The CFTC found that the fraudulent actions of the defendants began in September 2020. They fraudulently solicited $7.2 million from 322 clients, promising to use the funds to trade forex and cryptocurrency in individual managed accounts. According to the regulator, Tinoco and his company, Kikit & Mess Investments did not trade their clients’ money as…
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Playtech’s CEO, Mor Weizer commented: Our full year results demonstrate the quality of Playtech's technology and the momentum across the Group. Our strong performance is underpinned by our B2B business, in particular the tremendous growth we have seen in the Americas. We have made real progress in the execution of our US strategy, supported by…
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According to the court files, Phelps and Castenir formed Maverick, which operated commodity trading pool. In 2013 the company solicited over $1.2 million in funds from investors. The defendants used false materials claiming that Phelps had an extensive history of investing successfully in commodity trading markets. The defendants also falsely assured investors that there would…
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Jason Wilk, Chief Executive Officer of Dave, said: This is an exciting milestone for our Company, our shareholders and all Dave members. We believe blockchain technology has the potential to level the financial playing field across the globe. By aligning with a world-class leader such as FTX US, we are in position to enter the…
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Furthermore, the Commission alleged that defendants were paid $10 million for promoting thinly traded stocks, which they misled investors to believe had high prospects for success. Paul Levenson, Director of the SEC’s Boston Regional Office, said: These scam artists went to great lengths – using bogus companies, aliases, and spoofing their phone numbers – to…
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The new LATAM40 ETF offers access, exposure and tracking of 40 of the largest Latin American stocks a single fund. The company stated: The fund generally invests at a majority of its assets in the component securities of its underlying index and in investments that have economic characteristics identical to the component securities of its…
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FINRA stated: Between January 2017 and January 2021, Crown Capital paid approximately $19.3 million in commissions earned by 18 of its registered representatives to 18 unregistered entities. The unregistered entities were corporations and limited liability companies created by the registered representatives to serve as doing business as names for their securities businesses and were disclosed…
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Without the Worldline-related effects, SIX’s net profits in 2021 increased 37.3%. During the last year, the company launched its SIX Digital Exchange and also expanded its ESG indices and data offerings. The exchange also started introduced a new equity segment for SMEs under the brand Sparks. The exchange stated: While equity trading on the stock…
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Additionally, local-currency denominated Russian bonds will be excluded from the GBI-EM indices. The bank also said that accrued interest for such bonds will be set to zero and suspended on 7 March. Moreover, Russia and Belarus will be excluded from the JESG EMBI, JESG GBI-EM, and JESG CEMBI indices. Index providers FTSE Russell and MSCI…
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SEC pointed out that Collins approved of AVG employees using the “industry standard ‘2 and 20’” language. He personally used the same language with fund investors. SEC also found that AVG made inter-fund loans and cash transfers between funds and made loans to certain funds which is in violation of the funds’ respective operating agreements.…
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