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…
Crypto exchange Kraken under scrutiny for sale of unregistered securities- Bloomberg
(Reuters) – Cryptocurrency exchange Kraken is under investigation by the U.S. Securities and Exchange Commission for the sale of unregistered securities, according to a Bloomberg report. The regulator’s inquiry is at an…
Standard Chartered says wins nod from China for securities firm
SYDNEY (Reuters) – Standard Chartered on Friday said it had been granted approval by the China Securities Regulatory Commission (CSRC) to set up a mainland securities firm. The bank said the firm…
U.S. Promoter of Foreign Cryptocurrency Companies Sentenced to 60 Months in Prison for His Role in Multi-Million Dollar Securities Fraud Scheme
BROOKLYN, NY – Earlier today, in federal court in Brooklyn, John DeMarr was sentenced by United States District Judge LaShann DeArcy Hall to 60 months in prison for his participation in a…
S.Korea fines Citadel Securities for stock algorithm trading breaches
SEOUL (Reuters) – South Korea’s financial regulator has imposed a fine of 11.88 billion won ($9.66 million) on U.S.-based Citadel Securities, saying it disturbed the local stock market with high-frequency algorithm trading.…
Fed needs mortgage-backed securities exit plan ‘earlier than later,’ George says
By Howard Schneider WASHINGTON (Reuters) – Kansas City Federal Reserve President Esther George has urged her colleagues to come to terms “earlier than later” on a plan for the U.S. central bank…
Monmouth County Man Sentenced to 63 Months in Prison for $2.8 Million Securities Fraud Scheme
NEWARK, N.J. – A Monmouth County, New Jersey, man was sentenced to 63 months in prison for committing securities fraud to obtain over $2.8 million from victim investors, U.S. Attorney Philip R.…
Red Bank investment advisor sentenced to 33 months in prison for securities fraud
RED BANK, NJ – A former Red Bank based investment advisor is heading to federal prison for defrauding his clients. According to U.S. Attorney Philip R. Sellinger, a man from Monmouth County,…
Turkish central bank includes other financial firms in securities regulation
ANKARA (Reuters) – The Turkish central bank has included non-bank financial companies in securities maintenance regulations as part of its “liraization strategy” which will be introduced in the New Year. In addition…
Two Biotech Company Presidents Indicted in Maryland for Securities Fraud Schemes
Baltimore, Maryland – A federal grand jury has returned an indictment charging Nader Pourhassan, age 59 of Lake Oswego, Oregon, and Kazem Kazempour, age 69, of Potomac Maryland, for their roles in…
China to reform securities settlement system
SHANGHAI (Reuters) – China’s securities regulator said on Friday it will launch a reform this month to bring the country’s securities settlement system more in line with international practices, to attract foreign…
Julia Leung to become first female head of Hong Kong securities watchdog
By Selena Li HONG KONG (Reuters) – The Hong Kong government has named Julia Leung as new head of the Securities and Futures Commission (SFC), becoming the first female chief of the…
Eight men indicted for $114 million securities fraud scheme orchestrated through social media
HOUSTON – A federal grand jury in the Southern District of Texas returned an indictment that was unsealed yesterday charging eight men with conspiracy to commit securities fraud for a long-running, social…
China’s Country Garden gets new credit line of up to $7 billion – Securities Times
HONG KONG (Reuters) – Major Chinese developer Country Garden has signed a contract with the Postal Savings Bank of China for a credit line of up to 50 billion yuan ($7.0 billion),…
Four Defendants Indicted for Securities Fraud, Conducting International Pump-and-Dump Scheme, and Money Laundering
Assistant U. S. Attorneys Owen Roth and Aaron P. Arnzen NEWS RELEASE SUMMARY – November 22, 2022 SAN DIEGO – Canadian resident David Stephens and California residents Donald Danks, Jonathan Destler, and…
Founder And Former Chief Investment Officer Of Infinity Q Pleads Guilty To Securities Fraud
Damian Williams, the United States Attorney for the Southern District of New York, announced that JAMES VELISSARIS, the founder and former chief investment officer of Infinity Q Capital Management (“Infinity Q”), a…
China’s securities regulator moves to streamline debt issuance
BEIJING (Reuters) – China’s securities regulator on Friday released draft rules on deepening a registration-based system for bond sales, in a reform that streamlines the process for companies to raise funds via…
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…
SEC Launches Investigation Into Billionaire Dem Donor For Potential Violations Of Securities Rules: REPORT
SEC Launches Investigation Into Billionaire Dem Donor For Potential Violations Of Securities Rules: REPORT John Hugh DeMastri on November 10, 2022 Sam Bankman-Fried, cryptocurrency billionaire and major donor to Democratic causes, is…
Florida Man Sentenced to 45 Months in Prison for Laundering Funds Related to $50 Million Wire and Securities Fraud Scheme
NEWARK, N.J. – A Florida man was sentenced to 45 months in prison for laundering funds obtained from a $50 million internet-enabled fraud scheme, U.S. Attorney Philip R. Sellinger announced today. Denis…
Mizuho Securities to buy 20% of Rakuten Securities for $550 million
TOKYO (Reuters) – Mizuho Financial Group’s securities unit will acquire a 19.99% stake in Rakuten Securities from its parent Rakuten Group for 80 billion yen ($552 million) to beef up its online…
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…
Arcadia Man Charged with Securities Fraud for Stealing Client Funds and Concealing His Investment Firm’s Massive Financial Losses
LOS ANGELES – A former San Gabriel Valley resident who ran Los Angeles County-based investment companies and was a frequent guest on financial television news programs was charged today in a…
Manhattan Real Estate Fund Manager Sentenced To Prison For Securities Fraud
Damian Williams, the United States Attorney for the Southern District of New York, announced that JOSHUA BURRELL was sentenced today to 48 months in prison for committing securities fraud in connection with…
Oakland Investment Advisor Charged With Securities Fraud
OAKLAND – John Mendes, a registered investment advisor, was charged in a federal information filed today with securities fraud for trading upon non-public inside information, announced United States Attorney Stephanie M. Hinds…
Oakland Investment Advisor Charged With Securities Fraud
OAKLAND – John Mendes, a registered investment advisor, was charged in a federal information filed today with securities fraud for trading upon non-public inside information, announced United States Attorney Stephanie M. Hinds…
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