Search Results for: Isle of Man
SEC: Alternative Fund Manager Overcharged Fees, Misled Investors
January 20th, 2016
The Securities and Exchange Commission today announced that a Denver-based alternative fund manager has agreed to settle charges that the firm overcharged management fees and misled investors about how it valued certain assets. An SEC investigation found that Equinox ...
iSignthis: $264m damages claim against ASX Ltd for misleading and deceptive conduct
August 21st, 2020
iSignthis Ltd (“ISX”) has filed its amended statement of claim against the ASX Limited (“ASX”) in the Federal Court of Australia. The amended statement of claim now also alleges misleading and deceptive conduct under section 1041H of the Corporations ...
Enormous refund ordered to USA retail investors for being misled
August 28th, 2018
The Securities and Exchange Commission (SEC) announced charges against four Transamerica entities for misconduct involving faulty investment models and ordered the entities to refund $97 million to misled retail investors. According to the SEC’s order, investors put billions of ...
Beware of firms that use misleading information to solicit investors
August 7th, 2018
The Securities and Exchange Commission (SEC) announced that it has updated its list of unregistered firms that use misleading information to primarily solicit non-U.S. investors, adding 16 soliciting entities, four impersonators of genuine firms, and nine bogus regulators. The ...
SEC charges investment adviser and CEO with misleading retail investors
July 20th, 2018
The Securities and Exchange Commission (SEC) charged a Connecticut-based investment advisory firm and its chief executive officer with putting $19 million of investor money, including elderly investors’ retirement savings and pension plans, in risky investments and secretly pocketing hefty ...
Firm to pay $3.4 Million Penalty for attempted manipulation of agricultural markets
July 16th, 2018
The Commodity Futures Trading Commission (CFTC) issued an Order filing and settling charges against Lansing Trade Group, LLC (Lansing), a commodity merchandising firm with headquarters in Overland Park, Kansas, for the attempted manipulation of the price of certain wheat ...
Yahoo agrees to pay $35 million for misleading investors after data breach
April 27th, 2018
The Securities and Exchange Commission (SEC) announced that Altaba formerly known as Yahoo! Inc. has agreed to pay a $35 million penalty to settle charges that it misled investors by failing to disclose one of the world’s largest data ...
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, ...
BCD Forex Investments LLC permanently barred
January 18th, 2018
The National Futures Association has issued an announcement to inform that has permanently barred Glendale, Ariz. commodity trading advisor BCD Forex Investments LLC (BCD) from membership and from acting as a principal of any NFA Member. The Decision, issued ...
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 ...
