March 13, 2020/US SEC The Securities and Exchange Commission yesterday charged Bradley C. Reifler, founder and chief executive officer of multiple New York-based financial services firms, with an extensive fraud that enabled him to divert millions of dollars from investors into entities and ventures that he owned and controlled. According […]
Frauds & Scandals
SEC Charges Russian National for Defrauding Older Investors of Over $26 Million in Phony Certificates of Deposit Scam
March 13, 2020/US SEC The Securities and Exchange Commission today announced charges against Denis Georgiyevich Sotnikov and entities he controlled for allegedly participating in a fraudulent scheme to lure U.S. investors into buying fictitious Certificates of Deposit (CDs) promoted through internet advertising and “spoofed” websites that mimic the actual sites […]
SEC Nigeria Says Six Online Brokers Banned by Italian Financial Authorities
March 9, 2020/SEC Nigeria The attention of the Securities and Exchange Commission (the Commission) has been drawn to the public notice by the Italian securities regulator, Commissione Nazionale per le Società e la Borsa (CONSOB) on six (6) online forex brokers who engage in “unlawful” and “misleading” Forex and other retail products […]
