Search Results for: Isle of Man
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 permanently bans financial adviser
February 15th, 2016
ASIC has permanently banned Mr Darren Wise, of Rhodes, NSW, from providing financial services. The ban follows an ASIC investigation and criminal action against Mr Wise which resulted in him pleading guilty, in the Maroochydore Magistrates Court, to three ...
NFA permanently barred an introducing broker firm
January 26th, 2016
National Futures Association (NFA) has permanently barred CC Trading Company LLC (CC Trading), an NFA Member introducing broker located in New York, N.Y., from membership and from acting as a principal of an NFA Member. The Decision, issued by an NFA Hearing ...
SEC: J.P. Morgan Misled Customers on Broker Compensation
January 7th, 2016
The Securities and Exchange Commission announced that J.P. Morgan’s brokerage business agreed to pay $4 million to settle charges that it falsely stated on its private banking website and in marketing materials that advisors are compensated “based on our clients’ ...
SEC warns for fraudsters who may attempt to manipulate share prices by using social media
November 6th, 2015
The U.S. Securities and Exchange Commission’s (SEC) Office of Investor Education and Advocacy (“OIEA”) is issuing this Investor Alert to warn investors about fraudsters who may attempt to manipulate share prices by using social media to spread false or ...
SEC: Worldwide pyramid scheme operator misled investors
October 5th, 2015
SEC Halts $32 Million Scheme That Promised Riches From Amber Mining The USA regulator, Securities and Exchange Commission (SEC), has issued an announcement to inform that it has filed fraud charges and obtained asset freezes against the operator of ...
NFA permanently barred firms from commodity trading advisor and pool operator membership
September 21st, 2015
NFA bars Burnet, Texas firm McElhannon Group from membership National Futures Association (NFA) has permanently barred the McElhannon Group, Inc. (McElhannon Group), an NFA Member commodity trading advisor, from membership and from acting as a principal of an NFA ...
SEC Charges BDO and Five Partners in Connection With False and Misleading Audit Opinions
September 10th, 2015
The Securities and Exchange Commission today charged national audit firm BDO USA with dismissing red flags and issuing false and misleading unqualified audit opinions about the financial statements of staffing services company General Employment Enterprises. The SEC also charged ...
B.C. securities regulator alleges misrepresentation, illegal distributions and market manipulation
August 26th, 2015
The Executive Director of the British Columbia Securities Commission (BCSC) has issued a notice of hearing alleging that three individuals issued false or misleading news releases, made illegal distributions, and participated in a market manipulation. The notice alleges that Christine Maria ...
Goldman Sachs Pays $272M to Settle Suit Over Mortgage-Backed Securities
August 14th, 2015
Goldman Sachs Group Inc. will pay $272 million to settle a lawsuit that claimed the Wall Street bank defrauded investors about the safety of about $6 billion of residential mortgage-backed securities they bought in 2007 and 2008. The settlement ...
