Tag: Inc

Online marketplace Trustify Inc. and its founder charged in $18.5 million fraud
June 12, 2020 BY Steffy Bogdanova

SEC stops Covid-19 microcap fraud scheme

Paul Levenson, Director of the SEC’s Boston Regional Office commented: Microcap stocks can be particularly vulnerable to manipulative schemes, and investors should be alert to the heightened risks that exist during this national emergency. The SEC will continue to act quickly to protect investors from investment scams, including those seeking to capitalize on the COVID-19…

Read more
September 25, 2017 BY LeapRate Staff

Bitcoin Ponzi scheme run by Gelfman Blueprint Inc uncovered by the CFTC

The U.S. Commodity Futures Trading Commission (CFTC) has announced the filing of a federal civil enforcement action in the U.S. District Court for the Southern District of New York against Defendants Nicholas Gelfman, of Brooklyn, New York, and Gelfman Blueprint, Inc. (GBI), a New York corporation, charging them with fraud, misappropriation, and issuing false account statements in connection…

Read more
cftc penalty
January 09, 2017 BY admin

New York FX investment fraudsters ordered to pay $11.6M in sanctions

The U.S. Commodity Futures Trading Commission (CFTC) obtained judgments against each of the Defendants and Relief Defendants in a fraudulent, Forex scheme involving misappropriation of customer funds and false statements to customers to conceal the fraud. The Orders impose permanent registration and trading bans against the Defendants and order the Defendants to pay over $11.6…

Read more
August 04, 2016 BY Mike Fox

CFTC orders Barclays to pay $800,000 for supervision failures

The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against Barclays Capital, Inc. (Barclays), a Connecticut corporation headquartered in New York City which operates as a subsidiary of Barclays Group US, Inc, for failing to diligently supervise its officers’, employees’, and agents’ processing of exchange and clearing fees it…

Read more
July 21, 2016 BY Valentina Kirilova

OTC Markets Group welcomes First Security Inc. to OTCQX best market

OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, has announced First Security Inc. (OTCQX: FIIT), the holding company for First Security Bank, Inc., a Kentucky based banking corporation, has qualified to trade on the OTCQX® Best Market. First Security Inc. upgraded to OTCQX from the Pink® market. First…

Read more