SEC Announces Charges in Massive Telemarketing Boiler Room Scheme Targeting Seniors
The Securities and Exchange Commission today brought fraud charges against 13 individuals allegedly involved in two Long Island-based cold calling scams that bilked more than one hundred victims out of more than $10 million through high-pressure sales tactics and lies about penny stocks.
The SEC...
Enter The World Of Digital Assets
Introduction
In the recent past, digital assets have gained immense popularity. People across the globe are using them for their personal uses as well as business. They are safe and secure, and the transaction speed is fast and hassle-free. As we enter a digital era,...
CEO Charged With Using Secret Accounts for Insider Trading in Company Stock
The Securities and Exchange Commission today charged the former CEO of a Silicon Valley-based fiber optics company with insider trading in company stock by using secret brokerage accounts held in the names of his wife and brother.
The SEC alleges that Peter C. Chang, who...
BitPay Does Not Plan to Suspend Service on August 1st
We're currently seeing a number of proposals for – and plenty of misinformation about – the activation of updates to Bitcoin's consensus rules.
Bitcoin's consensus rules are rules chosen by Bitcoin miners, who determine which bitcoin transactions are processed on the Bitcoin network. If miners...
ASIC: Charges laid against former FX trader
Former Deutsche Bank FX options and futures trader, Andrew Donaldson, of Bronte NSW, has been charged with 85 offences under s184(2) of the Corporations Act 2001 in respect of using his position as an employee dishonestly with the intention of directly or indirectly gaining...
Ullink Adds Full MiFID2 Support With UL APPIA 8 Release
Ullink, a global provider of electronic trading and connectivity solutions to the financial community, today announced a new release of its leading FIX engine, UL APPIA. Version 8 of UL APPIA adds support for generation and processing of microsecond granularity timestamps and new FIX...
Invest2see Reviews: Enhancing Skills through Market Observation
Market surveillance of Invest2see suggests the most notable way to deal with checking and administering exchanging rehearses that happen on the stage. It uses technology, devices, and methods to identify, dismantle, and investigate any questionable or potentially manipulative direct surveillance.
The following are a couple...
BigShortBets – Rafal Zaorski goes to war with the funds
The beginning of 2021 was a period when the level of irritation among small speculators reached its zenith. Individual investors finally decided to clench their fists and bang them on the table. This proverbial blow was strong enough to shake the financial markets and...
CMC MARKETS PLC Response to BaFin Consultation Paper
CMC Markets plc ("CMC") notes yesterday’s announcement by BaFin regarding the marketing, distribution and sale of CFD products to retail clients.
The BaFin consultation paper requires CFD providers to ensure that retail clients cannot lose more money than is deposited in their account, a functionality...
CFTC Orders Citibank, N.A. and London-based Citigroup Global Markets Limited to Pay a $550,000 Penalty for Swap Data Reporting Violations Involving Legal Entity Identifier Information and Related Supervision Failures
The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against Citibank, N.A. (CBNA) and Citigroup Global Markets Limited (CGML) (collectively, Citi), for failing to report Legal Entity Identifier (LEI) information for swap transactions properly to a Swap Data Repository (SDR), failing...
