The SEC has charged a pair of Canadian citizens with conducting an international microcap fraud scheme by stockpiling shares in a coal mining company and funding a multi-million dollar promotional campaign to hype the stock while simultaneously dumping their shares and routing the proceeds through offshore accounts.
Keith Summers was sentenced to three years in jail today after pleading guilty to one count of fraud over $5,000 and one count of uttering a forged document.
The Securities and Exchange Commission has charged a Brooklyn man with facilitating a $5.6 million insider trading scheme that typically involved the passing of illegal tips via napkins or post-it notes at Grand Central Terminal.
The Securities and Exchange Commission is handing out its largest penalty ever for net capital rule violations to high frequency trading firm Latour Trading.
The watchdogs tasked with keeping our financial institutions, and the entire market, secure and efficient have been busy.
FINRA has announced that the SEC has approved a new rule prohibiting firms and registered representatives from conditioning settlement of a customer dispute on—or otherwise compensating a customer for—the customer's agreement to consent to, or not to oppose, the firm's or representative's request to expunge such information from the Central Registration Depository (CRD) system.
The Securities and Exchange Commission today charged a group of friends, most of them golfing buddies, who made more than $554,000 of illegal profits from trading on inside information about Massachusetts-based American Superconductor Corporation.
FINRA has withdrawn from the SEC a proposed rule that would have required advisors to disclose recruitment bonuses in excess of $100,000, reports WealthManagement.com.
Before market moving deals are made, information often seeps out, to the benefit of a few individuals, finds a new study.
The CSA is urging investors to be cautious when considering investing in medical marijuana stocks. A significant number of reporting issuers have announced their intention to begin growing and selling medical marijuana, in conjunction with new regulations enacted by the Government of Canada as of April 1, 2014.