Volkswagen settled with the U.S. over criminal and civil charges in diesel emissions scandal two years ago
The SEC says the rep was involved in a pump-and-dump scheme from 2008 to 2014
Almost 80 firms admitted to violating securities rules
Plot netted US$4.1 million
The pilot would run in parallel with a U.S. Securities and Exchange Commission study
Proposed rule applies only when a broker makes a recommendation
Comparing the success of investor protection programs in Canada and the U.S.
Title reform is catching on inside the SEC as a simple solution that would be straightforward to implement as the regulator moves toward a proposal for a new fiduciary standard, Investment News reported. Title reform would draw a line between brokers and investment advisors (and advisers), limiting who can use the latter title to those […]
The SEC says in a release that it has obtained an emergency asset freeze to halt an initial coin offering fraud that raised up to US$15 million from thousands of investors since August. The offering falsely promised a 1,354% profit, says the SEC. The commission has filed charges against “a recidivist Quebec securities law violator,” […]
The Securities and Exchange Commission today charged Mohammed Ali Rashid, a former senior partner at Apollo Management L.P., with defrauding his fund clients by secretly billing them for approximately $290,000 in personal expenditures, including his family vacations, visits to a hair salon, and purchases of designer clothing and high-end electronics. The SEC’s complaint alleges Rashid […]