Category: Charges

April 30, 2018 BY Valentina Kirilova

OSC charges two individuals with securities act offences

The Ontario Securities Commission (OSC) has announced that Douglas DeBoer of Ancaster, Ontario and Leonard Lodder of Guelph, Ontario, have been charged with fraud and related offences under the Securities Act (Ontario) following a lengthy investigation by the OSC’s Joint Serious Offences Team (JSOT). DeBoer has been charged with the following offences under the Securities…

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April 27, 2018 BY Valentina Kirilova

AAT cancels registration of NSW liquidator

The Administrative Appeals Tribunal (AAT) has affirmed a decision to cancel the registration of Sydney liquidator, Mr Randall Clinton Joubert, ASIC has announced earlier today. The AAT found that Mr Joubert's actions as a registered liquidator of several companies were deliberate and dishonest and that he was not a fit and proper person to be…

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April 20, 2018 BY Valentina Kirilova

FCA and PRA conclude investigations into Jes Staley and Barclays

As announced April last year, the Financial Contract Authority (FCA) and the Prudential Regulation Authority (PRA) have been conducting investigations into Jes Staley, Group Chief Executive Officer of Barclays, and Barclays Bank PLC (LON:BARC) in relation to an attempt by Mr Staley in 2016 to identify the author of an anonymous letter. The FCA and…

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April 19, 2018 BY Valentina Kirilova

OSC jails individual for securities fraud

The Ontario Securities Commission (OSC) has announced today Mr. Sydney Lederman of Toronto, Ontario, was sentenced to 90 days in jail and three years of probation by Justice M. Wong at the College Park-Ontario Court of Justice on April 13, 2018. Following an investigation by the OSC’s Joint Serious Offences Team (JSOT) and prior to…

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April 18, 2018 BY Valentina Kirilova

ASIC charges NSW director with unlicensed financial services business

Mr Senen Pousa, of Byron Bay, was today sentenced in the Brisbane District Court on charges brought by ASIC. Mr Pousa was sentenced after earlier pleading guilty to one charge of aiding and abetting his company, Investment Intelligence Corporation (IIC), to carry on a financial services business without holding an Australian financial services (AFS) license.…

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April 17, 2018 BY Valentina Kirilova

ASIC charges former financial adviser charged with dishonesty

Following an ASIC investigation, former financial adviser Mr Trevor William Martin, has today been charged with twenty-one counts of dishonestly obtaining client funds and five counts of using false documents to obtain a financial advantage under the NSW Crimes Act. ASIC alleges that on twenty-one occasions between 1 June 2011 to April 2015 Mr Martin,…

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April 10, 2018 BY Valentina Kirilova

Hong Kong SFC charges Fujikon and its senior executives

The Hong Kong Securities and Futures Commission (SFC) has just announced that it commenced proceedings in the Market Misconduct Tribunal (MMT) against Fujikon Industrial Holdings Limited (Fujikon) for failing to disclose inside information as soon as reasonably practicable on the discontinuance of headphone production for one of the company’s top customers. The SFC has also…

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April 10, 2018 BY Valentina Kirilova

ASIC charges South Australian day trader for market manipulation

ASIC has announced today that Stefan Mark Boitcheff of South Australia, has been convicted and sentenced after pleading guilty to two market manipulation-related charges in the District Court of South Australia. Mr Boitcheff was last week sentenced to one year and nine months imprisonment, with an order that he be released immediately upon entering into…

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