Search Results for: Isle of Man
ASIC permanently bans former Deutsche Bank FX trader
September 29th, 2016
ASIC has permanently banned former Deutsche Bank FX options and futures trader, Andrew Donaldson, of Sydney, from providing financial services. The banning follows an ASIC investigation into Mr Donaldson’s conduct in 2013 and 2014 in entering a significant number ...
LT Management pays infringement notice penalty
September 26th, 2016
LT Management Pty Limited (LT Management) has paid a $10,800 infringement notice penalty after making potentially misleading statements about the cost of setting up a self-managed superannuation fund (SMSF) using the services of RS Capital Partners Pty Limited (RS ...
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 ...
Former Goldman Sachs Trader Settles Fraud Charges
August 19th, 2016
The Securities and Exchange Commission today announced that the former head trader in residential mortgage-backed securities (RMBS) at Goldman Sachs has agreed to be barred from the securities industry and pay $400,000 to settle charges that he repeatedly misled ...
Is Deutsche Bank’s Gold Manipulation The Main Scam Or Just A Side-Show?
April 18th, 2016
For years now, the easiest way to finesse a debate over whether precious metals markets are manipulated has been to say, “well, if they’re not manipulated they’re the only market that isn’t.” That was unsatisfying, though, because as the ...
Goldman Sachs agreed to pay a $5 billion settlement for its role in 2008 financial crisis
April 14th, 2016
Goldman Sachs agreed to a $5 billion settlement payment Monday, marking yet another Wall Street giant that’s making up for its financial breaches through money — but whose executives have yet to face criminal charges for helping send the ...
SFAT affirms SFC decision to reprimand and fine Moody’s over Red Flags Report
April 6th, 2016
The Securities and Futures Commission (SFC) has reprimanded Moody’s Investors Service Hong Kong Limited (Moody’s) and fined it $11 million for various failures relating to its preparation and publication of the special comment report entitled “Red Flags for Emerging-Market ...
Goldman-1MDB Probe Zeroes In on Bond Deals
March 22nd, 2016
Investigation focuses on whether Wall Street firm misled investors when it sold securities issued by Malaysian fund U.S. authorities are investigating whether Goldman Sachs Group Inc. misled bondholders when the firm sold securities issued by a Malaysian government-investment fund that is at ...
VW: Prosecutors in Germany and France widen probes
March 9th, 2016
Prosecutors in Germany and France have broadened their investigations into the emissions scandal at Volkswagen. Authorities in Paris have opened a formal probe into “aggravated fraud” over the use of diesel engine devices that gave misleading emissions results. And ...
NFA bars Streamwood, Ill. introducing broker Portfolio Managers Inc. from membership
March 1st, 2016
National Futures Association (NFA) has permanently barred Portfolio Managers, Inc. (PMI), an NFA Member introducing broker located in Streamwood, Ill., and PMI’s LA branch office associated persons (AP) Christopher M. Hogan andThomas G. Heneghan from membership and from acting as principals of an ...
