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 […]
Frauds & Scandals
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 […]
Citibank to Pay More Than $38 Million for Improper Handling of ADRs
November 7, 2018/US SEC The Securities and Exchange Commission today announced that Citibank N.A. has agreed to pay $38.7 million to settle charges of improper handling of “pre-released” American Depositary Receipts (ADRs). ADRs – U.S. securities that represent foreign shares of a foreign company – require a corresponding number of […]
