrical power plant. The Securities and Exchange Commission charged former Goldman Sachs executive Asante Berko with orchestrating a bribery scheme to help a Turkish client win a government ...

Whistleblowers rewarded US $570k

ELIZABETH MCARTHUR  |  THURSDAY, 26 MAR 2020
Two whistleblowers in the US have been rewarded for their efforts with the Securities and Exchange Commission awarding them a combined US $570,000. The first whistleblower received US $478,000 and the second US $94,000. The SEC did not reveal which ...