Resulting investor losses totalled almost US$1 billion
Boiler room operation drew investments totalling more than $650,000
Quebec’s securities regulator cautioned investors Wednesday about an organization called the International Organization of Securities Commission (IOSC), which is not to be confused with the International Organization of Securities Commissions (IOSCO)).The Autorité des marchés financiers (AMF) says the IOSC website uses as logos and without authorization the shields of U.S. agencies such as the U.S. […]
Trustee to see how much money is left in Earl Jones’ company
$50 million diverted in a kind of Ponzi scheme, regulator says
SEC charges two advisors for conducting similar schemes
The British Columbia Securities Commission has settled with John Gregory Paterson, the former president and CEO of Southwestern Resources Corp., who admitted to fraud and illegal insider trading.In the BCSC settlement agreement, Paterson admitted that he committed fraud when he entered false assay results related to Southwestern’s Boka project in China into the company’s database. […]
World Elder Abuse Awareness Day
No prospectuses filed for Moenkopi Resources, Frey Mining, and Mercury Capital
U.S. securities regulators have charged several brokers with fraud for selling collateralized mortgage obligations (CMOs) as securities suitable for risk-averse investors.The U.S. Securities and Exchange Commission filed a complaint in federal district court in West Palm Beach, Fla., alleging that 10 brokers who worked for now-defunct Brookstreet Securities Corp. did not clearly define the risks […]