August 29, 2023/US SEC The Securities and Exchange Commission today announced settled cease-and-desist proceedings against broker-dealer Citigroup Global Markets Inc. (CGMI) for willfully violating recordkeeping requirements concerning expenses that the firm incurred in connection with its underwriting business. Recordkeeping requirements of the federal securities laws require broker-dealers to make and […]
Frauds & Scandals
SEC Charges Archipelago Trading Services with Failing to File Suspicious Activity Reports
August 29, 2023/US SEC The Securities and Exchange Commission today announced charges against Archipelago Trading Services Inc. (ATSI) for failing to file hundreds of legally required reports of suspicious financial transactions, known as Suspicious Activity Reports (SARs), between August 2012 and September 2020. The charges were related to transactions in […]
Ponzi: SEC Seals Offices of Stockmatch over Illegal Investment Activities
August 29, 2023/SEC Nigeria In a renewed onslaught against promoters of Ponzi schemes, the Securities and Exchange Commission (SEC), on Tuesday, sealed the premises of Stockmatch Investments Ltd in Maiduguri, Borno State for allegedly engaging in illegal investment activities. According to the commission, the office of the company in Wulari Plaza […]
