Tag: SEC

Whistleblower
July 15, 2020 BY Steffy Bogdanova

Whistleblower receives almost $4 million award from SEC

So far, the agency has awarded over $505 million to 87 individuals for their help since the first award was issued in 2012. Payment of the awards is taken out of an investor protection fund set up by Congress. It is financed through monetary sanctions of security law violations paid to SEC. To be eligible…

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SEC acts against 11 firms neglecting electronic communications
June 29, 2020 BY Steffy Bogdanova

Telegram agrees to pay over $1.2 billion in settlement over its digital token Grams

Lara Shalov Mehraban, Associate Regional Director of the New York Regional Office commented: Our emergency action protected retail investors from Telegram's attempt to flood the markets with securities sold in an unregistered offering without providing full disclosures concerning their project. The remedies we obtained provide significant relief to investors and protect retail investors from future…

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Whistleblower
June 25, 2020 BY Steffy Bogdanova

Whistleblower receives $125,000 award from SEC

So far, the agency has awarded over $501 million to 85 individuals for their help since the first award was issued in 2012. Payment of the awards is taken out of an investor protection fund set up by Congress. It is financed through monetary sanctions of security law violations paid to SEC. To be eligible…

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Whistleblower
June 22, 2020 BY Steffy Bogdanova

Whistleblower receives nearly $700K award from SEC

So far, the agency has awarded over $501 million to 84 individuals for their help since the first award was issued in 2012. Payment of the awards is taken out of an investor protection fund set up by Congress. It is financed through monetary sanctions of security law violations paid to SEC. To be eligible…

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FCA investigates Coronavirus scams
June 15, 2020 BY Steffy Bogdanova

Broker defrauds seniors out of nearly $1 million

Justin Jeffries, Associate Regional Director for the SEC's Atlanta Regional Office said: Far too often, veterans and seniors who depend on their investments for retirement income are targeted by fraudulent schemes. As alleged in our complaint, Stow took advantage of these seniors, abusing his access to their brokerage accounts to generate income for himself. The…

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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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Whistleblower
June 05, 2020 BY Steffy Bogdanova

Whistleblower receives nearly $50 million award from SEC

So far, the agency has awarded over $500 million to 83 individuals for their help since the first award was issued in 2012. Payment of the awards is taken out of an investor protection fund set up by Congress. It is financed through monetary sanctions of security law violations paid to SEC. To be eligible…

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May 07, 2020 BY Steffy Bogdanova

Bloomberg Tradebook charged for order routing misrepresentations

From November 2010 to September 2018, around 6.4 million Tradebook customer orders were routed through these unaffiliated broker-dealers. The “Low Cost Router” practice was in contradiction to Tradebook’s marketing materials, advertising that customer orders would be routed by Tradebook’s own “advanced” technology, based on price and liquidity factors. Moreover, Tradebook provided unverifiable execution venue information…

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Whistleblower
May 05, 2020 BY Steffy Bogdanova

Whistleblower receives $2 million award from SEC

So far, the agency has awarded over $450 million to 82 individuals for their help since the first award was issued in 2012. Payment of the awards is taken out of an investor protection fund set up by Congress. It is financed through monetary sanctions of security law violations paid to SEC. To be eligible…

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