Tag: IPO fraud

Silvergate Bank, a pioneer for crypto and fintech, closes successful IPO
December 20, 2017 BY LeapRate Staff

Wall Street stockbroker Brian Hirsch charged in $1 million IPO kickback scheme

The U.S. Securities and Exchange Commission (SEC) has charged a Wall Street stockbroker with illegally accepting more than $1 million in undisclosed kickbacks for giving certain customers preferential access to lucrative IPOs, enabling them to reap major trading profits in the secondary markets. The SEC alleges that Brian Hirsch subverted allocation policies and procedures at…

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fca
November 29, 2017 BY Valentina Kirilova

FCA investigating Artemis, Hargreave Hale, Newton, and River & Mercantile for IPO price collusion

The Financial Conduct Authority (FCA) has issued a statement of objections to four asset management firms: Artemis Investment Management LLP, Hargreave Hale Ltd, Newton Investment Management Limited, and River & Mercantile Asset Management LLP. The FCA believes the four firms may have broken competition law. The FCA alleges that the four firms shared information by…

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