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Showing 1 - 9 of 9 results for "SEC Division of Enforcement"

Massive crypto Ponzi scheme unravels

KARREN VERGARA  |  TUESDAY, 30 JAN 2024
... our law enforcement partners will hold perpetrators accountable for these and other fraud schemes." SEC division of enforcement director Gurbir S. Grewal said: "As alleged in our complaint, Lee and Chunga attracted investors with the allure of profits ...

J.P. Morgan pays US$18m over whistleblower rule breaches

JAMIE WILLIAMSON  |  WEDNESDAY, 17 JAN 2024
... include provisions that prevent individuals from contacting the SEC with evidence of wrongdoing," SEC Division of Enforcement director Gurbir S. Grewal said. "But that's exactly what we allege J.P. Morgan did here. For several years, it forced certain ...

US regulator fines DWS US$25m for greenwashing, AML offences

RACHEL ALEMBAKIS  |  TUESDAY, 26 SEP 2023
... material to investors, investment advisers must ensure that their actions conform to their words," said SEC division of enforcement deputy director Sanjay Wadhwa, who is head of the SEC's Climate and ESG Task Force. "Here, DWS advertised that ESG was ...

Coinbase sued as US crackdown continues

JAMIE WILLIAMSON  |  WEDNESDAY, 7 JUN 2023
... because you'd prefer different ones: the consequences for the investing public are far too great," SEC Division of Enforcement director Gurbir S. Grewal said. "As alleged in our complaint, Coinbase was fully aware of the applicability of the federal ...

SEC sues Binance, chief executive

JAMIE WILLIAMSON  |  TUESDAY, 6 JUN 2023
... them and put their customers and investors at risk - all in an effort to maximise their own profits," SEC Division of Enforcement director Gurbir S. Grewal said. The SEC alleges that, while Zhao and Binance publicly claimed that US customers were restricted ...

Startup founder charged for defrauding JPMorgan

JAMIE WILLIAMSON  |  WEDNESDAY, 5 APR 2023
... claims, and then used that fake information to induce JPMC to enter into a $175 million transaction," SEC Division of Enforcement director Gurbir S. Grewal said. "Even non-public, early-stage companies must be truthful in their representations, and when ...

Goldman Sachs charged over ESG failures

JAMIE WILLIAMSON, RACHEL ALEMBAKIS  |  WEDNESDAY, 23 NOV 2022
... are increasingly branding and marketing their funds and strategies as 'ESG,'" deputy director of the SEC Division of Enforcement and head of the Climate and ESG Task Force Sanjay Wadhwa said. "When they do, they must establish reasonable policies and ...

Fund manager charged with fraud

ALLY SELBY  |  FRIDAY, 4 SEP 2020
... misconduct by trying to persuade the other bidder not to describe Kamensky's conduct as a threat." The SEC division of enforcement's complex financial instruments unit chief Daniel Michael said this type of "deceptive conduct" has no place in securities ...

US regulator settles with Ares

KANIKA SOOD  |  WEDNESDAY, 27 MAY 2020
... they will obtain nonpublic material information through their representative occupying dual roles," SEC division of enforcement associate director Anita B. Bandy said. Ares Management LLC is a wholly-owned subsidiary of NYSE-listed Ares Management Corporation ...
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