Tag: Inc

May 02, 2024 BY Elizabeth Anderson

Chip Stock Sell-off After Disappointing AMD And Super Micro Results

AMD’s GAAP quarter-over-quarter revenues dipped by 11% and, according to Reuters, SMCI’s revenue dropped by 16%. Super Micro Computer’s stock jumped by 150% earlier this year and outstripped Nvidia Corporation (NVDA) (the frontrunner in the chipmaking sector) gains at certain times. Queries about a new range of servers contributed to the bleak SMCI Q3 performance…

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SEC building
May 01, 2024 BY Elizabeth Anderson

Legal Clash Between SEC And Ripple Impacts XRP Performance

The virtual token regained some ground on Monday, 29 April 2024, after a loss of 1.51% on the previous day. Ripple filed a motion to strike the testimony of SEC accountant Andrea Fox. The regulator opposed this motion and categorised Fox as a summary witness. The objection read: Ripple incorrectly claims this declaration constitutes undisclosed…

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January 09, 2024 BY Elizabeth Anderson

Merck moving forward with $680m Harpoon acquisition

Harpoon has a portfolio of innovative T-cell engagers using the company’s proprietary TriTAC and ProTriRAC platforms to harness and activate a patient’s immune system to eliminate malign cells. During 2023, Harpoon shares climbed by 41% and surged by almost 112% on Monday. Analysts believe Merck is exploring new avenues of growth as its current top-selling…

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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…

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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…

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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…

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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…

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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…

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