29/6/2018/US SEC Washington, D.C., June 29, 2018 – The Securities and Exchange Commission today announced that Cantor Fitzgerald & Co. has agreed to settle charges stemming from an improper commission-splitting scheme in which a former supervisor received off-book payments from traders he managed. The SEC also filed a litigated action […]
Frauds & Scandals
SEC Charges Microcap Issuer and Individuals with Unregistered Offers and Sales and Disclosure Fraud
29/6/2018/US SEC On June 8, 2018, the Securities and Exchange Commission filed an amended complaint charging Curative Biosciences, Inc. f/k/a Healthient, Inc. and corporate insiders with fraudulently misrepresenting that the company had issued company shares to third parties in purported compensation for services and in discharge of company debt when, […]
SEC Charges Morgan Stanley in Connection With Failure to Detect or Prevent Misappropriation of Client Funds
29/6/2018/US SEC The Securities and Exchange Commission today announced that Morgan Stanley Smith Barney (MSSB) has agreed to pay a $3.6 million penalty and to accept certain undertakings for its failure to protect against its personnel misusing or misappropriating funds from client accounts. The SEC’s order finds that MSSB failed […]