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Search ResultsShowing 1 - 10 of 100+ results for "SEC"
Pension funds apply pressure on climate change
ELIZABETH MCARTHUR  |  THURSDAY, 23 JUL 2020
... 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 Oversight ...
UBS to cough up $14m over bond bungle
ALLY SELBY  |  THURSDAY, 23 JUL 2020
... Exchange Commission found it had violated rules giving retail investors priority in municipal bond offerings. According to the SEC, UBS improperly allocated bonds intended for retail investors to parties known in the industry as "flippers" over a four ...
Former investment adviser charged with $85m fraud
ELIZA BAVIN  |  MONDAY, 20 JUL 2020
... 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 Investment Group (IIG), from October 2013 ...
Disgraced lobbyist charged
ALLY SELBY  |  FRIDAY, 26 JUN 2020
... of two Hollywood films, Casino Jack and the Unites States of Money and Casino Jack , with Abramoff played by Spacey. The SEC alleged Nevada-based NAC Foundation and its chief executive Marcus Andrade, along with Abramoff, raised at least US$5.6 million ...
SEC charges COVID-19 microcap scammers
ALLY SELBY  |  FRIDAY, 12 JUN 2020
... kiosk provider for fitness centres had increased by as much as 300% despite its lack of business activity and revenue. The SEC has filed an emergency action and frozen the assets of the defendants involved in the scheme, which it says has been running ...
COVID-19 inspires pump and dump scheme
ELIZABETH MCARTHUR  |  WEDNESDAY, 10 JUN 2020
... 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
... 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 as ...
Bitcoin bonanza amid COVID-19 crisis
ALLY SELBY  |  MONDAY, 27 APR 2020
... (CME), the world's largest financial derivatives exchange added Bitcoin futures contracts in December 2017." While the SEC has blocked applications to launch Crypto ETFs in the US, one of the largest cryptocurrency asset managers in the world, Grayscale ...
Financial services exec embroiled in bribery scheme
ALLY SELBY  |  THURSDAY, 16 APR 2020
... Berko funnelled at least US$2.5 million to a Ghana-based intermediary to pay the bribes to the country's government. The SEC alleges that Berko helped the intermediary pay more than US$200,000 to various government officials, with Berko personally paying ...
Whistleblowers rewarded US $570k
ELIZABETH MCARTHUR  |  THURSDAY, 26 MAR 2020
... 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 cases the whistleblowers helped to crack, but said the substantially higher amount for one whistleblower ...
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