Charges According to the financial markets watchdog, Bansal and Agarwal engaged in the fraudulent activities for accounts held by Aralia and Vintage. Around 14 April 2020, Bansal led Agarwal to enter orders for Vintage to sell 250 gold futures contracts traded on COMEX at a specific time. Agarwal entered those orders and Bansal entered off-setting…
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The SEC further detailed that the five defendants shared portions of their profits by funneling them through a Russian information technology company founded by Kliushin and for which Yermakov and Rumiantcev serve as directors. Gurbir S. Grewal, Director of the SEC’s Division of Enforcement, said: With this action, the SEC, using its powerful analytical tools,…
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Debih allegedly traded on the tips he received from the investment bankers and recommended to others to trade. SEC has charged seven other people in connection with these schemes. Debih is charged violating the antifraud provisions of the Securities Exchange Act of 1934. He has agreed to the entry of a judgment which, if approved…
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The regulator also estimates that 25,000 customers were charged more than $5 million in fees that had not been disclosed adequately. ASIC Deputy Chair Sarah Court said: ASIC is disappointed to have to yet again commence legal proceedings, on this occasion no fewer than six times, against a major bank. The conduct and breaches alleged…
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The Acting Director of Enforcement, Vincent McGonagle commented: As today’s enforcement action shows, the CFTC will vigorously investigate and seek to hold accountable those who make false promises and misappropriate customer funds. The CTFC is seeking a number of charges to be filed against all six defendants. This includes restitution paid to victims, the return…
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On top of the concealment charge, authorities have also accused the three new defendants of being well aware of Manor’s background in criminal activities. The latest SEC press release stated: To conceal Manor’s involvement and his history from investors, they used Manor’s chosen alias ‘Shaun MacDonald’ in ICO related-communications and helped create and distribute materially…
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ASIC also revealed that Fineff provided financial services outside of Sentinel’s license and that he also acted in conflict with the company. Sentinel lodged a breach notification with ASEC on 25 March 2020 in relation to Fineff’s conduct. He was then arrested on 7 May 2021 and charged with 18 counts of dishonesty obtaining financial…
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The SEC first filed charges against the owner of 1 Global Capital back in 2018, alongside a number of other relevant individuals, on the grounds that they had been reported to have been trading unregistered securities. Such transactions resulted in the defrauding of well over 3,600 investors. Following the charges, The SEC stated that the…
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The incorrect fees have been found to be a result of manual errors executed by CBA staff members, as well as improperly configured or inadequate processes and systems which dismissed the fact that a vast number of customers were entitled to waivers on any fees. CBA was also found to have produced misrepresented justifications of…
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Allegedly, between 15 July 2016 and 4 December 2017, the two brothers were involved in trading in stocks of the following companies: ARM Holdings plc Alternative Networks plc Punch Taverns plc Shawbrook plc HSN Inc Snyder’s Lance Inc The UK regulator said that the two brothers made profit from insider trading in the amount of…
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