Based on his LinkedIn profile, Yimwilai headed this company, which is the Thai division of the Singapore-headquartered outfit, from August 2018 to November 2023. The SEC also indicated that its investigation picked up inconsistencies in filed company reports. Zipmex received Ministry of Finance and SEC approval to operate in Thailand in 2020. On 2 February…
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Charged with breaking US anti-money-laundering laws, fraudulent customer funds management and conspiracy to commit fraud, Zhao now faces a $4.3bn settlement that must be paid to cover a federal investigation into Binance’s illegal activities by US Securities and Commission Exchange (SEC). _____________________________________________________________________________________________________________________________________ Don’t miss out the latest news, subscribe to LeapRate’s newsletter _____________________________________________________________________________________________________________________________________ To counter…
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The Securities and Exchange Commission (SEC) has yesterday charged an analyst at an international investment bank with insider trading. According to the SEC, Bill Tsai, a junior investment broker, had a confidential information about Siris Capital Group's plans to acquire Electronics for Imaging, Inc. (EFII). Tsai was working from the bank's New York office. Knowing…
Read moreThe Securities and Exchange Commission (SEC) in the U.S. has published a request for blockchain support. The agency wishes to outsource the task of running nodes on the BTC, ETH, and XRP blochchains, ostensibly “to support its efforts to monitor risk, improve compliance, and inform commission policy with respect to digital assets.” The Trustnodes news…
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The Securities and Exchange Commission (SEC) has yesterday informed the public that it has instituted two related enforcement actions against Nomura Securities International Inc. The Japanese financial holding company has agreed to repay approximately $25 million to customers for its failure to adequately supervise traders in mortgage-backed securities. Nomura bond traders made false and misleading…
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The Securities and Exchange Commission (SEC) announced that it has charged a New York City man with continuing a previously charged scheme. According to the US regulator, James Siniscalchi, Chief Compliance Officer, at a firm, claiming to have special access to profitable and highly sought-after event tickets, knowingly misused investor money to benefit himself and…
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John Berlau, a senior fellow at libertarian think tank Competitive Enterprise Institute, has wasted no time in blasting the Securities and Exchange Commission (SEC) for its heavy handed treatment of all things crypto. The SEC recently released guidelines to clarify how it applies existing statutes in order to assist legal firms and promoters of Initial…
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The Securities and Exchange Commission (SEC) has yesterday awarded two whistleblowers a total of $50 million ($37 million and $13 million) for their high-quality information. LeapRate reminds that SEC gave away a record $61 million award to two whistleblowers for helping make the case that JPMorgan Chase & Co. (NYSE:JPM) back in 2017 and awarded $39 million to…
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The Securities and Exchange Commission (SEC) revealed that BB&T Securities has finally agreed to reimburse over $5 million to individual investors and to pay a $500,000 fine as part of a settlement for charges that a company it acquired deceived its clients that they were being given all brokerage services by an in-house team at…
Read moreThe Securities and Exchange Commission (SEC) announced that Elizabeth McFadden has been named Deputy General Counsel for General Law and Management of the agency. McFadden has previously served as Deputy General Counsel at the U.S. Department. Prior to joining the Department of Education in 2003, McFadden practiced law at Dow Lohnes, first as an associate…
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