Nikola Corporation agrees to pay $125 million to settle SEC fraud charges LeapRate

December 22, 2021 BY Steffy Bogdanova

Nikola Corporation agrees to pay $125 million to settle SEC fraud charges

Milton also failed to disclose important details about the refueling time of its prototype vehicles, the status of its headquarters’ hydrogen station, the expected cost and sources of electricity for its hydrogen production, and the economic risks that may arise from its proposed partnership with a leading auto manufacturer. Gurbir S. Grewal, Director of the…

December 21, 2021 BY Steffy Bogdanova

AMF warns against investment companies operating without authorisation

Since the beginning of the year, the French watchdog has added 25 websites to its list of unauthorised entities. This renumber represents a significant fall compared to the 78 websites the regulator warned against in 2020. AMF’s black list was created in 2017 and since then 361 unauthorised internet addresses were added with illegal offerings…

December 21, 2021 BY Steffy Bogdanova

Five Russians charged by SEC in a $80 million hacking and insider trading scheme

The SEC further detailed that the five defendants shared portions of their profits by funneling them through a Russian information technology company founded by Kliushin and for which Yermakov and Rumiantcev serve as directors. Gurbir S. Grewal, Director of the SEC’s Division of Enforcement, said: With this action, the SEC, using its powerful analytical tools,…

December 20, 2021 BY Steffy Bogdanova

Moscow Exchange reveals brand update

The letters MOEX in the new logo stand for Moscow Exchange and the stock exchange ticker. The Group’s logo remains in colour red. The official statement said: Moscow Exchange retains the colour red – the colour of confidence, vigour and leadership – as the basis of its brand. Compared with the previous logo, the colour…

December 14, 2021 BY Steffy Bogdanova

NatWest gets a £264.8 million fine for AML compliance failures

Some of NatWest’s employees who handled these cash deposits shared their suspicions with the bank’s investigative staff but no action was taken. The warning signs included large amounts of Scottish bank notes deposited throughout England, as well as deposits of notes carrying a noticeable musty smell and individuals acting suspiciously when depositing the cash. Moreover,…

December 09, 2021 BY Steffy Bogdanova

Broadridge and SLIB launch joint proxy voting solution for the French Market

Demi Derem, General Manager of Broadridge’s International Investor Communication Solutions, said: The collaboration with SLIB, together with l’Association Française des Professionnels des Titres (AFTI), the French industry association, has been meticulously designed and implemented by experienced and deeply knowledgeable experts from all relevant stakeholders. Financial Intermediaries in France can now meet their regulatory obligation to…

December 03, 2021 BY Steffy Bogdanova

MOEX trading volumes rise 7.2% MoM in November

MOEX reported that Derivatives Market volumes increased by 33.33% MoM to RUB 17.6 trillion in November (October 2021: RUB 13.2 trillion) or 216.9 million contracts (October 2021: 166.7 million). The Standardised OTC Derivatives Market volumes decreased by 12.31% MoM, reaching RUB 234.4 billion. FX Market trading volume stood at RUB 26.1 trillion (October 2021: RUB…

December 03, 2021 BY Steffy Bogdanova

CME Group reports a 20% YoY rise in overall ADV in November

CME Group stated: ADV outside the United States increased 11% to 6.4 million contracts, including 33% growth in Latin America, 14% in EMEA and 2% in Asia. BrokerTec U.S. Treasury average daily notional value (ADNV) increased 17% to $127B, including a record RV Curve monthly ADNV of $578 million in November. U.S. Repo ADNV increased…

December 01, 2021 BY Steffy Bogdanova

SEC files charges in a $49 million insider trading schemes

Debih allegedly traded on the tips he received from the investment bankers and recommended to others to trade. SEC has charged seven other people in connection with these schemes. Debih is charged violating the antifraud provisions of the Securities Exchange Act of 1934. He has agreed to the entry of a judgment which, if approved…

November 30, 2021 BY Steffy Bogdanova

Forex firm Denari Capital and owner to pay $4 million in Pool Fraud case brought by CFTC

The court also found that Capson made misrepresentations about Denari’s activities to the National Futures Association (NFA). The court ordered Capson and Sarkar to payf $250,000 and $166,000, respectively, as penalty. Additionally they and Denari are required to pay restitution of $3,663,282 to victims of their scheme. The court also imposed a permanent injunction prohibiting…

Category: Financial Services