October 11, 2018/US SEC The Securities and Exchange Commission today announced that it has obtained an emergency court order halting a planned initial coin offering (ICO), which backers falsely claimed was approved by the SEC. The order also halts ongoing pre-ICO sales by the company, Blockvest LLC and its founder, Reginald […]
Frauds & Scandals
SEC Obtains Preliminary Injunction in Alleged $345 Million Fraud
October 11, 2018/US SEC The Securities and Exchange Commission today announced that on October 4, 2018, United State District Judge Richard Bennett entered a preliminary injunction against defendants Kevin B. Merrill, Jay B. Ledford, Cameron Jezierski, and several entities they control in connection with the SEC’s charges that they operated a […]
Court Bars former Nomura Rmbs Trading Supervisor from Association with Brokerage Firms
10/10/2018/US SEC On October 3, 2018, the Securities and Exchange Commission obtained a final judgment against Ross B. Shapiro, the former head of the residential mortgage backed securities (“RMBS”) trading desk at Nomura Securities International (“Nomura”) in New York, in an action alleging fraud in trading mortgage-backed securities. The SEC […]
