Toms River Candidate’s Campaign Funding From Lakewood Power Brokers Raising Eyebrows
TOMS RIVER, NJ – The Democrat candidate for Toms River is under fire this week after taking campaign donations from two of Lakewood’s biggest power powerbrokers, a realtor and the head of…
Bank Loan Brokers Caught in Mortgage Crisis Fraud
BOSTON, MA – Ted Capodilupo, Joseph Masci, and Brian Ferris faced sentencing today for orchestrating a scheme to deceive a local bank and the U.S. Small Business Administration (SBA), causing significant financial…
US regulator warns brokers to bolster anti money-laundering efforts
NEW YORK (Reuters) – The U.S. Securities and Exchange Commission (SEC) has warned some broker dealers to strengthen policies and controls that guard against money laundering, including by taking more care to…
Chinese property brokers need to reduce fees, regulator says
BEIJING (Reuters) – Chinese real estate brokerage agencies need to implement reasonable reductions to fees for housing transactions and leasing services to promote healthy development of the sector, the housing regulator said…
UK financial watchdog fines brokers over market abuse controls
LONDON (Reuters) – Britain’s Financial Conduct Authority said on Thursday it has fined inter-dealer brokers BGC Brokers LP, GFI Brokers Limited, and GFI Securities Limited 4.77 million pounds ($5.80 million)for failing to…
Amazon files legal complaints in Italy, Spain against fake review brokers
MILAN (Reuters) -U.S. e-commerce giant Amazon said on Thursday it had filed legal complaints in Italy and Spain as it steps up efforts globally to shut down fake review brokers. Amazon has…
Former Securities Brokers Sentenced to Federal Prison Terms for Perpetrating Securities Fraud Scheme
MIAMI – A South Florida federal judge has ordered prison sentences for two former securities brokers who defrauded investors out of $1.5 million by — among other things — lying about stock…
Real estate brokers Compass, Redfin to cut jobs as housing market cools
(Reuters) – Real estate brokers Compass Inc and Redfin Corp said on Tuesday they will cut jobs as rising mortgage rates and the prospect of aggressive rate hikes eat into homebuying demand.…
“Agent PHL Brokers 75-Unit Investment Sale in Philadelphia for $21,338,000”
McManus said, “Kensington Courts is like a micro-city nestled high above the most popular residential submarket in Philly today – Fishtown/Kensington. The Riverwards Group masterfully transformed a 185,000 SF vacant parcel into…
Former Brokers Found Guilty of Fraud Offenses Committed in Fraudulent Stock Offering
Miami, Florida – This week, following a six-day trial, a federal jury in Fort Lauderdale, Florida returned guilty verdicts against Jeffrey Alan Horn (“Horn”), 47, of Coral Springs, Florida, and Omar Leon Plummer…
U.S. SEC warns brokers to ‘remain vigilant’ to market, counterparty risk
By Katanga Johnson WASHINGTON – In a rare public warning, the U.S. Securities and Exchange Commission on Monday told broker-dealers and other market participants to “remain vigilant to market and counterparty risk”…
China bars mainland brokers from promoting SPAC deals in Hong Kong – sources
By Scott Murdoch, Samuel Shen and Selena Li SYDNEY/HONG KONG – China’s securities regulator has barred the country’s investment banks it regulates from acting as promoters of blank-check firms in Hong Kong,…
Russia imposes 30% commission on forex purchases by individuals – brokers
MOSCOW – Russia’s central bank has imposed a 30% commission on foreign currency purchases by individuals on currency exchanges, brokers told Reuters, citing a letter from the regulator. The central bank has…
Family Tracking App Life360 Is Selling Customers’ Locations To Data Brokers: REPORT
A family safety app used to track children’s movements is selling location data to several different data brokers, according to an investigation by The Markup. Life360, which bills itself as a “family…
Two Philadelphia-area Ticket Brokers Charged with Conspiring with Former USGA Employee to Steal and Sell Thousands of U.S. Open Tickets Worth Over $3.7 Million
PHILADELPHIA – Acting U.S. Attorney Jennifer Arbittier Williams announced that Jeremi Michael Conaway, 46, of West Chester, PA, and James Bell, 69, of Glen Mills, PA, were both charged by separate Informations…
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