Search Results for: market manipulation
South Australian day trader sentenced for market manipulation
April 11th, 2018
Stefan Mark Boitcheff of South Australia, has been convicted and sentenced after pleading guilty to two market manipulation-related charges in the District Court of South Australia. Mr Boitcheff was last week sentenced to one year and nine months imprisonment, ...
SFC issues restriction notices to three brokers to freeze client accounts linked to suspected market manipulation
August 31st, 2017
The Securities and Futures Commission (SFC) has issued restriction notices to Caitong International Securities Co., Ltd, Pacific Foundation Securities Limited and Yuanta Securities (Hong Kong) Company Limited (the brokers), prohibiting them from dealing with or processing certain assets held ...
Dutch Authority for the Financial Markets fined a company for market manipulation
July 12th, 2017
The Dutch Authority for the Financial Markets (AFM) has imposed an administrative fine of € 10,000 on the Spanish company Lexon Capital S.L. (Lexon). The fine was imposed because Lexon manipulated the prices of four equity funds that are ...
Masterminds behind largest market manipulation case in Singapore charged
November 28th, 2016
Soh Chee Wen, also known as John Soh (Soh), and Quah Su-Ling (Quah) have today been charged for orchestrating a massive fraud to manipulate the market for the shares of Blumont Group Ltd (Blumont), Asiasons Capital Limited (Asiasons) (now ...
Romanian prosecutors hold two local brokers for capital market manipulation
September 1st, 2016
Romanian prosecutors held two brokers for committing several crimes, including capital market manipulation, according to a statement from the Directorate for Investigation of Organized Crime and Terrorism (DIICOT). Stefan Terziu and Andrei Terziu were charged with having created an ...
New EU rules to fight insider dealing and market manipulation in Europe’s financial markets take effect
July 5th, 2016
A revamped EU legal framework, applicable as of 3 July, will ensure even more efficient, transparent and trustworthy European financial markets. This new rulebook, will increase investor protection and confidence by allowing deeper and more integrated financial markets, and ...
FINRA Bars Broker for Market Manipulation
February 23rd, 2016
Supervisor Barred from Supervising, Suspended and Fined; Additional Broker Sanctioned The Financial Industry Regulatory Authority (FINRA) announced that it has barred broker George Johnson from the securities industry for engaging in a manipulative trading scheme to artificially inflate the ...
ASIC bans former financial adviser for market manipulation
December 18th, 2015
ASIC has banned Tony Davidof, a former financial adviser, from providing financial services for three years. An ASIC investigation found that Mr Davidof engaged in manipulation of the price of MINI warrants issued by Credit Suisse, commonly called “MINIs”. ...
SEC Files Charges in Multi-Million Dollar Market Manipulation
December 16th, 2015
The Securities and Exchange Commission today charged a New Jersey man and his company with illicitly pocketing $13 million from an elaborate pump-and-dump scheme. The SEC alleges that Samuel DelPresto teamed up with others to secretly obtain control of ...
BCSC: A Swiss wealth management firm and two individuals alleged in market manipulation
November 23rd, 2015
The British Columbia Securities Commission (BCSC), has issued an announcement to inform in relation with allegations for two B.C. residents and a Swiss wealth management firm engaged in market manipulation and illegal distributions. The Executive Director of the British ...
