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…
John Barksdale Charged With Cryptocurrency Securities Fraud In Connection With Sale Of Ormeus Coin
Damian Williams, the United States Attorney for the Southern District of New York, and Ricky Patel, Acting Special Agent in Charge of the New York Field Office of Homeland Security Investigations (“HSI”),…
North Carolina Man Charged with Wire Fraud, Securities Fraud, and Money Laundering in Connection with Ponzi Scheme
NEWARK, N.J. – A North Carolina man was charged today for defrauding at least 25 people by operating a Ponzi scheme, U.S. Attorney Philip R. Sellinger announced. David Schamens, 64, of Greensboro,…
New York City police fund votes to divest Russian securities
– Trustees of the New York City police pension fund voted on Tuesday to divest Russian company securities, supporting a resolution brought by city Comptroller Brad Lander, his office said. The fund…
Fidelity Investments says more than 92% of its funds have no Russian securities
BOSTON – Fidelity Investments on Tuesday said more than 92% of its mutual funds do not have any investment in Russian securities, as of the latest disclosures. In a statement sent by…
BlackRock says working to ensure clients can exit Russian securities
– Top asset manager BlackRock Inc said on Tuesday it is consulting with regulators, index providers and other market participants “to help ensure our clients can exit their positions in Russian securities”…
Europe carves out Russian securities from financial markets
By Huw Jones LONDON -Europe’s financial market on Monday began severing Russia’s ties to its critical plumbing for trading, clearing and settling securities as sanctions on Moscow started to bite. Euroclear in…
Russian central bank orders block on foreign clients’ bids to sell Russian securities – document
MOSCOW -Russia’s central bank has ordered professional stock market participants to suspend the execution of all orders by foreign legal entities and individuals to sell Russian securities from Monday morning, an internal…
Ohio-Based Stock Trader Pleads Guilty To Securities Fraud
Damian Williams, the United States Attorney for the Southern District of New York, announced today that STEVEN GALLAGHER pled guilty to one count of securities fraud. GALLAGHER, using the alias “Alex DeLarge,”…
MSCI says it won’t make previously flagged changes to Russian securities due to sanctions
HONG KONG – MSCI will not implement changes for Russian securities that it had previously announced as part of its February review, following U.S. sanctions targeting Russia, the index provider said in…
Ukraine’s stock market regulator stops securities circulation
KYIV – Ukraine’s state stock market regulator on Thursday said it had decided to stop the circulation of all securities in the country, except for operations necessary for the central bank’s monetary…
Former Founder And Ceo Of Nanotechnology Company Convicted Of Multimillion-Dollar Securities Fraud Scheme
Damian Williams, the United States Attorney for the Southern District of New York, announced that JAMES JEREMY BARBERA was convicted today following a one-week jury trial before the Honorable John G. Koeltl. …
Founder And Former Chief Investment Officer Of New York Based Investment Adviser Charged With Securities Fraud And Obstruction Of Justice
Damian Williams, United States Attorney for the Southern District of New York, and Michael J. Driscoll, the Assistant Director-in-Charge of the New York Office of the Federal Bureau of Investigation (“FBI”), announced…
California Man Admits Role in $50 Million Wire and Securities Fraud Scheme
NEWARK, N.J. – A California man today admitted conspiring to commit wire and securities fraud in connection with his role in a $50 million internet-enabled fraud scheme, U.S. Attorney Philip R. Sellinger…
Former Analyst Pleads Guilty To Securities Fraud For Committing Insider Trading By Front-Running Employer’s Pending Trades
Damian Williams, the United States Attorney for the Southern District of New York, announced today that SERGEI POLEVIKOV, a former analyst employed by an asset management firm, pled guilty to one count…
Former South Bay Executive Sentenced to Nearly Three Years in Federal Prison for Insider Trading and Securities Fraud
LOS ANGELES – A former executive at a Hawthorne-based company was sentenced today to 35 months in federal prison for trading in options contracts using inside company information and illegally purchasing…
Israeli Securities Trader Sentenced To 30 Months In Prison For Role In International Insider Trading Scheme
Damian Williams, United States Attorney for the Southern District of New York, announced that DOV MALNIK, an Israeli securities trader and finance professional, was sentenced to 30 months in prison for his…
Manhattan Real Estate Fund Manager Charged With Securities Fraud Offenses
Damian Williams, the United States Attorney for the Southern District of New York, and Philip R. Bartlett, the Inspector-in-Charge of the New York Division of the U.S. Postal Inspection Service (“USPIS”), announced…
Hudson Valley Tequila Producer Pleads Guilty To Securities Fraud Scheme
Damian Williams, the United States Attorney for the Southern District of New York, announced that JOSEPH CIMINO, the founder of a tequila brand based in the Hudson Valley, pled guilty today to…
Ohio AG Sues Facebook For Securities Fraud, Alleges It Hid Harms To Children
Republican Ohio Attorney General Dave Yost filed a complaint against Facebook on Monday, alleging the company misled its investors. The complaint alleges that Facebook executives violated federal securities laws by making false statements…
Chandler Man Sentenced to 30 Months for Securities Fraud and Embezzlement
PHOENIX, Ariz. – On Wednesday, Vu Anh Nguyen, 26, of Chandler, Arizona was sentenced by U.S. District Judge James A. Teilborg to 30 months in federal prison and ordered to pay more…
Ottawa County Man Pleads Guilty To Securities Fraud
GRAND RAPIDS, MICHIGAN — U.S. Attorney Andrew Birge announced today that Joshua Louis Rupp, 37, previously of West Olive, Michigan, pled guilty to a felony information alleging…
Queens Man Convicted of Securities and Wire Fraud Conspiracies Relating to the Foreign Exchange Market
John Won was convicted by a federal jury in Brooklyn yesterday of all five counts of an indictment charging him with securities fraud, wire fraud and money laundering conspiracies, as well as…
Florida Attorney Pleads Guilty To Securities Fraud In Connection With Fraudulent Opinion Letter Scheme
Damian Williams, the United States Attorney for the Southern District of New York, announced today that THOMAS CRAFT, a licensed attorney, pled guilty in Manhattan federal court to securities fraud. CRAFT’s guilty…
Two New Jersey, One New York Securities Claims Aggregators Arrested and Charged with $40M Fraud
PHILADELPHIA – Acting United States Attorney Jennifer Arbittier Williams announced that Joseph Cammarata, 47, of Monmouth Beach, NJ; Erik Cohen, 40, of Manalapan, NJ; and David Punturieri, 41, of Staten Island, NY;…
New York Man Admits Defrauding Investors of More Than $3.5 Million through Securities Offering Scheme
TRENTON, N.J. – A New York man today admitted perpetrating a scheme to defraud more than 70 investors through a long-running securities offering fraud that raised more than $4 million and caused investor…
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