Review follows in wake of Madoff scandal
Firms agree to pay nearly US$70 million
The U.S. Securities and Exchange Commission is warning investors and financial services firms about con-artists who may use the names of actual SEC employees to mislead potential victims.The SEC said Monday that investors in the U.S. and other countries have been tricked into revealing private information, giving fraudsters access to their brokerage accounts, and even […]
Firm to pay $125,000 civil penalty for violating fair dealing, gifts and gratuities and supervisory rules
Former prosecutor has been general counsel with Deutsche Bank for past five years
The U.S. Securities and Exchange Commission has hired an advisor to new chairman Mary Schapiro.The SEC announced Tuesday that Kayla Gillan has been named senior advisor to the chairman. At the commission Gillan will work for investors, leading multiple projects including the creation of an Investor Advisory Council, reconsidering access to the proxy, and evaluating […]
Ex-CFO fined US$500,000
Advisors sold investment by promising “improbable and unsubstantiated high interest rates”, regulator alleges
Regulator alleges schemes realized gains of US$21 million
Judgment imposes permanent injunction