April 11, 2022/US SEC The Securities and Exchange Commission today announced charges against Anthony Salandra, for his role in a market manipulation scheme in which he and several other individuals created false rumors about public companies in order to profitably trade around the temporary price increases caused by the publication […]
Frauds & Scandals
SEC Obtains Final Judgments Against Unregistered Uk Financial Firm and Its Founder for Clearing Billions of Dollars in U.S. Securities Transactions
April 11, 2022/US SEC On March 22, 2022, the U.S. Securities and Exchange Commission obtained final judgments against Global Investment Strategy UK Ltd. (GIS), a London, UK-based financial services firm, charged with clearing and settling billions of dollars of U.S. securities transactions without registering as a broker-dealer in violation of […]
SEC: Takeover Bid of Fortune 500 Company was a Sham
April 5, 2022/US SEC The Securities and Exchange Commission today charged Melville ten Cate, a U.S. citizen residing abroad, with fraud stemming from his allegedly phony offer to purchase Textron – a large U.S.-listed aircraft, defense, and industrial company. The SEC’s complaint, filed in federal district court in Manhattan, alleges […]
