Firm's executive aided Ng's scheme to raise funds with falsified collateral
European regulators flag threats to investors from industry, influencers
Students defrauded into financing fictitious AI-powered hedge fund
Firms use forced arbitration to discourage clients from pursuing complaints
SRO panel found the rep opened banking products, including a line of credit, in the client's name
SEC, DoJ file allegations against HyperFund promoters
Tribunal accepts settlement with crypto project founders, including more than $1.5 million in sanctions
The panel found a rep's misconduct to be serious, but not fraudulent or deceitful
Former rep admitted to misappropriation
Panel said penalty should be bigger than regulator requested