Glen Cove Broker Sentenced for Defrauding Investors in Pre-IPO Scam
MINEOLA, NY – Nassau County District Attorney Anne T. Donnelly announced today that a former investment broker from Glen Cove has been sentenced to up to seven-and-a-half years in prison for a…
US locks in UN resolution backing efforts to broker Gaza truce
UNITED NATIONS (Reuters) – The U.S. on Thursday finalized its draft U.N. Security Council resolution on the Israel-Hamas war, traditionally the final step before asking for a vote on the text that…
Former Broker Sentenced for $1.2 Million Fraud and Misuse of Pandemic Relief Funds
TRENTON, NJ – A man from Monmouth County, New Jersey, has been sentenced to 45 months in prison for defrauding investors of over $1.2 million and illicitly securing a $96,000 loan intended…
Qatar, France broker deal to get aid, medication to civilians, hostages in Gaza
PARIS (Reuters) -Qatar and France have brokered a deal with Israel and Palestinian Islamist group Hamas to deliver urgent medication to some 45 Israeli hostages held by the group in Gaza in…
U.S. insurance broker Marsh to buy Australia’s Honan
(Reuters) – U.S. insurance broker Marsh, a unit of Marsh & McLennan, said on Sunday that it would acquire Australia’s Honan Insurance Group, it said in a statement on Sunday. Marsh didn’t…
Broker XP’s revenue rises on higher client assets, card segment growth
(Reuters) – Brazilian investment manager and broker XP on Monday reported a rise in second-quarter revenue, helped by a rebound in the capital markets that saw its client assets breach the 1-trillion-reais…
Biden Admin Weighing Lifting Of China Sanctions To Broker Fentanyl Deal
Biden Admin Weighing Lifting Of China Sanctions To Broker Fentanyl Deal Jennie Taer on July 24, 2023 The Biden administration is weighing a plan to lift sanctions on China in order to…
Australian broker Openmarkets fined $3 million for ‘market integrity’ violations
(Reuters) – Openmarkets Australia Ltd was fined a record A$4.5 million ($2.99 million) after a panel found the retail broker in violation of numerous market integrity rules, the country’s corporate regulator said…
CBP Introduces Customs Broker Education Requirements
WASHINGTON — U.S. Customs and Border Protection (CBP) announced a new continuing education requirement for customs brokers, which will enhance compliant trade and protect against illicit trade entering U.S. commerce in an…
Insurance broker Acrisure prepares for 2024 IPO at over $20 billion valuation – source
(Reuters) – Insurance broker Acrisure has begun interviewing banks for an initial public offering next year which could fetch it a valuation of over $20 billion, a source familiar with the matter…
Brazil’s Lula calls for ‘peace group’ to broker Ukraine-Russia deal
ABU DHABI (Reuters) – Brazilian President Luiz Inacio Lula da Silva on Sunday again proposed establishing a group of countries not involved with the Russia-Ukraine war to broker peace, saying he had…
New Jersey broker facing 20 years for securities fraud
NEWARK, NJ – Christopher Matthaei, a former partner at a New Jersey broker-dealer firm, was arrested yesterday and charged with securities fraud conspiracy and securities fraud for engaging in an insider trading…
Former Registered Broker Sentenced to 5 Years’ Imprisonment for Conspiring with Long Island Boiler Room to Pump and Dump Stock on Unsuspecting Elderly Investors
Earlier today, in federal court in Central Islip, Lawrence Isen, a former registered broker who participated in a criminal conspiracy to promote and manipulate the price of shares in publicly traded companies,…
Real estate broker Compass to cut more jobs to deal with housing downturn
(Reuters) – Real estate broker Compass Inc said on Thursday it would cut more jobs to deal with a downturn in the housing market as it set a target of becoming free…
Jury Convicts Former Oregon Securities Broker of Tax Evasion
PORTLAND, Ore.—After a two-week trial, a federal jury in Portland found a McMinnville, Oregon man guilty today of evading $2.5 million in income taxes by hiding his income in multiple bank accounts…
Crypto broker Genesis discloses locked funds on FTX
(Reuters) – U.S. cryptocurrency broker Genesis Trading disclosed its derivatives business has approximately $175 million in locked funds on FTX, the company said Thursday in a Twitter post. Gensesis said its operating…
Broker TP ICAP third-quarter revenue jumps on market volatility
(Reuters) – TP ICAP posted a 14% jump in its third-quarter revenue in reported currency on Tuesday, as the world’s biggest inter-dealer broker benefited from stock and foreign exchange market volatility and…
Brazil broker Avenue aims for 1 million clients after Itau deal
By Gabriel Araujo SAO PAULO (Reuters) – Brazilian brokerage Avenue Holdings Inc expects to reach the 1 million customer mark soon, an executive said, after Brazil’s largest private lender Itau Unibanco agreed…
Jury Convicts San Francisco Broker And Investor Victor Makras For Fraud In Real Estate Loan
SAN FRANCISCO – A federal jury today convicted Victor Makras, a prominent San Francisco real estate broker and investor, of making false statements to a bank and of bank fraud tied to…
Barred Broker Dealer Charged with $1 Million Investment Scheme and Fraudulently Obtaining $96,000 Cares Act Loan
NEWARK, N.J. – A Monmouth County, New Jersey, man was charged today with defrauding victims in an investment fraud scheme out of at least $1 million, and with fraudulently obtaining a loan…
Brazilian broker XP’s profit gains from higher assets under custody
(Reuters) – XP Inc posted a marginal jump in second-quarter adjusted profit as the Brazilian broker gained from a surge in assets under custody that offset a slowdown in inflows due to…
CICC investment banking head to take helm at broker Galaxy – sources
By Selena Li and Julie Zhu HONG KONG -Wang Sheng, investment banking head of China International Capital Corp Ltd (CICC), is set to leave the bank to take over as chief executive…
OTC GLOBAL HOLDINGS RECOGNIZED AS BROKER OF THE YEAR FOR THE FIFTH TIME
OTCGH’s portfolio includes nearly 20 of the industry’s most powerful and agile independent brokerages across the world. Tweet this OTCGH has built an unparalleled business model, focusing on three key operational pillars:…
Brazil bank Itau sells stake in broker XP for $154 million -report
(Reuters) – Brazilian lender Itau Unibanco Holding SA on Tuesday sold some of its roughly 11% stake in New York-listed broker XP Inc for about $154 million, Brazil Journal reported without stating…
Insurance broker Acrisure touches $23 billion in valuation after latest funding
(Reuters) – Acrisure said on Tuesday it had raised $725 million in a fresh funding round led by a wholly owned subsidiary of Abu Dhabi Investment Authority, valuing the insurance brokerage at…
Burien, Washington, seafood broker sentenced for illegally shipping potentially tainted clams
Seattle – A Burien, Washington, seafood broker was sentenced today in U.S. District Court in Seattle to 90 days in prison, and three years of supervised release, for smuggling goods from the…
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