Tag: SEC

DFSA
November 02, 2017 BY Valentina Kirilova

Petroleum engineer settles charges of insider trading ahead of oil discovery announcement

A petroleum engineer who worked at Texas-based energy company Apache Corporation has agreed to settle the U.S. Securities and Exchange Commission (SEC) charges that he conducted insider trading ahead of a market-moving announcement about the company’s discovery of a significant new oil source. The SEC alleges that Christopher J. Lollar traded on nonpublic information while…

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Securities and Exchange Commission proposes Transaction Fee Pilot for NMS Stocks
November 01, 2017 BY Valentina Kirilova

Millennium settles charges of illegal short selling in advance of stock offerings

Investment advisory firm Millennium Management LLC has agreed to pay more than $630,000 to settle charges that it shorted U.S. stocks in companies planning follow-on offerings and then illegally bought shares in the follow-on offerings, the U.S. Securities and Exchange Commission (SEC) informed earlier. An SEC investigation found that Millennium violated an anti-manipulation provision of…

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October 24, 2017 BY Mariela Naydenova

Bitcoin ETFs - When and How

Bitcoin's popularity is surging up, especially now with the upcoming hard fork and the new price level it broke: $6,000. The next step for bitcoin seems logical - the launch of Bitcoin ETFs. However, the idea has been struggling and to this day, there is no approval for U.S. SEC on such a product to…

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sec whistleblower award
October 16, 2017 BY Valentina Kirilova

SEC announces whistleblower award of more than a million dollars

The Securities and Exchange Commission (SEC) announced that a whistleblower has earned an award of more than $1 million for providing the SEC with new information and substantial corroborating documentation of a securities law violation by a registered entity that impacted retail customers. Today’s award reflects the impact that whistleblower information can have in uncovering…

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Securities and Exchange Commission proposes Transaction Fee Pilot for NMS Stocks
October 13, 2017 BY Valentina Kirilova

SEC charges lawyers with assisting a microcap fraud scheme

The Securities and Exchange Commission (SEC) announced that it has charged two lawyers it alleges helped facilitate a microcap fraud scheme involving undisclosed “blank check” companies secretly bound for reverse mergers. In complaints filed in the U.S. District Court for the Southern District of Florida, the SEC alleges that James M. Schneider of Hillsboro Beach,…

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Securities and Exchange Commission proposes Transaction Fee Pilot for NMS Stocks
October 09, 2017 BY Valentina Kirilova

Robert Evans III named Chief of the Office of International Corporate Finance in SEC

The Securities and Exchange Commission (SEC) has announced that Robert Evans III has been named Chief of the Office of International Corporate Finance in the agency’s Division of Corporation Finance. The office spearheads the division’s outreach to non-U.S. issuers that access the U.S. capital markets. Mr. Evans recently joined the Division of Corporation Finance after…

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October 05, 2017 BY LeapRate Staff

SEC charges Michael Scronic with multi million dollar options investment ponzi scheme fraud

The U.S. Securities and Exchange Commission today charged a Westchester, New York-based investment adviser with fraud stemming from lies to retail investors about the value of their investments in a Ponzi-like scheme. The SEC alleges that, starting in approximately 2010, Michael Scronic began to raise money from at least 42 friends and acquaintances, many of…

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