8/11/2018/US SEC The Securities and Exchange Commission today charged a stock research firm and its co-founders with defrauding investors by issuing reports purportedly based on “unbiased” and “not paid for” research when in reality they received thousands of dollars from issuers as a condition to providing each report. According to […]
Frauds & Scandals
SEC Charges EtherDelta Founder with Operating an Unregistered Exchange
8/11/2018/US SEC The Securities and Exchange Commission today announced settled charges against Zachary Coburn, the founder of EtherDelta, a digital “token” trading platform. This is the SEC’s first enforcement action based on findings that such a platform operated as an unregistered national securities exchange. According to the SEC’s order, EtherDelta is an online platform […]
SEC Charges ITG With Misleading Dark Pool Subscribers
November 7, 2018/US SEC The Securities and Exchange Commission today announced that ITG Inc. and its affiliate AlterNet Securities Inc. have agreed to pay $12 million to settle charges arising from ITG’s misstatements and omissions about the operation of the firm’s dark pool, POSIT, and ITG’s failure to establish adequate […]
