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Search ResultsShowing 1 - 10 of 100+ results for "Exchange Commission"
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
... 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 company, and ...
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 ...
Florida fraudster swindles investors out of $60 million
ALLY SELBY  |  WEDNESDAY, 11 MAR 2020
... investors out of $60 million (US$39 million), and put the funds straight into his own pocket. The Securities and Exchange Commission has frozen assets and obtained other emergency relief against investment adviser Kinetic Investment Group and its managing ...
Regulator clamps down on misleading ESG fund names
ELIZABETH MCARTHUR  |  WEDNESDAY, 4 MAR 2020
The US Securities and Exchange Commission is calling for public comment on how funds are named, in an effort to restrict the use of potentially misleading fund names. ESG, responsible and ethical funds are under the spotlight as the SEC seeks to protect ...
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