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 […]
Frauds & Scandals
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, […]
SEC Charges Digital Asset Hedge Fund Manager With Misrepresentations and Registration Failures
September 11, 2018/US SEC The Securities and Exchange Commission today announced its first-ever enforcement action finding an investment company registration violation by a hedge fund manager based on its investments in digital assets. The SEC entered an order finding that Crypto Asset Management LP (CAM) offered a fund that operated […]
