JPMorgan Chase Bank pays more than $135m to settle SEC charges LeapRate

December 27, 2018 BY Valentina Kirilova

JPMorgan Chase Bank pays more than $135m to settle SEC charges

The Securities and Exchange Commission (SEC) has announced that it has charged JPMorgan Chase Bank N.A. with improper handling of “pre-released” American Depositary Receipts (ADRs). The financial services company has agreed to pay more than $135 million to settle the charges. The official announcement reads as follows: ADRs – U.S. securities that represent foreign shares…

December 20, 2018 BY Valentina Kirilova

13 unregistered brokers charged for selling Woodbridge securities to retail investors

The Securities and Exchange Commission (SEC) has announced that it has charged 13 individuals and 10 companies for unlawfully selling securities of Woodbridge Group of Companies LLC to retail investors. The SEC has now charged 18 of Woodbridge’s highest-earning unregistered sales agents who sold more than $400 million of its securities to retail investors,” said Eric…

December 13, 2018 BY Valentina Kirilova

AriseBank's former execs pay $2.7 million to settle ICO scam charges

The Securities and Exchange Commission (SEC) has announced that the federal court has fined AriseBank’s two former execs nearly $2.7 million. Former CEO Jared Rice Sr. and then-COO Stanley Ford were accused of offering and selling unregistered investments in their purported “AriseCoin” cryptocurrency. The allegedly fraudulent initial coin offering (ICO) scheme was stopped by the SEC earlier…

November 16, 2018 BY Valentina Kirilova

SEC brings additional charges in New York boiler room scheme targeting seniors

The Securities and Exchange Commission (SEC) has informed that it has brought additional charges against a Long Island, New York-based boiler room previously sued for defrauding elderly and unsophisticated investors. The latest charges allege that First Choice Healthcare Solutions Inc. CEO Christian Romandetti, the boiler room, and four others, manipulated the company’s shares generating more…

November 16, 2018 BY Valentina Kirilova

SEC charges Giga Entertainment Media, former officers and directors with fraud

The Securities and Exchange Commission (SEC) has announced that it has charged Giga Entertainment Media Inc. and five of its former officers and directors—Gary Nerlinger, Jarret Streiner, Lawrence Silver, Alfred Colucci, and Charles Noska—with fraud in connection with a scheme to mislead investors. According to the SEC’s complaint, between February and August 2016, the company…

November 15, 2018 BY Valentina Kirilova

SEC settles insider trading claims against former CEO of Advanced Medical Optics

The Securities and Exchange Commission (SEC) has announced that it has agreed to resolve its insider trading claims against James V. Mazzo, the former Chairman and Chief Executive Officer of Advanced Medical Optics, Inc. (AMO) for allegedly tipping information about his company's acquisition to his close personal friend, former professional baseball player Douglas V. DeCinces.…

November 08, 2018 BY Valentina Kirilova

Queensland liquidator committed on fraud charges

Mr David John Leigh, 56, of Sherwood, Queensland, has been committed by the Brisbane Magistrates’ Court on fraud charges and will be sentenced by the Brisbane District Court following an investigation by ASIC. ASIC alleges that between 25 July 2017 and 9 November 2017, Mr Leigh, as the co-liquidator of Neolido Holdings Pty Ltd (Neolido),…

November 08, 2018 BY Valentina Kirilova

Citibank to pay more than $38 million for improper handling of ADRs

The Securities and Exchange Commission (SEC) has just announced that Citibank N.A. has agreed to pay $38.7 million to settle charges of improper handling of “pre-released” American Depositary Receipts (ADRs). ADRs – U.S. securities that represent foreign shares of a foreign company – require a corresponding number of foreign shares to be held in custody…

November 08, 2018 BY Valentina Kirilova

ITG pays $12 million for misleading dark pool subscribers

The Securities and Exchange Commission (SEC) has announced that ITG Inc. and its affiliate AlterNet Securities Inc. have agreed to pay $12 million to settle charges arising from ITG’s misstatements and omissions about the operation of the firm’s dark pool, POSIT, and ITG’s failure to establish adequate safeguards and procedures to protect POSIT subscribers’ confidential…

November 02, 2018 BY Valentina Kirilova

ASIC obtains orders against Goldsky Global Access Fund Pty Ltd

The Queensland Supreme Court has appointed Anthony Castley of William Buck as receiver and manager over the assets of Goldsky Global Access Fund Pty Ltd, Kenneth Charles Grace and associated entities. Freezing orders were also made restraining the disposal of any property (including money and securities) by Mr Grace, Goldsky Global Access Fund Pty Ltd, Goldsky Asset…

Category: Charges