State Securities Regulators Reach Settlement with Vanguard
State Securities Regulators Reach Settlement with Vanguard **TRENTON, NJ** – The Office of the Attorney General, Division of Consumer Affairs, and Bureau of Securities have announced that New Jersey is part of…
New York CEO Convicted of Securities Fraud Over COVID-19 Rapid Test Claims
NEWARK, N.J. – The former CEO of SCWorx Corp. (SCWorx), Marc Schessel, was convicted today on two counts of securities fraud. A federal jury found Schessel guilty of misleading investors about the…
Argentina can appeal in hedge funds’ lawsuit over GDP-linked securities
LONDON (Reuters) – Argentina has been given permission to appeal after losing a London lawsuit brought by four hedge funds over euro-denominated securities which left the country facing a roughly $1.5 billion…
US Securities and Exchange Commission responds to challenge to new rules by private funds
By Chris Prentice (Reuters) – The U.S. Securities and Exchange Commission (SEC) on Friday defended its overhaul of rules for private funds, responding in a court filing to a lawsuit from six…
US securities regulator appeals ruling on ill-gotten gains
By Jody Godoy (Reuters) – The U.S. Securities and Exchange Commission asked a federal appeals court on Friday to reconsider a ruling that it said prevents the agency from clawing back ill-gotten…
More US commercial property owners to tap securities market in 2024 -Moody’s
By Matt Tracy WASHINGTON (Reuters) – More U.S. commercial property owners are expected to turn to commercial mortgage-backed security (CMBS) lenders next year instead of banks, according to a new Moody’s report.…
Japan’s Mizuho applies to set up securities company in China
BEIJING/TOKYO (Reuters) -Japan’s Mizuho Financial Group has sought to establish a securities company in China, becoming the latest foreign firm to make inroads into China’s onshore securities market with a fully-owned entity.…
New Jersey Man Convicted of Tax Evasion in Securities Fraud Scheme
PHILADELPHIA – United States Attorney Jacqueline C. Romero announced that Joseph Cammarata, 49, of Monmouth Beach, New Jersey was found guilty on November 15, 2023, on five counts of tax evasion following…
Monmouth County Man Convicted of Tax Evasion in Securities Fraud Scheme
TRENTON, N.J. – A Monmouth County, New Jersey, man was convicted on five counts of tax evasion for his role in a $39 million investment fraud, U.S. Attorney Philip R. Sellinger for…
Ex-Platinum Partners manager sentenced to probation for securities fraud
By Jody Godoy (Reuters) – A former portfolio manager at the now-defunct Platinum Partners was sentenced to 10 months of probation for securities fraud on Wednesday, the first sentence in what prosecutors…
Citadel Securities explores China licence as Beijing steps up market-making program
By Selena Li and Summer Zhen HONG KONG (Reuters) – Citadel Securities, one of the world’s biggest market-making firms, is “actively exploring” establishing a licensed onshore business in China, its chief executive…
Former Chairman of 1 Global Pleads Guilty to Running $250 Million Securities Fraud Scheme
MIAMI – Carl R. Ruderman, 82, former chairman of 1 Global Capital LLC (“1 Global”) pled guilty yesterday to a $250 million securities fraud scheme. Four of Ruderman’s co-conspirators have already pleaded…
California Attorney Sentenced for Selling Unregistered Securities
BOSTON – A California attorney was sentenced today in federal court in Boston in connection with the illegal sale of over $1.3 million worth of unregistered shares of a Massachusetts-based health care…
Brazil’s securities watchdog agrees to ‘plea bargain’ on Americanas’ probe
(Reuters) – Brazil’s securities watchdog CVM said on Friday it has approved a mechanism similar to a plea bargain for cases related to bankrupt Brazilian retailer Americanas, in the midst of a…
US securities regulator charges 5 investment advisers with custody rule violations
NEW YORK (Reuters) – The U.S. Securities and Exchange Commission on Tuesday said it has charged five investment adviser firms for failing to meet requirements related to the safekeeping of client assets.…
Massachusetts regulators launch probe into AI in securities industry
By Nate Raymond and Chris Prentice BOSTON (Reuters) -Massachusetts securities regulators have opened an investigation into the ways in which investment firms use artificial intelligence in their interactions with investors, citing concerns…
S.Korea financial watchdog gathers securities firms to manage real estate risks
SEOUL (Reuters) – South Korea’s financial market watchdog gathered local securities firms on Thursday to assess real estate-related risks and urged for thorough and preemptive preparation against them amid concerns the number…
JPMorgan names new data chief, head of securities services
By Nupur Anand NEW YORK (Reuters) – JPMorgan Chase & Co named Teresa Heitsenrether its chief data and analytics officer, leading the adoption of artificial intelligence across the largest U.S. bank, according…
Fitch puts multiple US govt-linked securities on negative watch as debt deadline looms
(Reuters) – Ratings agency Fitch on Friday placed a raft of U.S. government-related securities on watch for a possible downgrade, as talks over the debt ceiling dragged on. Fitch said it has…
US securities regulator shuts down ‘sham’ marijuana offering
By Chris Prentice NEW YORK (Reuters) – The U.S. Securities and Exchange Commission (SEC) on Tuesday said it obtained an order to shut down an alleged Ponzi-like scheme run by two individuals…
China’s securities regulator, central bank cut staff pay budgets
SHANGHAI (Reuters) – China’s securities regulator and central bank cut the budget allocation for employee salaries in 2023, following reforms ordered as part of a broader drive to reduce income disparity. The…
Global issuance of mortgage-backed securities falls to a 23-year low
By Patturaja Murugaboopathy (Reuters) – The issuance of global mortgage-backed securities (MBS) slumped to a 23-year low in the first four months of this year, highlighting the turmoil in the real estate…
FDIC retains BlackRock unit for Signature Bank, SVB securities portfolio sale
(Reuters) – The Federal Deposit Insurance Corporation (FDIC) has retained BlackRock Inc unit Financial Market Advisory to sell the securities portfolios it kept in receivership after the collapse of Signature Bank and…
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…
Brazilian securities watchdog launches new probes into Americanas accounting fiasco
SAO PAULO (Reuters) – Brazilian securities watchdog CVM said on Friday it has launched two new probes into retailer Americanas SA’s accounting scandal and the firm’s reorganization process. CVM said it launched…
Trade group argues U.S. SEC case unfairly labels crypto as securities
By Hannah Lang (Reuters) – Cryptocurrency trade association Chamber of Digital Commerce is urging a federal court to dismiss a case brought by the U.S. securities regulator against ex-Coinbase employees accused of…
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