SEC files fraud charges against four Atlanta area brokers targeting Federal retirees LeapRate

July 31, 2017 BY LeapRate Staff

SEC files fraud charges against four Atlanta area brokers targeting Federal retirees

The U.S. Securities and Exchange Commission today charged four former Atlanta-area brokers with fraudulently inducing federal employees to roll over holdings from their federal Thrift Savings Plan (TSP) retirement accounts into higher-fee, variable annuity products. The four former brokers charged are Christopher S. Laws, Jonathan D. Cooke, Danny S. Hood, and Brandon P. Long. The…

July 28, 2017 BY Valentina Kirilova

Charalambos Kiritsis of defunct FX broker UBFS Invest fined €10,000 by CySEC

The Board of the Cyprus Securities and Exchange Commission (CySEC) has informed that, at its meeting held on 26 June 2017, decided to impose an administrative fine of €10.000 to Mr. Charalambos Kiritsis for non compliance paragraph 9(1) of CySEC Directive DI144-2007-01 of 2012 for the Authorisation and Operating Conditions of CIFs (‘the Directive’) since,…

July 28, 2017 BY Valentina Kirilova

Insider dealer ordered to pay $15.6 million to investors

The Court of First Instance has ordered Ms Sun Min to pay the restoration amount of $15,629,341 to 51 investors affected by her insider dealing in China Huiyuan Juice Group Limited (Huiyuan) shares, Hong Kong Securities and Futures Commission (SFC) just announced. The Court order granted on 17 July 2017 was made under section 213(2)(b)…

Securities and Exchange Commission proposes Transaction Fee Pilot for NMS Stocks

July 28, 2017 BY Valentina Kirilova

Halliburton paying $29.2 million to settle FCPA violations

The Securities and Exchange Commission (SEC) charged Halliburton Company with violating the books and records and internal accounting controls provisions of the Foreign Corrupt Practices Act (FCPA) while selecting and making payments to a local company in Angola in the course of winning lucrative oilfield services contracts. Halliburton, which profited by approximately $14 million from…

July 27, 2017 BY Valentina Kirilova

Licence applicant convicted for providing SFC with false information

The Eastern Magistrates’ Court today convicted Ms Yan Ching Ching after she pleaded guilty to three counts of making false or misleading representations in support of her licence application to the Hong Kong Securities and Futures Commission (SFC). Yan, among other things, failed to disclose her previous criminal convictions in her SFC licence application in…

July 27, 2017 BY Valentina Kirilova

Nasdaq Stockholm fines XBT provider AB SEK 1,000,000

The Disciplinary Committee of Nasdaq Stockholm has found that XBT Provider AB has breached Nasdaq Stockholm’s Rule Book for Issuers of warrants and certificates and other regulations in several respects and, accordingly, has imposed a fine on XBT amounting to SEK 1,000,000. XBT has not complied with the internal routines and procedures (Internal Rule Book)…

July 26, 2017 BY LeapRate Staff

CFTC bans and fines commodities trader Simon Posen for Spoofing

The U.S. Commodity Futures Trading Commission (CFTC) has issued an Order filing and settling charges against Simon Posen of New York, New York for engaging in thousands of incidents of “spoofing” in gold, silver, and copper futures contracts traded on the Commodity Exchange, Inc., and crude oil futures contracts traded on the New York Mercantile Exchange over a…

July 25, 2017 BY Valentina Kirilova

Financial Choice pays $21,600 in penalties for false and misleading representations

Financial Choice Pty Ltd, an Australian financial services provider, has paid two ASIC infringement notice penalties totalling $21,600, after making misleading representations in marketing emails sent to consumers and on its website. The first infringement notice related to a representation made by Financial Choice in bulk emails the company sent to around 215,000 consumers in…

July 20, 2017 BY LeapRate Staff

Arthur Toole III and his companies Billionaire Investor Group and Catalyst Traders fined for commodity pool fraud

The U.S. Commodity Futures Trading Commission (CFTC) has announced the settling of charges against Arthur Toole III of Atlanta, Georgia and his companies Billionaire Investor Group (BIG), a Texas limited liability company, The Toole Group Inc., a Texas corporation, and Catalyst Traders LLC, a Georgia limited liability company, for misappropriating commodity pool funds, fraudulent misrepresentations, commingling pool funds,…

July 20, 2017 BY Valentina Kirilova

CySEC revokes fines against former executive of CommexFX

Following a previous announcement, the Board of the Cyprus Securities and Exchange Commission (CySEC) just informed that, on its meeting dated 17 July 2017, has decided, for procedural reasons, to revoke its Decision of 13 February 2017 for the imposition of administrative sanctions to Mr. Amr Jamal Mohamed Hendawi and more specifically: for the imposition…

Category: Fines