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…
Former Chief Executive Officer of Publicly Traded Company Pleads Guilty to Conspiracy to Commit Securities Fraud
Earlier today, in federal court in Central Islip, Christian Romandetti, Sr., the former Chief Executive Officer of First Choice Healthcare Solutions, Inc. (FCHS), a publicly traded company based in Melbourne, Florida pleaded…
Rockland County Man Sentenced To 7 Years For Ponzi-Like Securities Fraud Scheme Targeting Local Haitian Community
Damian Williams, the United States Attorney for the Southern District of New York, announced that RULESS PIERRE was sentenced to 84 months in prison yesterday in connection with his Ponzi-like securities fraud…
Tequila Entrepreneur Sentenced To Prison For Securities Fraud
Damian Williams, the United States Attorney for the Southern District of New York, announced that JOSEPH CIMINO was sentenced today to 18 months in prison, in connection with his scheme to induce…
INNOVATIVE INDUSTRIAL PROPERTIES, INC. (NYSE: IIPR) SHAREHOLDER CLASS ACTION ALERT: Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion in a Securities Class Action Lawsuit Against Innovative Industrial Properties, Inc. (NYSE: IIPR)
Did you lose money on investments in Innovative Industrial Properties? If so, please visit Innovative Industrial Properties, Inc. Shareholder Class Action Lawsuit or contact Peter Allocco at (212) 951-2030 or The Daily Caller News Foundation to discuss…
CEO Of Private Equity Fund Sentenced To 97 Months For $133 Million Bank And Securities Fraud Scheme
Damian Williams, the United States Attorney for the Southern District of New York, announced that defendant ELLIOT SMERLING was sentenced to 97 months in prison for a multi-year bank and securities fraud…
Cybercriminal Charged with Unauthorized Computer Intrusion, Securities Fraud, Wire Fraud and Other Crimes
A criminal complaint was unsealed today in federal court in Brooklyn charging Idris Dayo Mustapha, a citizen of the United Kingdom, with computer intrusion, securities fraud, money laundering, bank fraud and wire…
Philadelphia Woman Sentenced to 109 Months in Prison for $100 Million Securities Fraud Scheme
NEWARK, N.J. – An investment fund manager was sentenced today to 109 months in prison for orchestrating a $100 million securities fraud scheme, U.S. Attorney Philip R. Sellinger announced. Brenda Smith, 61,…
Santa Clarita Man Agrees to Plead Guilty to Securities Fraud for Bilking Investors Who Purchased Real Estate ‘Coupon Bonds’
LOS ANGELES – A Santa Clarita resident who invested in real estate and sold “coupon bonds” that promised regular interest payments on top of principal repayment has agreed to plead guilty…
Citadel Securities founder Griffin likens crypto value to abstract art
By John McCrank NEW YORK – Ken Griffin, the billionaire founder of Citadel Securities, one of the world’s biggest market-making firms, said on Monday he envisions the company entering the cryptocurrency market…
INNOVATIVE INDUSTRIAL PROPERTIES, INC. (NYSE: IIPR) SHAREHOLDER CLASS ACTION ALERT: Bernstein Liebhard LLP Announces that a Securities Class Action Lawsuit Has Been Filed Against Innovative Industrial Properties, Inc. (NYSE: IIPR)
Did you lose money on investments in Innovative Industrial Properties? If so, please visit Innovative Industrial Properties, Inc. Shareholder Class Action Lawsuit or contact Peter Allocco at (212) 951-2030 or The Daily Caller News Foundation to discuss…
Russia’s Alfa Bank gives clients deadline to transfer foreign securities
(Reuters) – Russia’s top private lender Alfa Bank has given its brokerage clients until midnight on Monday to transfer foreign securities to another platform, explaining that sanctions had prevented it from moving…
Head of Credit Suisse China securities JV steps down
ZURICH – The head of Credit Suisse’s securities joint venture in China, Tim Tu, has stepped down to pursue other opportunities within the Swiss bank, a spokeswoman said. Daniel Qiu has been appointed…
Former Chief Operating Officer of Davis Bio-Pesticide Company Sentenced to 2 Years in Prison for Conspiracy to Commit Mail, Wire, and Securities Fraud
SACRAMENTO, Calif. — Hector Absi, 51, of Las Vegas, Nevada, was sentenced today to two years in prison for conspiracy to commit mail fraud, wire fraud, and securities fraud, U.S. Attorney Phillip A.…
Colorado CEO and Fund Manager Admits to $11 Million Securities Fraud Scheme
NEWARK, N.J. – A Denver, Colorado, CEO today admitted conducting a securities scheme to fraudulently obtain $11 million from investors through various misrepresentations about fund operations, his background, and his contribution to…
HSBC buys bigger stake in its China securities venture
LONDON – HSBC said on Wednesday it had increased its stake in its China securities brokerage, through a deal to buy equity from its state-owned partner Qianhai Financial Holdings. The London-based bank…
U.S. securities regulator reviewing internal ‘control deficiency’
WASHINGTON – The U.S. Securities and Exchange Commission (SEC) on Tuesday said it has identified a “control deficiency” that gave enforcement staff access to certain adjudicatory memoranda meant for commission decision-making. The…
New York Man Sentenced To 56 Months In Prison For Defrauding Investors Of More Than $3.5 Million Through Securities Offering Scheme
TRENTON, N.J. – A New York man was sentenced to 56 months in prison on March 31, 2022 for perpetrating a scheme to defraud more than 70 investors through a long-running securities…
U.S. securities regulator names crypto, ESG among 2022 exam priorities
WASHINGTON -The U.S. Securities and Exchange Commission (SEC) on Wednesday flagged crypto-assets, information security, the private fund sector and environmental, social and governance issues among its examination priorities in 2022 for market…
East Bay Resident Charged In Insider Trading Securities Fraud Scheme
OAKLAND–A federal grand jury handed down an indictment charging Dileep Kumar Reddy Kamujula with securities fraud in connection with alleged illegal securities trading based on inside information obtained from an employee of…
CEO of Local Financial Firm Sentenced in Multi-Million Dollar Securities and Tax Fraud Scheme; Forfeits Millions
Assistant U.S. Attorney Carl F. Brooker, IV (619) 546-7994 NEWS RELEASE SUMMARY – March 17, 2022 SAN DIEGO – David John Nava of La Jolla was sentenced in federal court today to…
Russia’s VTB to hand over servicing of foreign securities to other firms – TASS
– Russia’s second-largest state lender VTB, which has been targeted by Western sanctions, said on Thursday it would hand over servicing of foreign securities to other Russian financial companies, the TASS state…
China securities regulator to push forward overseas-listing rules
SHANGHAI – China’s securities regulator on Wednesday said it will continue to communicate with U.S. regulators and strive to reach an agreement on China-U.S. audit supervision cooperation as soon as possible. The…
Ex-PBOC adviser expects China to cut rates further – China Securities Journal
SHANGHAI – China will further cut interest rates to stabilise the economy, as shrinking China-U.S. yield spreads won’t change Beijing’s monetary policy loosening bias, the China Securities Journal reported on Monday, citing…
China issues draft rules for securities offenses compensation
SHANGHAI – China’s securities regulator on Friday published draft rules on how fines for securities fraud offenses will be prioritised to compensate investors in civil cases, part of a broader push towards…
Essex County Man Sentenced to 108 Months in Prison for Mortgage and Securities Fraud Schemes
NEWARK, N.J. – An Essex County, New Jersey, man was sentenced today to 108 months in prison for conspiring to obtain mortgage loans to finance the sale of properties to unqualified buyers,…
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