Australian regulator ASIC informed the public today of its decision to ban Mr David Stephen Cornford of Centennial Park, New South Wales, from providing financial services for a period of 6 years. Cornford was employed as an adviser at Kaz Capital Pty Ltd between 2014 and 2017. According to the regulator, Cornford was: buying and…
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The UK regulator FCA has issued several Decision Notices today in respect of three firms and five individuals. The companies names are Financial Page Ltd, Henderson Carter Associates Limited and Bank House Investment Management Limited and the individuals - Andrew Page, Thomas Ward, Aiden Henderson, Robert Ward and Tristan Freer. The FCA will take the…
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The Securities and Exchange Commission (SEC) announced that it has charged a New York City man with continuing a previously charged scheme. According to the US regulator, James Siniscalchi, Chief Compliance Officer, at a firm, claiming to have special access to profitable and highly sought-after event tickets, knowingly misused investor money to benefit himself and…
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The U.S. Securities and Exchange Commission (SEC) yesterday opened charges against Volkswagen AG, Martin Winterkorn, its former CEO, and two of its subsidiaries for scamming U.S. investors by issuing corporate bonds and fixed income securities that raised billions of dollars through misleading statements about the company's "clean diesel" fleet of cars and their environmental impact.…
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The Commodity Futures Trading Commission (CFTC) announced that a federal court has resolved its action against the company 1pool Ltd. and its owner, by entering a Consent Order. 1pool Ltd. and its CEO and owner, Patrick Brunner, have been charged with illegally offering retail commodity transactions that were margined in bitcoin, failing to register as a…
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The U.S. Securities and Exchange Commission (SEC) opened charges against Spartan Securities Group, Ltd., a broker-dealer, and Island Capital Management LLC, a transfer agent, which also operates as Island Stock Transfer, for creating and selling a minimum of 19 bogus public companies. The scheme was initiated by Spartan Securities, which filed documents with the Financial…
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The US Securities and Exchange Commission (SEC) yesterday opened insider trading charges against a former senior Apple Inc.(NASDAQ:AAPL) attorney named Gene Daniel Levoff. According to SEC charges, Levoff was responsible for implementing Apple’s insider trading compliance measures when he used his position to buy Apple shares before quarterly earnings releases. Levoff served as Apple’s company…
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A former FX Options and futures trader at Deutsche Bank’s Sydney branch, Andrew Donaldson, was today sentenced to 18 months in prison by the Sydney District Court for fabricating trade entries within the bank’s internal documents and systems, Australian regulator ASIC stated earlier today. Donaldson, who now resides in New Zealand, pleaded guilty to the…
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Australian regulator ASIC has just announced that it has charged Richard Gardner, a credit representative and former financial adviser, and Advanced Wealth Financial Services Pty Ltd with unauthorized financial services offering. The company and Gardner are carrying on a financial services business without being authorized or licensed to do so. Advanced Wealth Financial Services is…
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Back in September 2017, LeapRate reported that the Securities and Exchange Commission (SEC)' EDGAR system data has been hacked. Some individuals have extracted a nonpublic information to use for illegal trading, or as SEC Chairman Jay Clayton issued in his statement back then - the data may have been used for “illicit gain through trading”.…
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