September 12, 2018/US SEC The Securities and Exchange Commission today charged a New Jersey-based broker with misusing his access to customers’ brokerage accounts to enrich himself and family members at the expense of his customers, many of whom had entrusted him with their retirement accounts. The SEC uncovered the alleged […]
Frauds & Scandals
United Technologies Charged With Violating FCPA
September 12, 2018/US SEC The Securities and Exchange Commission today announced that Connecticut-based United Technologies Corporation will pay $13.9 million to resolve charges that it violated the Foreign Corrupt Practices Act (FCPA) by making illicit payments in its elevator and aircraft engine businesses. According to the SEC’s order, United Technologies […]
Broker Charged With Fraud And Unlawful Distribution Of Unregistered Cryptocurrency Securities
Culled—Proshare September 12, 2018/FINRA FINRA announced yesterday that it filed a complaint against Timothy Tilton Ayre of Agawam, Massachusetts, charging him with securities fraud and the unlawful distribution of an unregistered cryptocurrency security called HempCoin. This case represents FINRA’s first disciplinary action involving cryptocurrencies. In the complaint, FINRA alleges that, […]
