December 14, 2022/US SEC The Securities and Exchange Commission today proposed Regulation Best Execution, which would establish through Commission rules a best execution regulatory framework for brokers, dealers, government securities brokers, government securities dealers, and municipal securities dealers. While a best execution rule was first established in 1968 by the […]
Frauds & Scandals
SEC Charges Four Individuals in Crypto Pyramid Scheme that Targeted Spanish-Speaking Communities
Forcount Trader Systems’ creator and promoters orchestrated $8.4 million fraud December 14, 2022/US SEC The Securities and Exchange Commission today charged Francisley Valdevino Da Silva, Juan Antonio Tacuri Fajardo, Ramon Antonio Perez Arias, and Jose Ramiro Coronado Reyes for their roles in creating and promoting Forcount Trader Systems, Inc., a […]
SEC Charges Financial Services Professional and Associate in $47 Million Front-Running Scheme
December 14, 2022/US SEC The Securities and Exchange Commission today announced fraud charges against Lawrence Billimek, an employee of a major asset management firm with securities portfolios worth billions of dollars, and Alan Williams, who previously worked at several financial industry firms, for perpetrating a multi-year front-running scheme that generated […]
