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Search ResultsShowing 1 - 10 of 100+ results for "Securities and Exchange Commission"
Manipulative trading at J.P. Morgan costs it over $1bn
ALLY SELBY  |  WEDNESDAY, 30 SEP 2020
... agreement with the US Department of Justice, the US Commodity Futures Trading Commission and the US Securities and Exchange Commission. The agreements with the three government agencies resolve investigations into historical manipulative trading practices ...
J.P Morgan set to cough up US$1bn
ALLY SELBY  |  THURSDAY, 24 SEP 2020
... investigations by the US Justice Department, the Commodity Futures Trading Commission and the Securities and Exchange Commission into whether traders rigged markets. This would be a record penalty for spoofing, an illegal form of market manipulation ...
Microcap manipulators caught out
ANNABELLE DICKSON  |  THURSDAY, 24 SEP 2020
A ring of microcap share manipulators have had their assets frozen by the Securities and Exchange Commission after procuring US$9 million in illegal profits by defrauding retail investors. The SEC alleged in a complaint that between 2013 and 2017 Ongkaruck ...
Index manager, friend charged for insider trading
KANIKA SOOD  |  TUESDAY, 22 SEP 2020
A senior index manager and his friend were charged for insider trading by the Securities and Exchange Commission for reaping over US$900,000 in illegal profits off trades made with prior knowledge of stocks that would be added to or deleted from an ...
Rapper charged over crypto scandal
ALLY SELBY  |  MONDAY, 14 SEP 2020
... of five individuals charged over his role in a fraudulent cryptocurrency offering, after the Securities and Exchange Commission found he had promoted and sold tokens on his social media accounts. Clifford Harris Jr, better known for his stage name T.I. ...
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 ...
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