The Securities and Exchange Commission (SEC) announced the unsealing of fraud charges against a Mississippi company and its principal who allegedly bilked at least 150 investors in an $85 million Ponzi scheme. The defendants agreed to permanent injunctions, an asset freeze, and expedited discovery. The SEC’s complaint alleges that Arthur Lamar Adams lied to investors…
Read moreASIC has expanded its legal proceedings recently filed in the Federal Court in Sydney against Rio Tinto Limited (RTL) and its former Chief Executive Officer, Mr Thomas Albanese, and its former Chief Financial Officer, Mr Guy Elliott. The new allegations relate to RTL's failure to recognise an impairment of a wholly owned subsidiary, Rio Tinto…
Read moreTokyo Financial Exchange (TFX) has just released its trading volumes report with down results for April 2018. Combined trading volume for all TFX products was 2,581,263 (-23.9% MoM / -13.8% YoY ) and its average daily trading volume was 123,238 contracts. The trading volume of Three-month Euroyen futures was 127,048 (-43.0% MoM / -8.0% YoY…
Read moreThe U.S. Commodity Futures Trading Commission (CFTC) has announced that it has filed a federal civil enforcement action in the U.S. District Court for the Western District of Texas against Defendant Charles H. McAllister, of Auburn, Alabama, charging him with fraud and misappropriation in connection with contracts of sale of precious metals through his company, BullionDirect, Inc.…
Read moreThe UK Financial Conduct Authority (FCA) has put out details of the cloned firm Amalgamated Properties Limited. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics…
Read moreThe Ontario Securities Commission (OSC) has announced that Douglas DeBoer of Ancaster, Ontario and Leonard Lodder of Guelph, Ontario, have been charged with fraud and related offences under the Securities Act (Ontario) following a lengthy investigation by the OSC’s Joint Serious Offences Team (JSOT). DeBoer has been charged with the following offences under the Securities…
Read moreUK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the company Atwood Stanley Asset Management. Atwood Stanley Asset Management is not authorised by the FCA but has been targeting people in the UK and is also carrying…
Read moreThe Cyprus Public Audit Oversight Board (CyPAOB) and the Cyprus Securities and Exchange Commission (CySEC) have announced that they have recently signed a Memorandum of Understanding (MoU). The MoU was signed by Mrs Rea Georgiou, Chairwoman of CyPAOB and Mrs Demetra Kalogerou, Chairwoman of CySEC. With this MoU, a framework and procedures for close cooperation…
Read moreThe UK Financial Conduct Authority (FCA) has put out details of the cloned firm Whitestone Finance Ltd. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics…
Read moreTMX Group (TSX:X) has just announced that Ceridian HCM Holding Inc. (Ceridian), a global human capital management (HCM) technology company headquartered in the United States, commenced trading on Toronto Stock Exchange (TSX) under the symbol TSX:CDAY. Ceridian's initial public offering (IPO) raised US$462 million, making it the largest technology company (by initial market capitalization) to…
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