September 30, 2020/US SEC The Securities and Exchange Commission charged a Swedish national living in Thailand with conducting a multi-million dollar online offering fraud that victimized thousands of retail investors worldwide, including hundreds of investors from the Deaf, Hard of Hearing, and Hearing Loss communities. The SEC’s complaint alleges that […]
Frauds & Scandals
SEC Charges Unregistered Broker with Selling Securities in Ponzi Scheme
September 30, 2020/US SEC The Securities and Exchange Commission today announced charges against Michael Staisil for helping convicted Ponzi-schemer Kevin Merrill raise approximately $75 million for investments in purported debt portfolios offered by Global Credit Recovery. In September 2018, the SEC charged Merrill, Global Credit Recovery, and others with operating […]
Morgan Stanley Agrees to Pay $5 Million for Reg SHO Violations in Prime Brokerage Swaps Business
September 30, 2020/US SEC The Securities and Exchange Commission today announced settled charges against Morgan Stanley & Co. LLC for violations of Regulation SHO, the regulatory framework governing short sales. According to the SEC’s order, the structure of Morgan Stanley’s prime brokerage swaps business resulted in violations of Reg SHO. […]
