Search ResultsShowing 1 - 10 of 100+ results for "SEC"
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 ...
Florida fraudster swindles investors out of $60 million
ALLY SELBY  |  WEDNESDAY, 11 MAR 2020
... company, as well as putting at least US$6.3 million into his own pocket (as undisclosed loans to himself and his companies). SEC Miami regional director Eric Bustillo said Williams blindsided investors. "Kinetic Group's and Williams' misrepresentations ...
Regulator clamps down on misleading ESG fund names
ELIZABETH MCARTHUR  |  WEDNESDAY, 4 MAR 2020
... restrict the use of potentially misleading fund names. ESG, responsible and ethical funds are under the spotlight as the SEC seeks to protect consumers from marketing and ensure that funds are really doing what they claim they are. "This request for ...
Hollywood actor charged by SEC
ELIZA BAVIN  |  FRIDAY, 28 FEB 2020
... charged a prominent actor for failing to disclose payments he received for promoting an investment in a bitcoin offering. The SEC found Steven Seagal had not disclosed that he was promised $380,000 (US$250,000) in cash and $1,140,000 (US$750,000) worth ...
Wells Fargo coughs up $4.5 billion
ALLY SELBY  |  MONDAY, 24 FEB 2020
... world's fourth largest bank since 2016. The $4.5 billion (US$3 billion) settlement with the Securities and Exchange Commission (SEC) and the US Department of Justice (DOJ) resolves all criminal and civil charges against the besieged bank. In settlement ...
Blockchain startup raises $68m, ordered to return funds
ALLY SELBY  |  FRIDAY, 21 FEB 2020
The Securities and Exchange Commission (SEC) has settled charges against a blockchain startup, after it raised $68 million through an unregistered "initial coin offering". Enigma MPC, based in San Francisco and Israel, raised approximately $68 million ...
Amish community scammed
ELIZABETH MCARTHUR  |  MONDAY, 3 FEB 2020
... scheme has targeted the Amish community in the US, with the Securities and Exchange Commission now bringing charges. The SEC's complaint alleges Philip Riehl provided accounting services to Amish and Mennonite communities and developed his own investment ...
Ponzi scheme rakes in almost $1.5bn
HARRISON WORLEY  |  TUESDAY, 28 JAN 2020
... Securities and Exchange Commission for allegedly running a Ponzi scheme worth just under $1.5 billion (USD$1billion). The SEC has charged Jeffery and Paulette Carpoff with violating antifraud provisions of USfederal securities laws by allegedly running ...
Investment Leadership Awards finalists revealed
JAMIE WILLIAMSON  |  WEDNESDAY, 22 JAN 2020
... INTERNATIONAL LISTED PROPERTY Dimensional Global Real Estate Trust (unhedged Class Units) Macquarie true Index Glob Real Estate Sec Quay Global Real Estate Fund Resolution Capital Global Property Securities Fund (unhedged) - Series II Vanguard International ...
Millions up in smoke in cannabis scam
ELIZABETH MCARTHUR  |  WEDNESDAY, 22 JAN 2020
... Russell for an alleged scheme that defrauded investors who thought they were buying interests in a marijuana company. The SEC estimates the amount invested in the fictitious company amounts to approximately US $4.85 million. Griffithe is accused of selling ...
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