The Securities and Exchange Commission (SEC) has charged 32 defendants with fraud for taking part in a scheme to profit from stolen nonpublic information about corporate earnings announcements. Those charged include two Ukrainian men who allegedly hacked into newswire services
Two Citigroup affiliates have agreed to pay nearly USD180 million to settle SEC charges that they defrauded investors in two hedge funds by claiming they were safe, low-risk, and suitable for traditional bond investors. The funds later crumbled and eventually
The US Commodity Futures Trading Commission (CFTC) has issued an order requiring Morgan Stanley & Co to pay a USD300,000 civil monetary penalty for failing to hold sufficient US Dollars in segregated accounts in the United States to meet all
The US Securities and Exchange Commission (SEC) has proposed rules, forms and amendments to modernise and enhance the reporting and disclosure of information by investment companies and investment advisers. The new rules would enhance the quality of information available to
The US Commodity Futures Trading Commission has charged Patrick Rakotonanahary and Cyber Market Group, both of Punta Gorda, Florida, with operating a multi-million dollar foreign currency Ponzi scheme in Hawaii and elsewhere in the US. The CFTC’s lawsuit, filed on
The US Commodity Futures Trading Commission has obtained more than USD20.3m in civil monetary penalties and equity relief in a federal judgment order against David Michael Kogan and his company First Capitol Futures Group, both of Sherman Oaks, California, in
The US Commodity Futures Trading Commission has obtained an order against defendants One World Capital Group of Winnetka, Illinois and John Edward Walsh of Lake Forest, Illinois, requiring each to pay a USD260,000 civil monetary penalty for failing to demonstrate
The National Futures Association has revoked the registrations of Jeremy J. Grena, Nabil P. Niman, Nicholas P. Payne, William M. Rill and Alexander M. Silverman, former associated persons of Pioneer Commodities and Windsor Wealth Management, firms based in Boca Raton,
The US Commodity Futures Trading Commission has obtained a preliminary injunction against Jay C. Nolan of Wilmette, Illinois and his company Lodge Capital Group of Northfield, Illinois for committing commodity pool fraud. The CFTC charged the defendants in January 2010
The US Commodity Futures Trading Commission has charged Ronald W. Smith, Jr. of Vansant, Virginia, doing business as Safeguard 3030 Investment Club, with operating a Ponzi scheme involving the fraudulent solicitation of at least USD800,000 from at least 34 customers
