‘Enforcement 40’ for 2020
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedIn
You are browsing the site archives by date.
By Securities Docket on July 20, 2018, 9:15 am
According to the SEC’s complaint, Dandawate aided and abetted a fraud perpetrated by Quadrant 4 System Corp. (“QFOR”), Nandu Thondavadi, and Dhru Desai by falsely claiming in bank documents that he controlled ten entities that were, in reality, controlled by QFOR, Thondavadi, and Desai, and by allowing QFOR to use those bank accounts for various […]
By Securities Docket on July 20, 2018, 9:05 am
Today Christian Bittar and Phillipe Moryoussef were sentenced to a total of 13 years, 4 months’ imprisonment at Southwark Crown Court for manipulating the Euro Interbank Offered Rate (EURIBOR) at the height of the financial crisis. Bittar (46), former Principal Trader (Managing Director) at Deutsche Bank and Moryoussef (50), formerly of Barclays Bank conspired together […]
By Securities Docket on July 18, 2018, 2:45 pm
A Beijing high court has overturned a decision by China’s security regulator to impose a CNY130 million (USD19 million) fine on a businessman over insider trading citing a lack of evidence and violations of investigative procedures. via China Securities Watchdog Loses Lawsuit on Insider Trading Case | Yicai Global.
By Securities Docket on July 18, 2018, 9:32 am
On July 5, 2018, the SEC and the Department of Justice announced that a large financial institution, has agreed to pay nearly $76 million to settle charges that its Hong Kong-based subsidiary, violated the Foreign Corrupt Practices Act. The case is another example of the U.S. government’s pursuit of companies that hire so-called “princelings,” a […]
By Securities Docket on July 18, 2018, 9:31 am
Global financial regulators don’t see any imminent risk to financial stability from crypto-assets but have identified an analytical framework to monitor them “vigilantly.” In a report released on Monday, the Financial Stability Board, which coordinates financial regulation for the Group of 20 Economies, said crypto-assets “do not pose risks to global financial stability at this […]
By Securities Docket on July 16, 2018, 9:47 am
The price of bitcoin surged Monday after a report said that BlackRock has set up a working group to explore ways of taking advantage of the cryptocurrency market. via Bitcoin jumps after report says BlackRock exploring cryptocurrencies.
By Securities Docket on July 16, 2018, 9:45 am
The Commission’s FCPA complaint against two individuals at a hedge fund management firm involved with what the agency called a “sprawling scheme” to bribe various African public officials was dismissed as time barred. Specifically, the Court dismissed the SEC’s amended complaint against Michael Cohen and Vanja Baros, each of whom was employed by a subsidiary […]
By Securities Docket on July 16, 2018, 9:08 am
The Commodity Futures Trading Commission (CFTC) has approved a record $30 million whistle-blower award to a financial investigator for his role in exposing a scam at JPMorgan Chase. via Whistleblower gets $30M in JPMorgan case – New York Business Journal.
By Securities Docket on July 16, 2018, 9:06 am
With the July 11 announcement by Deputy Attorney General Rod Rosenstein of the new Department of Justice (DOJ) Task Force on Market Integrity and Consumer Fraud comes the obvious question: How will this task force affect the ongoing role of the Bureau of Consumer Financial Protection (CFPB); the Financial Crimes Enforcement Network (FinCen); a preexisting fraud […]
By Securities Docket on July 16, 2018, 9:04 am
Many experts are concerned that Ripple’s XRP asset may be labeled as a security by the SEC. Those concerns first became apparent several months ago when a securities fraud lawsuit was filed against the company. The plaintiffs claimed the firm had sold securities to investors while maintaining centralized control over the currency’s supply. Although this […]