Tag: charges

CFTC
October 21, 2021 BY Steffy Bogdanova

CFTC brings charges in a $3.9 million forex and crypto fraud scheme

According to the CFTC, since September 2020, the defendants solicited through different channels, including Kikit’s website, over $3.9 million from 61 clients. The clients gave their money to the defendants to manage them in customized client portfolios for forex and crypto trading. The regulator stated that the defendants did not trade with their clients funds…

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sec charges
January 03, 2020 BY Valentina Kirilova

Six companies charged with international microcap fraud schemes

The Securities and Exchange Commission (SEC) has announced yesterday that it has charged six individuals and their companies with participating in international microcap fraud schemes. The above-mentioned schemes generated more than $35 million of illegal sales of stock in at least 45 microcap companies. According to the regulator, Steve M. Bajic and Rajesh Taneja helped shareholders…

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asic afs license
September 04, 2019 BY Valentina Kirilova

ASIC cancels Platinum Perpetual Global Private Wealth's AFS licence

Australian regulator ASIC announced earlier today that it has cancelled the Australian financial services (AFS) licence of the company Platinum Perpetual Global Private Wealth Pty Ltd, based in Perth (AFSL 508415). The AFS licence was cancelled at the request of the company, following a separate action brought by Western Australian Police Force (WAPF), which has…

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insider trading
August 13, 2019 BY Valentina Kirilova

Investment banking analyst charged with insider trading

The Securities and Exchange Commission (SEC) has yesterday charged an analyst at an international investment bank with insider trading. According to the SEC, Bill Tsai, a junior investment broker, had a confidential information about Siris Capital Group's plans to acquire Electronics for Imaging, Inc. (EFII). Tsai was working from the bank's New York office. Knowing…

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DFSA
July 02, 2019 BY Valentina Kirilova

Fieldstone Financial Management Group charged with fraud

The U.S. Securities and Exchange Commission (SEC) announced yesterday that it has charged Fieldstone Financial Management Group LLC and its principal Kristofor R. Behn with defrauding retail investment advisory clients. Behn also fraudulently misused approximately $500,000 of one investor’s funds to pay personal expenses. According to the SEC approximately 40 retail clients of Behn and…

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SFC fines
May 29, 2019 BY Valentina Kirilova

NSSC fines FPE Trading $165,000

The Nova Scotia Securities Commission announced earlier today that it has ordered Jean-Smaille Germeil and FPE Trading to pay an administrative penalty of $150,000, as well as to cover all the costs in connection with the investigation and conduct of this proceeding before the Commission in the amount of $15,000. Germeil and FPE Trading have repeatedly…

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